Great American Investors Inc.

07/10/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E0420030367-02 To: Department of Enforcement NASD Re: Great American Investors, Inc. Member (CRD No. 28489) and David K. Richards Registered Introducing Broker, Financial and Operations Principal, General Securities Principal and Municipal Securities

Reference E042003036702data-portal.finra.orgfinra.org

12/03/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2020065149201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Great American Investors, Inc. (Respondent) Member Firm CRD No. 28489 Pursuant to FINRA Rule 9216, Respondent Great American Investors, Inc. (GAI) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2020065149201data-portal.finra.orgfinra.org

10/29/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2011025495701 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Great American Investors, Inc. CRD No. 28489 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Great American Investors, Inc. submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition

Reference 2011025495701data-portal.finra.orgfinra.org