MADISON AVENUE SECURITIES LLC.

12/05/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015043246601 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Madison Avenue Securities, LLC, Respondent CRD No. 23224 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Madison Avenue Securities, LLC (''Respondent") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2015043246601data-portal.finra.orgfinra.org

05/01/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019061187802 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Madison Avenue Securities, LLC (Respondent) Member Firm CRD No. 23224 Pursuant to FINRA Rule 9216, Respondent Madison Avenue Securities, LLC 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 that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC.

Reference 2019061187802data-portal.finra.orgfinra.org

09/03/2025: From January 2020 to the present, Madison Avenue distributed or made available to customers consolidated reports containing inaccurate information, or omitting material information, about whether certain assets were held away from the firm, in violation of FINRA Rules 2210(d)(1) and 2010. The firm additionally failed to maintain records of which consolidated reports were distributed or made available to customers, in violation of FINRA Rule 4511, Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a–4(b)(4), and FINRA Rule 2010. The firm also failed to design and implement a reasonable supervisory system to review and retain consolidated reports, in violation of FINRA Rules 3110 and 2010. For these violations, Madison Avenue is censured, fined $125,000, and has agreed to an undertaking.

Reference 2023077021301finra.orgdata-portal.finra.org