THE DRATEL GROUP INC

09/28/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. THE DRATEL GROUP, INC. (BD No. 8049) and WILLIAM M. DRATEL (CRD No. 843025), Respondents. Disciplinary Proceeding No. 2008012925001 Hearing Officer - MAD EXTENDED HEARING PANEL DECISION September 28, 2012 Respondent The Dratel Group, Inc. (DGI): DGI is fined a total of $185,000 and barred from engaging in the activity of day trading for the violations in the First, Second, Third, Fifth, Sixth, and

03/17/2016: UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 77396 / March 17, 2016 Admin. Proc. File No. 3-15869. In the Matter of the Application of THE DRATEL GROUP, INC. and WILLIAM M. DRATEL for Review of Action Taken by FINRA OPINION OF THE COMMISSION REGISTERED SECURITIES ASSOCIATION - REVIEW OF DISCIPLINARY PROCEEDINGS Grounds for Remedial Action Fraud Recordkeeping Violations Conduct

05/11/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. THE DRATEL GROUP, INC. (BD No. 8049), and WILLIAM M. DRATEL (CRD No. 843025), Respondents. COMPLAINT DISCIPLINARY PROCEEDING No. 2008012925001 The Department of Enforcement alleges: SUMMARY 1. This case involves an unfair trade allocation scheme, commonly known as "cherry-picking," by Respondent William M. Dratel, the owner, President and sole broker of Respondent The Dratel Group, Inc. ("DGI").

05/02/2014: BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. The Dratel Group, Inc. Southold, NY, and William M. Dratel Southold, NY, Respondents. DECISION Complaint No. 2008012925001 May 2, 2014 Member firm and its principal willfully engaged in fraudulent cherry-picking scheme, willfully falsified order tickets, failed to identify customer names on order tickets prior to execution, failed to establish an enforce adequate

Reference 2008012925001data-portal.finra.orgdata-portal.finra.orgdata-portal.finra.orgdata-portal.finra.orgfinra.org

07/24/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2005001123301 To: Department of Enforcement NASD Re: The Dratel Group, Inc. (BD No. 8049) William M Dratel (CRD No. 843025) Pursuant to NASD Procedural Rule 9216, The Dratel Group, Inc. (the "Firm") and William M. Dratel ("Dratel") submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below.

Reference 2005001123301data-portal.finra.orgfinra.org

09/19/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. THE DRATEL GROUP, INC. (BD No. 8049) and WILLIAM M. DRATEL (CRD No. 843025), Respondents. Disciplinary Proceeding No. 2009016317701 Hearing Officer - MC AMENDED HEARING PANEL DECISION September 19, 2013 For violations of FINRA and NASD rules, and the Securities Exchange Act of 1934, as described below,

05/06/2015: BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. The Dratel Group, Inc. Southold, NY, and William M. Dratel Southold, NY, Respondents. DECISION Complaint No. 2009016317701 Dated: May 6, 2015 Respondent William M. Dratel willfully failed to make timely amendments to his Form U4, failed to establish and enforce supervisory control systems, and failed to certify compliance

Reference 2009016317701data-portal.finra.orgdata-portal.finra.orgfinra.org