THE GMS GROUP LLC.

05/10/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2009017280701 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: The GMS Group, LLC, Respondent FINRA Member Firm CRD No. 8000 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent The GMS Group, LLC, ("GMS" or "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 2009017280701data-portal.finra.orgfinra.org

01/27/2026: From June 30, 2020, until October 2023, GMS Group failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI), in violation of Reg BI, MSRB Rule G-27, and FINRA Rules 3110 and 2010. During the same period, GMS Group also failed to establish and maintain written supervisory procedures (WSPs) reasonably designed to achieve compliance with Exchange Act Rule 17a-14 obligations regarding Form CRS, in violation of MSRB Rule G-27 and FINRA Rules 3110 and 2010. For these violations, GMS Group is censured and fined $35,000.

Reference 2020065143601data-portal.finra.orgfinra.org

12/28/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015043159601 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: The GMS Group, LLC (CRD No. 8000), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, The GMS Group, LLC ("GMS" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged ru!e violations described below. This AWC is submitted

Reference 2015043159601data-portal.finra.orgfinra.org

12/31/2007: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20050002296-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: The GMS Group, LLC, Respondent Broker-Dealer CRD No. 8000 Pursuant to NASD Rule 9216 of FINRA Code of Procedure, The GMS Group, LLC, (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC'*) for the purpose of

Reference 2005000229601data-portal.finra.orgfinra.org

02/05/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016050321201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: The GMS Group, LLC, Respondent Member Firm CRD No. 8000 Pursuant to FINRA Rule 9216 of FINRA Code of Procedure, Respondent The GMS Group, LLC (Respondent or the firm) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2016050321201data-portal.finra.orgfinra.org

10/20/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013038756502 TO: Department of Enforcement Financial Industry Regulatory Authority (''FINRA") RE: The GMS Group. LLC, Respondent Member Firm CRD No. 8000 Carmine C. Capone General Securities Sales Supervisor CRD No. 1124455 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents submit this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2013038756502data-portal.finra.orgfinra.org