350 N St.

Paul Street
Suite 1300
Dallas, TX 75201
apexclearing.com

INFORMATION BROCHURE FOR CUSTOMERS OF REGISTERED ADVISORS

This brochure has been prepared to explain some of the basic procedures for customers of registered advisors who also use the facilities of Apex
Clearing Corporation to perform certain custody, brokerage, execution, and clearing functions. In this brochure, “we” and “us” refer to Apex Clearing
Corporation, and “advisor” refers to the registered advisor with whom you have an account.

You should discuss your investment goals thoroughly with your advisor. The more they know about your circumstances and financial aims, the better
prepared they are to help you. Should you have any questions concerning any aspect of this brochure, your account or securities in general, contact
your advisor immediately.

RELATIONSHIP WITH YOUR ADVISOR: We are carrying your on Backup Withholding), citizenship, age, occupation, bank reference or
account as a clearing broker-dealer by arrangement with your advisor. We other brokerage reference, and a general idea of your financial situation.
are not your advisor. Your advisor uses our facilities to perform certain Your advisor is responsible for obtaining and verifying all information
execution and clearing functions. Your advisor is not our employee or necessary for your account to be opened. Your advisor is responsible for
agent and neither are its employees, representatives or other agents. obtaining all documents related to your accounts and for the timely
Further, your advisor may not contractually bind us, or make any transmission to us of all required documents. Your advisor will be
representations to you on our behalf. We are relying on your advisor and responsible for learning and documenting all of the facts relating to you
its representatives and other agents to give us instructions concerning your and your investment objectives in order to ensure compliance with all
account. Until receipt of written notice from you to the contrary, we will applicable rules and regulations. Each of your accounts approved by your
continue to accept such instructions from your advisor (without any inquiry advisor and opened with us will be subject to our acceptance. We reserve
or investigation) for the purchase or sale of securities, for any advisory fees the right to withhold acceptance of or to reject, for any reason, any account
charged to your account or for any other matter concerning your account. or any transaction for any account and to terminate any account that we
We give no advice or recommendations to you or other customers of your have previously accepted.
advisor. We will not review your account and have no responsibility for
trading decisions made, investment strategies employed in your account, ACCOUNT RESPONSIBILITY FOR CERTAIN PURPOSES:
or for any advisory fees charged to your account. We have no responsibility Notwithstanding anything in the Administrative Agreement to the contrary,
or liability for any acts or omissions of your advisor or its representatives, for purposes of the Securities Investment Protection Act of 1970 and the
employees or other agents. Financial Responsibility Rules of the United States Securities and
NOTICE OF ADMINISTRATIVE AGREEMENT: We have entered Exchange Commission (“SEC”), your accounts are our responsibility.
into an Administrative Agreement with your advisor that has the following For other purposes, your accounts may be the responsibility of your
terms as it relates to the allocation of responsibilities between your advisor advisor, subject to applicable law and the terms of any agreement between
and us: us and your advisor.

FEES: Your advisor will establish the advisory fees to be charged to you MAINTENANCE OF BOOKS AND RECORDS: We are responsible
on your account, if any, and Apex shall deduct these advisory fees directly for maintaining stock records and other records on a basis consistent with
from your account at your advisor’s instruction. You should consult your generally accepted practices in the securities industry and will maintain
advisor for details of its fees and charges. We also may also charge you an copies of such records in accordance with FINRA and SEC clearing
annual maintenance fee and/or other fees as agreed with your advisor or as broker-dealer guidelines for record retention, in effect from time to time.
independently established by us or as instructed by your advisor. All of the
above fees and charges are subject to change without notice. Additionally, RECEIPT, DELIVERY, AND SAFEGUARDING OF FUNDS AND
Apex and your advisor have agreed that Apex may directly charge your SECURITIES: Acting on behalf of your advisor, we will receive and
advisor a fee for Apex’s services. Such fee may be based on a set minimum deliver all funds and securities in connection with transactions for your
amount, the number of transactions processed, a percentage of the account. Your advisor is responsible for advising you of your obligations
advisor’s assets under management, or other calculation. to deliver funds or securities in connection with each such transaction and
for your failure to fulfill such obligations. We are responsible for the
IMPORTANT INFORMATION ABOUT PROCEDURES FOR safeguarding of all funds and securities delivered to and accepted by us,
OPENING A NEW ACCOUNT: The USA Patriot Act requires subject to our count and verification. We are not responsible for funds or
brokerage firms to maintain comprehensive anti-money laundering securities delivered by you to your advisor, its agents or employees until
programs. We use automated systems and staff to monitor compliance with such funds or securities are physically delivered to us in good form and are
these rules. To help the government fight the funding of terrorism and accepted by us or deposited in bank accounts maintained in our name.
money laundering activities, federal law requires all financial institutions
to obtain, record, and verify information that identifies each person who Whenever we have been instructed to act as custodian of the securities in
opens an account. What this means to you: when you open an account, any of your accounts, or to hold such securities in safekeeping, we may
we will ask for your name address, date of birth and other information that hold the securities in your name or may cause such securities to be
will allow us to identify you. We may also ask to see your driver's license registered in our name or our nominee name or in the names of nominees
or other identifying documents. Persons designated by the United States of any depository we use. We will perform the services required in
Office of Foreign Asset Control (OFAC) as Specially Designated connection with acting as a custodian for securities in your accounts, such
Nationals, residents of restricted countries or employees of foreign as; (i) collection and payment of dividends, (ii) transmittal and handling
governments or their agents may not open accounts at Apex. (through your advisor) of tenders and exchanges pursuant to tender offers
and exchange offers, (iii) transmittal of all proxy materials and other
OPENING, APPROVING AND MONITORING CUSTOMER shareholder communications; and (iv) handling of exercises and
ACCOUNTS: Before an account can be opened, you must furnish Apex expirations of rights and warrants or redemptions. Upon instruction from
and your advisor with certain information including your name and you or your advisor, we will make such transfers of securities or accounts
address, social security number or tax identification number (see section as may be requested. You or your advisor will be responsible for

Revised 11/2020 RIACIB2020

 350 N St. Paul Street
Suite 1300
Dallas, TX 75201
apexclearing.com

determining if any securities held in your accounts are restricted securities We may refuse to accept any orders if we in good faith determine that we
or control stock as defined by the rules of the SEC and that orders executed should. We may refuse to clear any transaction if we in good faith
for such securities are in compliance with applicable laws, rules and determine that we should.
regulations.
BACKUP WITHHOLDING: Since January 1, 1984, we must generally
Notwithstanding anything in the Administrative Agreement to the withhold 31% of taxable interest, dividends and proceeds from the sale of
contrary, we will not be responsible for the safeguarding of funds securities if you or your advisor fails to furnish us with the correct taxpayer
withdrawn by your advisor pursuant to any draft issuing authority that we identification number. This is referred to as backup withholding. For most
may confer on your advisor. individual taxpayers, the taxpayer’s identification number is their social
security number. To prevent backup withholding on these payments, be
CONFIRMATIONS AND STATEMENTS: We will prepare and sure that you have completed and returned to us a New Account
transmit to you monthly and/or quarterly statements of account. Account Application/Customer Account Agreement/Advisor Authorization,
value and totals are based only on priced securities. We may be unable to which includes the W-9 Form, to notify us of the correct taxpayer
price all securities in your account. For municipal securities and some other identification number and to properly certify that you are not subject to
securities, prices are approximate (not actual market bids), are provided backup withholding under Section 3406(a)(1)(c) of the Internal Revenue
only as a general guide and do not necessarily reflect actual market prices. Code of 1986, as amended (the “Code”). If you are not a US person and
For current prices, please contact your advisor. Unless otherwise agreed, are exempt from this withholding, you must complete and return to us an
we will be responsible for preparing and transmitting confirmations. appropriate W-8.

You will receive a written confirmation of every transaction after your Your Advisor is responsible for the review and supervision of, and the
order is executed. This confirmation contains information concerning your suitability of any investment you make. Your advisor is responsible for
transaction, such as the quantity and name of the security, net cost or ensuring that all transactions in and all activities relating to all of your
proceeds, commission, and any taxes and fees, and whether the trade is a accounts will be in compliance with all applicable laws, rules and
principal or agency transaction. It is important that you familiarize yourself regulations of the United States, applicable states, governmental agencies,
with the symbols on your confirmation. Should you have any questions securities exchanges and FINRA relating to your advisor’s fiduciary
concerning any of the symbols, do not hesitate to contact your advisor. The responsibilities to you.
confirmation contains the complete terms of the trade, and the terms are
final unless a written objection is made within two days after receipt of the CASH ACCOUNT: The most common type of account is a cash account
confirmation. The confirmation terms cannot be changed orally. Should that we call Type 1. In this type of account, there is no extension of credit
the confirmation be delayed for any reason, you are still obligated to meet made in connection with any purchase, you pay in full for any security that
your commitment to pay or deliver the security by the settlement date of you purchase. Regulation T and certain SEC rules make it necessary to
the transaction. You may elect to have your statements and confirmations settle the purchase or sale of securities usually on the second business day
delivered to you electronically. If you choose this option, you may revoke after the transaction (the settlement date). When a security is purchased for
your consent to deliver documents electronically at any time. your account, we must pay the selling broker on the settlement date, and
when a security is sold for your account, we must deliver the security on
While we make every effort to transmit reports of transactions accurately, the settlement date. You and your advisor are responsible for compliance
errors do occasionally occur, especially during periods of heavy volume. with Regulation T. When you buy a security, we must receive prompt
If you find an error on your confirmation, you should notify your advisor payment by Automated Clearing House (“ACH”) transfer, personal check,
immediately so that corrective action can be taken. We cannot be held or wire payable to Apex Clearing Corporation if sufficient funds to buy the
responsible for the price as reported to you if your order was executed at security are not present in your account. Your advisor is able to tell you the
another price. Furthermore, we cannot be held responsible for reports of exact amount that is due shortly after the purchase. We will deliver
transactions, which have not, in fact, occurred. As soon as an error is confirmation of the transaction to you reasonably soon after your order is
discovered, we will correct information reported to you as expeditiously as executed. Since purchases must be paid for within two business days, you
possible. It is important that you retain your confirmation for tax reporting should not await the arrival of the confirmation before payment. In the
purposes. Your sale confirmation should be retained along with the event that payment for securities is not received promptly, Regulation T
corresponding purchase confirmation, as evidence of the gain or loss on requires that your securities be liquidated. You will be responsible for any
that particular transaction that you reported for tax purposes. Finally, your resulting deficiency or loss.
confirmation should be retained for all bearer securities in the event that
they are needed as proof of ownership at some later date. When you sell a security, it is essential that you deliver the security to us
promptly because the proceeds of a sale cannot be paid to you until the
In addition to your confirmations, you will periodically receive a statement, settlement date, and then only if we have received your security in good
showing the securities and cash held for your account and any activity that deliverable form. We will, in turn, be able to deliver a fully negotiable
has taken place since the preceding statement. Your statement also reflects security to the purchaser’s broker. If we do not receive the securities that
any dividends or interest payments that we have credited on the securities you sold by the settlement date, we are required to purchase the securities
in your account. If you have a margin account with us in which there is a in the open market within a reasonable amount of time. Again, you will be
debit balance, the interest charged to that account also appears on your responsible for any resulting deficiency or loss. The proceeds of a sale will
statement. We are required by law to report dividends and interest credited either be retained in your account, or if you request, sales proceeds may be
to you to the Internal Revenue Service. Therefore, you should retain these sent to you.
statements for tax purposes. You will receive a Form 1099 from us
confirming the income and sales proceeds reported to the Internal Revenue In the event that you are delivering certificates in connection with a sale or
Service. for safekeeping, your certificates are in good deliverable form if you either:
ACCEPTANCE OF ORDERS AND EXECUTION OF 1. Sign your name on the back of the certificate exactly as it appears on
TRANSACTIONS: Orders received by us from your advisor will be the front (both parties must sign if registered jointly); or
executed by us. If your advisor furnishes us with erroneous or incomplete
information concerning an order, we are not responsible for any losses that
might result. Your advisor is responsible for the authenticity of all orders.

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 350 N St. Paul Street
Suite 1300
Dallas, TX 75201
apexclearing.com

2. Sign a stock power form, which may be obtained from your advisor. determine, you may receive a notice of a margin call requiring you to
Do not endorse the certificate itself when you use a stock power. The deposit additional cash or collateral. If you fail to meet a margin call, we
advantage of a stock power is that it may be mailed or delivered may liquidate securities positions in your account in order to satisfy the
separately from the certificate, giving additional protection in the event requirements of the call. Market conditions often make it impractical for
the certificate is lost in transit. us to send you notice of a margin call, as the volatility of the market may
require immediate action on our part. In such cases, failure to send such
Unless you give instructions to the contrary, we will hold your securities notice will not affect its validity. Furthermore, prior notices of a margin
in your account in street name. call should not be construed as a waiver of our right to take immediate
action in your account to protect our interest at some future date, without
INTEREST ON CASH BALANCES: From time to time whenchanging giving notice of a margin call. The foregoing procedures are followed in
investments through your advisor, you may have a cash balance in your substantially all cases; however, a decision as to whether to make a margin
account. We may, at our discretion, pay interest on free credit balances call and whether to sell the securities of a customer who does not respond
carried in your account. The rate that is paid on free credit balances is based promptly to a margin call may be made on an individual basis, taking into
upon free credit rates provided by us and may be adjusted by your advisor. account the circumstances of the individual customer, market conditions,
Current interest rates are available from your advisor. the size of the debit balance and other similar factors.

MARGIN ACCOUNT: One of the services we may provide to customers A short sale is a transaction in which you sell a security that you do not
is to permit you to maintain a margin account and purchase securities on own. We borrow the security on your behalf for delivery to the purchaser.
credit. A margin account involves an extension of credit in connection with The credit that appears on your statement due to a short sale (including a
the purchase of a security. Margin is the amount which you pay when you sale against the box, which is a short sale with securities held long in your
use our credit to purchase a security. At the time you open a margin account) is offset by a debit of a like amount since we have to provide
account, you must furnish your advisor with the information usually collateral for the borrowed security. In fact, it is not a true credit. The credit
obtained for all other accounts as well as a signed Customer Margin and generated by any short sale does not reduce your debit balance for the
Short Account Agreement, which includes a consent to loan securities purpose of computing interest until the short position is covered. It should
form that enables us to pledge or lend securities carried for your account. always be remembered that your short credit may be reduced substantially
or possibly lost altogether when you cover your short position by
Margin requirements are twofold. First, there is an initial margin purchasing the security. There are special margin requirements on a short
requirement at the time of purchase; thereafter, there is a minimum margin sale. SEC rules presently require maintenance margin on a short sale to be
equity that must be maintained in your account. In most cases, the the greater of 30% of the market value of the security or $5.00 per share
minimum amount due for initial purchases is established by the Federal when it sells at $5.00 or higher, and a somewhat higher percentage for
Reserve Board in accordance with Regulation T. This requirement is securities selling below that price. If the security that you sold short
expressed as a percentage of the purchase price and it may change from appreciates in market price over the selling price, interest will be charged
time to time. For example, if the margin requirement is 50%, you are only on the appreciation in value. If the security that you sold short depreciates
required to deposit half of the purchase amount due. The balance due on in market price, interest on any debit balance in your account will be
the purchase will be loaned to you by us, and your account will be debited reduced in relation to the depreciation in value. The daily closing price is
this amount. You are required to pay interest on the debit balance as on any used to determine any appreciation or depreciation of the security sold
other loan. Not all securities are eligible for margin. You should confirm short (this practice is known as marking-to-the-market).
with your advisor prior to any transaction that securities you intend to
purchase may be used as collateral for a margin loan. The securities, which It is important that you understand the nature of the debit balance in your
you buy on margin, are held by us and are collateral for your debt. account and how it is computed. A debit balance represents money which
Although we retain your securities as collateral, you receive credit for all we have loaned to you. As previously noted, when you purchase securities
dividends or interest, and you may direct your advisor to sell or vote your on margin, you must pay the amount of money required by Regulation T
stock, as you wish, so long as your account is in good order. The settlement and the balance of the purchase price is loaned to you by us. It is this loan
date for purchase and sale of most securities made in margin accounts is portion which is called the debit balance and upon which interest is
two business days following the transaction. charged. Each additional purchase made on margin increases your debit
balance, as do other charges which are assessed against your account
In addition to the initial margin requirements of the Federal Reserve Board, (including interest charges).
the SEC requires a customer opening a margin account to have a minimum
initial equity of $2,000 in such margin account. For example, if your initial Every security in each of your accounts is collateral for any debit balance
purchase of securities costs $2,400, you will have to deposit $2,000 rather in any of your accounts carried by us. All securities which we may at any
than the $1,200 required by the Federal Reserve Board (assuming the time be carrying for you or which may be in our possession are subject to
Regulation T requirement is 50%). The SEC also sets minimum margin a general lien for the discharge of your indebtedness and other obligations
maintenance requirements. If the equity in your account falls below the to us, without regard to our having made advances in connection with such
minimum margin requirement due to a decline in the market value of the securities and without regard to the number of accounts you have with us.
securities in your account, it will be necessary for you to deposit additional This lien is equal to the amount of money or other obligations that you owe
marginable securities or make a cash payment to reduce your loan balance. us. In enforcing this lien, we may, at our discretion, select the securities to
For other types of securities, such as bonds, there may be a somewhat be sold in your accounts to reduce or entirely liquidate any debit balance
higher or lower maintenance requirement, depending on the security. in your accounts.
EXTENSION OF CREDIT: At the time of opening of each margin
In accordance with the terms of the Customer Margin and Short account, your advisor will furnish us with a properly executed Apex
Account Agreement, our maintenance requirements may change at any Customer Margin and Short Account Agreement. Until we have been
time without notice. We may, at our discretion, also require a higher furnished with this agreement, we may, in our sole discretion, rebook any
margin or maintenance if we deem it necessary for any reason, such as a transaction as a cash transaction, liquidate your account or take any other
case where there is a concentration in a particular security or type of action we may deem necessary. You are responsible for assuring that you
security. If your equity falls below our maintenance requirements as they make payment of all initial margin requirements and of all amounts
may be changed from time to time, or such earlier time as we may

Revised 11/2020 RIACIB2020

 350 N St. Paul Street
Suite 1300
Dallas, TX 75201
apexclearing.com

necessary to meet subsequent maintenance calls in each of your accounts Since option contracts are traded for a specified period of time and have no
in order to ensure compliance with Federal Reserve Regulation T and our value upon expiration, you must advise your advisor if you wish to close
rules. Your advisor may collect such payments on our behalf, or you may your position, or you may exercise the option prior to the expiration date.
make them directly to us. Your advisor is responsible for advising you of When you own an option that is about to expire in the money, we may, in
any changes in our margin requirements, and for your payment of any our sole discretion and without notification to you, exercise the option and
additional margin necessary to ensure compliance with any increased liquidate the underlying security. This is in no way to be construed as an
requirements. obligation on our part to sell or exercise such options on your behalf.
Where the term option is used, this reflects all options including, but not
INTEREST CHARGES IN MARGIN ACCOUNTS: The annual rate of limited to, index options and interest rate options.
interest which we charge on your average net debit balance is determined
by your advisor. Contact your advisor directly with questions regarding the ALLOCATION OF OPTION EXERCISE ASSIGNMENT
interest rate your account is subject to. NOTICES: When we receive an exercise notice from the Options Clearing
Corporation, we assign the notice to a customer who is a writer of an
HOW INTEREST IS CALCULATED: Interest on margin accounts is identical option contract. Exercise assignment notices for option contracts
computed on a daily average basis on the net debit balances. Each day’s are allocated among customer short positions pursuant to a manual
debit balance is accumulated into a monthly total. The total debit balance procedure, which randomly selects from among all customer short option
in the period is then averaged to determine the debit balance on which positions, including positions established on the day of assignment, those
interest is charged. An offsetting credit balance in a cash account serves to contracts which are subject to exercise. All short American option
reduce this total. The normal interest period ends on the 15th day of the positions are liable for assignment at any time. A more detailed description
month and the last day of the year. Interest is computed by multiplying the of our random allocation procedure is available upon request. If, for
average daily debit balance by the average interest rate (1/360 of the annual example, an exercise notice is assigned to your account, you must deliver
interest rate) times the number of days in the interest period. If during any the underlying security to us in the case of a call, and you must deposit
interest period there is a change in interest rates applicable to your account, cash with us in the case of a put sufficient to properly margin the security
interest charges at the different rates will not be averaged to determine the within a stated period of time.
rate of interest to be charged on the debit balance. A statement of your
account prepared by us showing money and security positions will be sent BULK SEGREGATION AND CALLABLE SECURITIES: Securities
to you at least quarterly, unless there was activity during the quarter. In are maintained in our custody for your benefit under a method known as
such case, a statement will also be sent you for the month during which the bulk segregation. Under this method, securities are not specifically
activity occurred. The statement discloses the daily ending balance on any assigned to each security account, but are held in bulk for all customer
date there is an entry in your account, the rate of interest charged, and the positions. You enjoy all rights and privileges of beneficial ownership under
amount of interest charged for the period. the bulk segregation system, and you may request possession of those your
securities at any time. It should also be noted that we are a member of
OPTION ACCOUNTS: When you open an option account you will be various clearing facilities such as NSCC / DTCC, and portions of the
required to sign an Option Agreement in which you acknowledge your securities held in safekeeping by us are on deposit in bulk segregation form
understanding of the risks involved in dealing in options. You will be with such depositories.
required to furnish financial information and a statement of your Certain bonds and stocks (“Callable Securities”) under Apex’s control are
investment objectives. If your financial situation or your investment callable by the issuer for redemption on or after a certain date. According
objectives change, you should notify your advisor immediately. Notice to to the terms of the issue, the issuer may at times call only a portion of a
your advisor, however, will not bind us, and we may continue to accept certain issue. In the event of a partial early redemption of callable
orders for your account unless and until you notify us to no longer accept securities, we will choose the securities to be redeemed on a fair and
instructions from your advisor. impartial basis. Specifically, allocation will be made using a random
selection method. Therefore, it is possible that a customer owning such an
Before purchasing or selling (writing) an option, you should be aware of issue may have all, part or none of the customer’s holdings redeemed. You
the risks involved. You should familiarize yourself with the index or the have the right to withdraw fully paid securities from us at any time prior to
business and financial condition of the issuer of the underlying security and a partial call and also to withdraw excess margin securities provided that
decide whether the option transaction is appropriate in light of your your account is not subject to a restriction under federal regulations and
financial situation, investment objectives and tax considerations. Both the provided such withdrawal will not cause your account to be under
purchase and sale (writing) of put and call options involve a high degree of margined. For your reference, details of our allocation procedure has been
risk and are not suitable for all investors. You should not purchase an posted to our website at http://www.apexclearing.com/ and may also be
option unless you are able to sustain a total loss of the premium (cost of obtained in hard copy upon request.
the option) and the other costs of purchasing the option, and you should
not sell (write) an option unless you either own the underlying security or SAFEGUARDING YOUR SECURITIES: If you leave your securities
are in a position to assume the substantial risks inherent in writing naked on deposit with us, they will be held in a vault or deposited with NSCC /
options. DTCC or another approved bank or clearing agency. We maintain
insurance coverage to protect your securities from any form of casualty
When you purchase an option, you must pay the full premium, as an option loss.
purchase cannot be margined. There are, however, special margin
requirements governing the sale of options, which you should familiarize SIPC COVERAGE: As a member of the Securities Investor Protection
yourself with before commencing an option writing program. We have Corporation (SIPC), funds are available to meet customer claims up to a
very stringent rules regarding short options. Complete details on these rules ceiling of $500,000, including a maximum of $250,000 for each cash
and the margin requirements for options are available to you through your claim. For additional information regarding SIPC coverage, including a
advisor. When you purchase an option, we must pay the selling broker on brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.
the day after the transaction; therefore, your payment is due on that date. Additionally, Apex has arranged for coverage above the SIPC limits.
Your advisor is able to tell you the amount you owe on the day of the Additional insurance does not protect against a loss in the market value of
transaction. securities

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 350 N St. Paul Street
Suite 1300
Dallas, TX 75201
apexclearing.com

BUSINESS CONTINUITY PLAN: As a clearing firm, we have

developed a Disaster Recovery (“D/R”) Plan to reasonably ensure business
continuity. In connection with accomplishing business continuity, we have
established a remotely independent D/R Site as a major component of our
D/R Plan. This Site has the resources in place to operate and maintain
business critical processes in the event that our offices cannot be occupied
due to, for example, a natural disaster or a terrorist attack whether or not
such event affects only us or is regional in scope. The D/R Plan
contemplates restoration of certain critical processes within a twenty-four
hour time span. Please note that the specifics of our D/R Plan are subject
to modification. To obtain a copy of the most current D/R Plan visit our
website link at: https://www.apexclearing.com/business-continuity-plan/

INTEREST AND OTHER FEES: We reserve the right to charge

interest: (1) on payments to you before the settlement date on securities
sold; (2) on payments to you for securities sold where good delivery of
securities has not been made; and (3) when payment has not been received
from you on or before the settlement date of securities purchased. We also
may charge an annual maintenance fee and other fees as agreed upon with
your advisor or as independently established by us. All of the above fees
are subject to change without notice.

AGENCY AND PRINCIPAL TRANSACTIONS: Many stocks and

bonds are not traded in what is known as the over-the- counter market
(“OTC”), not a securities exchange. When you trade a security in this
market, we may act as agent or as principal. The confirmation you receive
from us will designate whether we acted as principal or agent. When we
act as principal, we are selling securities to you which we either own or
expect to buy shortly, or are buying securities from you for our own
account, and only net costs or proceeds are shown on your confirmation.
When we act in agency capacity for you in purchasing or selling securities
in the OTC market, we are dealing on your behalf with another broker-
dealer or their customer.

PRIVACY POLICY: We are carrying your account as a clearing broker-

dealer by arrangement with your advisor. We understand that privacy is
an important issue for customers of advisors. It is our policy to respect the
privacy of all customer accounts that we maintain as a clearing broker-
dealer and to protect the security and confidentiality of non-public personal
information relating to those customer accounts. Please note that this
policy applies to former customers as well as current customers. For your
reference, this policy has been posted to our website at
www.apexclearing.com. For more information relating to our privacy
policy, please contact Apex Clearing Corporation at 350 N. St. Paul, Suite
1300 Dallas, TX 75201.

FINRA: FINRA has jurisdiction over virtually every U.S. registered

brokerage firm and its employees. To request an informational brochure or
inquire about us, visit their website at www.finra.org or call (301) 590-
6500.

CONCLUSION: The discussion in this brochure is not exhaustive of all

facts of your account. If you have any questions, we urge you to consult
with your advisor, as well as your accountant, lawyer and other advisers
concerning your account and securities trading in general.

Revised 11/2020 RIACIB2020

 Apex Clearing Corporation
350 N. St. Paul Street 1300
Dallas, TX 75201
T
N

March 1, 2024 - March 31, 2024

E
M

PAGE 1 OF 11

ACCOUNT NUMBER 2IT-05352-12 RR HHA

E
T

FELIPE CARPIO
A
T

FELIPE CARPIO
Y o u r Re gi st e r e d R e p r e s en t a ti ve
S

JIRON EL GRECO 246

HAPI
DPTO 102
15037 LIMA
PERU
T

Y o u r A c co un t I ns t r u c ti o ns
Hold Securities in Account
N

Hold Proceeds
U
O
C
C

OPENING BALANCE CLOSING BALANCE

A

NET ACCOUNT BALANCE $0.00 $0.00

FDIC Insured Deposits 0.00 1,000.34
Securities 0.00 998.97
TOTAL PRICED PORTFOLIO 0.00 1,999.31

Total Equity Holdings $0.00 $1,999.31

Equities
FDIC Insured Deposits 49.966%
50.034%

See Reverse Side for Important Tax Information. This statement shall be conclusive if not objected to in
writing within ten days. Errors and omissions excepted. Please address all communications to the firm and not to individuals.
Address changes or other material changes on your account should be directed to the office servicing your account. Kindly
mention your account number. This statement should be retained for income tax purposes.
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DESCRIPTION LOCATION BANK BALANCE

Ally Bank Charlotte, NC $9.26
Total FDIC Insured Bank Deposits $9.26
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FDIC Insured Deposits are held by respective banks, not Apex Clearing Corporation. Bank Balances included on this statement are provided by the banks. Apex Clearing Corporation is not responsible for the accuracy of this
information. Balances are insured up to $250,000 ($250,000 for self-directed retirement accounts like IRAs) per bank, subject to the combined total of all your deposits at a specific bank, including deposits at these
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banks that you may have made outside this account. Please refer to the Apex FDIC-Insured Sweep Program Terms and Conditions for more details concerning insurance coverage. For questions concerning your bank
balances, please contact your registered representative. The cash balance of your FDIC Insured Deposit is accurately set forth on page 1 of this statement.
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NOTE: Occasionally, Apex FDIC-Insured Sweep Program's banks ("Program Banks") may be added or removed from the Participating Bank List, which is available on Apex's website. Apex will, to the extent possible, update
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the Participating Bank List, with any added Program Banks at least 30 calendar days before making deposits. If a Program Bank is removed from Apex FDIC-Insured Sweep Program (the "Program"), it will no longer be able
to receive sweeps of your excess cash balance. If any of your excess cash balance is at a Program Bank that is removed from the Program, Apex will transfer those funds into another Program Bank still in the Program or
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into your Apex Account, at Apex's discretion. You may contact your broker to specify any Program Banks into which you do not wish your excess cash balance to be swept. Please note that if there are insufficient Program
Banks available in the Program, taking into account any from which you have opted out, such that not all of your excess cash balance can be spread among Program Banks to ensure FDIC coverage, then some or all of your
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excess cash balance may remain dormant in your Apex Account or may be deposited at a Program Bank but not covered by FDIC insurance. You may obtain additional information on each Program Bank at www.fdic.gov.

You are solely responsible for monitoring the total amount of your assets on deposit with each Program Bank (including non-Program funds and accounts) in order to determine the extent of FDIC insurance
coverage available to you on those deposits, including Program deposits. Apex shall not take into account any money you have on deposit at a Program Bank outside of the Program.

A current Apex FDIC-Insured Sweep Program Bank List and Apex FDIC-Insured Sweep Program Terms and Conditions may be found at https:/apexclearing.com/disclosures/
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SYMBOL/ ACCOUNT MARKET LAST PERIOD'S EST. ANNUAL % OF TOTAL

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DESCRIPTION CUSIP TYPE QUANTITY PRICE VALUE MARKET VALUE % CHANGE INCOME PORTFOLIO

F DI C I N S U RE D D E P O S I T S
THE INSURED DEPOSIT PROGRAM ISPAZ C 1,000.34 $1.00 $1,000.34 N/A 50.034%
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Total FDIC Insured Deposits $1,000.34 50.034%

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FDIC Insured Deposits are not covered by SIPC and are held by respective banks, not Apex Clearing Corporation. Bank balances included on this statement are provided by the banks. Apex
Clearing Corporation is not responsible for the accuracy of this information. Balances at each bank, including deposits at the bank that you may have made outside this account, are insured up to
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$250,000 per account ownership type ($250,000 for self-directed retirement accounts like IRAs) by the Federal Deposit Insurance Corporation ("FDIC"). You are responsible for monitoring the total
of your deposits maintained at each bank in order to determine the extent of your FDIC coverage at each bank. Please refer to the Apex FDIC-Insured Sweep Program Terms and Conditions
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information statement for more details concerning insurance coverage. For questions concerning your bank balances, please contact your registered representative. The cash balance of your FDIC
Insured Deposits is accurately set forth on page 1 of this statement.
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E Q U I T I E S / OP T I O N S
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META PLATFORMS INC META C 0.20247 $485.58 $98.32 N/A 4.918%

CLASS A COMMON STOCK
NVIDIA CORP NVDA C 0.67568 903.56 610.52 N/A 30.537
ROYAL CARIBBEAN GROUP RCL C 0.75691 139.01 105.22 N/A 5.263
COMMON STOCK
SUPER MICRO COMPUTER INC SMCI C 0.09354 1,010.03 94.48 N/A 4.726
COMMON STOCK
SPDR S&P 500 ETF TRUST SPY C 0.17288 523.07 90.43 N/A 1 4.523
Total Equities $998.97 $1 49.966%
TOTAL PRICED PORTFOLIO $1,999.31 $1
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ACCOUNT
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TRANSACTION DATE TYPE DESCRIPTION QUANTITY PRICE DEBIT CREDIT

B U Y / S EL L T R A NS A C T I O N S
BOUGHT 03/15/24 C META PLATFORMS INC 0.20247 $493.8905 $100.15
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CLASS A COMMON STOCK

CUSIP: 30303M102
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BOUGHT 03/15/24 C NVIDIA CORP 0.67568 887.9895 600.15

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CUSIP: 67066G104
BOUGHT 03/15/24 C ROYAL CARIBBEAN GROUP 0.75691 132.1145 100.15
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COMMON STOCK
CUSIP: V7780T103
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BOUGHT 03/27/24 C SUPER MICRO COMPUTER INC 0.09354 1,069 100.14

COMMON STOCK
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CUSIP: 86800U104
BOUGHT 03/27/24 C SPDR S&P 500 ETF TRUST 0.17288 520.5677 90.15
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PRODUCT DESCRIPTION UNDER

SEPARATE COVER
CUSIP: 78462F103
Total Buy / Sell Transactions $990.74

F U N DS P A I D A ND RE C EI V E D
JOURNAL 03/12/24 C Journal from $1,000.00
HAPI
******c085
SEN(20240312317737)
JOURNAL 03/27/24 C Journal from 991.08
HAPI
******c085
SEN(20240327094126)
Total Funds Paid And Received $1,991.08
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TRADE SETTLEMENT ACCOUNT

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TRANSACTION DATE DATE TYPE DESCRIPTION QUANTITY PRICE DEBIT CREDIT

BOUGHT 03/27/24 04/01/24 C SPDR S&P 500 ETF TRUST 1.17238 $520.3078 $610.15
PRODUCT DESCRIPTION UNDER
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SEPARATE COVER
CUSIP: 78462F103
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Total Executed Trades Pending Settlement $610.15

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Please contact your Registered Representative for your current APY.

TRANSACTION CASH
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DATE ACTIVITY DESCRIPTION AMOUNT DEBIT CREDIT BALANCE

THE INSURED DEPOSIT PROGRAM

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Opening Balance 0.00

03/13/24 SWEEP THE INSURED DEPOSIT PROGRAM 1,000 1,000.00 1,000.00

FROM CASH ACCOUNT BALANCE
03/15/24 SWEEP THE INSURED DEPOSIT PROGRAM -800.45 800.45 199.55
FUNDS REDEEMED
03/27/24 SWEEP THE INSURED DEPOSIT PROGRAM -190.29 190.29 9.26
FUNDS REDEEMED
03/28/24 SWEEP THE INSURED DEPOSIT PROGRAM 991.08 991.08 1,000.34
FROM CASH ACCOUNT BALANCE
Closing Balance 1,000.34
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IMPORTANT INFORMATION
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Effective May 6th, Apex is updating the terms and conditions of FDIC Insured Deposit Sweep Program to make certain clarifications regarding applicability of insurance coverage, potential
conflicts of interest and to update the hyperlinks to the Participating Bank List. If you have any questions, would like to exclude any of participating bank(s) from receiving your free credit
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balances (also referred to as excess cash), or would like to remove your account from participation in the FDIC Insured Deposit Sweep Program, please contact your broker.
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Statement of Financial Condition

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A copy of Apex Clearing Corporation's Unaudited Statement of Financial Condition as of June 30, 2023 is available on the website at https://apexfintechsolutions.com/legal/disclosures/. A
copy may also be obtained at no cost by calling Apex Clearing Corporation. As of June 30, 2023, Apex Clearing Corporation had a net capital of $425,879,816 and was $394,823,096 in
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excess of its required net capital of $31,056,720. As of July 31, 2023, Apex Clearing Corporation had a net capital of $417,093,251 and was $386,104,362 in excess of its required net
capital of $30,988,889.
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Apex's Policy for Dividends and Interest

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Apex's policy is to pay all dividends and interest in US Dollars. Apex will allow the following countries to be paid in their foreign currency (Canadian Dollars, British Pounds, Euros, Argentine
Peso, Chinese Renminbi, Korean Won, Philippine Peso and Brazilian Real).
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Participation in Fully Paid Lending Program

Customers participating in the Fully-Paid Securities Lending Program should be aware that shares on loan are not covered by FDIC or SIPC. Cash securities collateralizing shares are held at JP
Morgan Chase & Co. and not subject to FDIC or SIPC protections. Please consult the Master Securities Lending Agreement for additional information.

Information Regarding Cost Basis for Foreign Account Statements

Foreign Currency: Cost basis is required to be reported in U.S. dollars for tax purposes. It is the responsibility of the account holder to convert sales proceeds paid in foreign currency to U.S.
dollars to avoid inaccurate cost basis calculations. When reporting the purchase or sale, you must determine the U.S. dollar amounts to be reported as of the settlement date, at the spot rate
or by following a reasonable spot rate convention. See Regulations section 1.6045-1(d)(8).

Payment of Interest to holders of Municipal Securities - you may be subject to a substitute interest payment if the transfer of ownership of your municipal security has not been
completed prior to the next interest payment. Please contact a tax professional for more specific details.

IMPORTANT INFORMATIO N

To our valued customers:

FINRA Rule 2231 requires that we advise you to promptly report any inaccuracy or discrepancy in your account (within 10 days after available) to your brokerage firm and clearing firm (where
these are different firms) and to re-confirm any oral communications in writing.
https://www.finra.org/rules-guidance/notices/06-72
"IMPORTANT - Part of your distribution includes a return of capital. Any distribution that represents a return of capital reduces the estimated per share value shown on your account
statement."
The preceding notice is required when reporting distributions on Direct Participation Programs and/or REITs and is subject to the DPP or REIT sponsor's final capital return determination as
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ANNOUNCEMENTS (CONTINUED)
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detailed in the IRS Form 1099 or K-1, as applicable.

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Alternative or Other Investments, DPP, and Unlisted securities are not listed on a national securities exchange, are generally illiquid and that, even if a customer is able to sell the securities,
the price received may be less than the per share estimated value provided in the account. The evaluation method used for any particular DPP or REIT will be provided to clients upon request.
Certain positions are not held on Apex's books or custodied by Apex and are not Protected by SIPC.
Pursuant to SEC Rule 606, Apex Clearing Corporation is required to make publicly available a quarterly report with regard to its routing of non-directed orders. For the purpose of this Rule, we
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have entered into an agreement with Quantum5 Market Surveillance (a Division of S3 Matching Technologies) to disclose all required information pertaining to this rule. This information can
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be accessed on the internet at: http://public.s3.com/rule606/apex/, or a written copy will be furnished at no cost upon request via telephone to (214) 765-1009.
SEC Rule 606 (b) requires a broker-dealer to disclose to its customers, upon request, "the identity of the venue to which the customer's orders were routed for execution in the six months prior
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to the request, whether the orders were directed orders or non-directed orders, and the time of the transactions, if any, that resulted from such orders."
In accordance with the Emergency Economic Stabilization Act of 2008 broker-dealers are required to track and report cost basis to the IRS in three phases over the next three years.
jEquity securities acquired on or after January 1, 2011
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jMutual fund and dividend reinvestment plan (DRIP) shares acquired on or after January 1, 2012:
jDebit securities, options, and all other financial instruments acquired on or after January 1, 2014. (The IRS has extended this date from the previously announced date of January 1, 2013.)
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Beginning this upcoming tax reporting season the cost basis of any covered equity security transaction (purchased after 12/31/10) that is required to be reported on a 1099-B will include its
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associated cost basis. If you have any questions about this important change to the IRS mandated reporting requirements, please contact your broker-dealer or registered advisor.
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IMPORTANT INFORMATION CONTINUED

Please take note of the following description of Apex Clearing Corporation's excess SIPC coverage, which reflects certain changes made to the coverage effective August 8, 2013. The
Securities Investor Protection Corporation (×SIPCÖ) protects certain customer funds up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. Please note SIPC does
not cover commodity contracts and options on futures. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit
www.sipc.org.
Apex has purchased an additional insurance policy to supplement SIPC protection. This additional insurance policy, widely known as ×excess SIPC,Ö becomes available to customers in the
event that SIPC limits are exhausted. This additional insurance provides protection for securities and cash up to an aggregate limit of $150 million, subject to sub-limits for any one
customer of $37.5 million for securities and $900,000 for cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. For
additional information, please contact your broker.

FDIC SWEEP PROGRAM

For customers with balances in a bank deposit account as part of the Apex FDIC-Insured Sweep Program or shares of a money market mutual fund in which you have a beneficial interest,
those balances or shares may be liquidated on your order and the proceeds returned to your account or remitted to you in accordance with the applicable prospectus and/or Terms and
Conditions of the program.

For customers participating in the Apex FDIC-Insured Sweep Program, the Apex FDIC-Insured Sweep Program allows your cash balance to be eligible for insurance protection through the FDIC
up to the maximum applicable insurance limits. Customers may obtain information about FDIC, by contacting the FDIC at 1-877-275-3342, 1-800-925-4618 (TDD) or by visiting www.fdic.gov.
Deposit Account balances in the Apex FDIC-Insured Sweep Program are not protected by SIPC or any other excess coverage by Apex Clearing Corporation. Deposit Account balances are
protected as established by current applicable laws regulated by the FDIC.
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ANNOUNCEMENTS (CONTINUED)
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NOTE: Occasionally, Apex FDIC-Insured Sweep Program's banks ("Program Banks") may be added or removed from the Participating Bank List, which is available on Apex's website. Apex will,
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to the extent possible, update the Participating Bank List, with any added Program Banks at least 30 calendar days before making deposits. If a Program Bank is removed from Apex
FDIC-Insured Sweep Program (the "Program"), it will no longer be able to receive sweeps of your excess cash balance. If any of your excess cash balance is at a Program Bank that is removed
from the Program, Apex will transfer those funds into another Program Bank still in the Program or into your Apex Account, at Apex's discretion. You may contact your broker to specify any
Program Banks into which you do not wish your excess cash balance to be swept. Please note that if there are insufficient Program Banks available in the Program, taking into account any
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from which you have opted out, such that not all of your excess cash balance can be spread among Program Banks to ensure FDIC coverage, then some or all of your excess cash balance may
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remain dormant in your Apex Account or may be deposited at a Program Bank but not covered by FDIC insurance. You may obtain additional information on each Program Bank at
www.fdic.gov.
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You are solely responsible for monitoring the total amount of your assets on deposit with each Program Bank (including non-Program funds and accounts) in order to determine the extent of
FDIC insurance coverage available to you on those deposits, including Program deposits. Apex shall not take into account any money you have on deposit at a Program Bank outside of the
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Program.
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A current Apex FDIC-Insured Sweep Program Bank List and Apex FDIC-Insured Sweep Program Terms and Conditions may be found at https:/apexclearing.com/disclosures/
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IMPORTANT INFORMATION
APEX CLEARING CORPORATION DISCLOSURE STATEMENT

Apex Clearing Corporation ("Apex") recognizes the importance of providing information on an ongoing basis to the customers whose accounts are cleared through Apex. Your broker/dealer has
designated Apex as its clearing firm. In accordance with industry rules and regulations, Apex is required to disclose on an annual basis certain important regulatory notices and disclosures. To
comply with these requirements, Apex has published an Annual Disclosure Statement which is available on the Apex corporate web site, www.apexclearing.com. For customers who do not
have access to the internet please call Apex at 214-765-1009 and request a complete copy of the Annual Disclosure Statement be mailed to your address of record.
A brief summary of the content of the Annual Disclosure Statement is as follows:
j Anti-Money Laundering - Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
j Privacy Policy - The privacy of customers is a responsibility which Apex respects and protects for former customers as well as current customers.
j Margin Disclosure Statement: FINRA Rule 2264 - The Information furnished provides basic facts about purchasing securities on margin and alerts customers of certain risks
involved in trading securities in a margin account.
j Day-Trading Risk Disclosure Statement: FINRA Rule 2270 - Information to be considered before engaging in a day-trading strategy.
j Business Continuity Plan: FINRA Rule 4370 - A further summary of Apex's Disaster Recovery Plan to reasonable ensure business continuity.
j SEC Rule 606 and 607 (Payment for Order Flow and Order Routing information) - (Rule 606) Requires Apex to make public a quarterly report with regard to routing of
non-directed orders and (Rule 607) Requires Apex to disclose its payment for order flow practices.
j SEC Rule 10b-10 - Requires customers are provided with prior written notification of certain transactions that are not reported immediately through a trade confirmation.
j SIPC Information: FINRA Rule 2266 - The Securities Investor Protection Corporation ("SIPC") requires that funds are available to meet customer claims up to a ceiling of
$500,000, including a maximum of $250,000 for cash claims. For more information about SIPC coverage or to receive a brochure, please visit the SIPC website at www.sipc.org
or, call (202) 371-8300.
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j Investor Education and Protection: FINRA Rule 2267 - Requires Apex to provide information about FINRA's BrokerCheck program. The investor brochure may be obtained from
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FINRA BrokerCHeck hotline number (800) 289-9999 or the FINRA web site address www.FINRA.org.
j Joint NASD Industry Breakpoint Task Force - A further summary of a July 2003 report which recommends written disclosure regarding mutual fund breakpoints.
j Carrying Agreements: FINRA Rule 4311 - The firm with which you have opened your securities account has retained Apex to provide certain record keeping, clearance, and
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settlement functions. A further summary of details is disclosed.

j Extended Hours Trading Risk Disclosure: FINRA Rule 2265 - Risks to consider include lower liquidity, higher volatility, changing prices, unlinked markets, news announcements,
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wider spreads, and lack of calculation.

j Liens and Levies - Apex will abide by the directions of federal, state, or other levying authorities.
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j Regulation E - Disclosure regarding certain electronic transfers is required under the provisions of this regulation as issued by the Board of Governors of the Federal Reserve
System.
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j Municipal Securities Rulemaking Board ("MSRB") Rule G-10 requires an annual notification that 1) Apex Clearing Corporation is registered with the U.S. Securities and Exchange
Commission and the Municipal Securities Rulemaking Board, 2) the MSRB publishes an investor brochure that is published on their website that describes the protections that may be
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provided by the MSRB and how to file a complaint with the regulatory authorities and 3) a copy of the MSRB Investor Brochure as well as information regarding prospective, new and
existing MSRB rules may be found on the MSRB website by going to the following link: http://www.msrb.org/,
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IMPORTANT INFORMATION - Privacy Policy

APEX has launched its new Global Class Actions Asset Recovery Program. This Service automatically processes all proof of claim forms when a security in your account is eligible for
participation in a class action lawsuit. Any proceeds from the Class Action Service will be subsequently deposited into your account. Your account will automatically be enrolled in the Class
Action Service as of June 1, 2024. An administration fee of 20% will be deducted from any class action settlement funds prior to the deposit of proceeds into your account. If you would like
your claim to be filed on your behalf, no action is needed. If, at any time, you do not wish to participate in the Class Actions Service, you may choose to un-enroll by reaching out to your Broker.
For additional information, please visit https://apexfintechsolutions.com/legal/disclosures/

Apex Clearing Corporation ("Apex") carries your account as a clearing broker by arrangement with your broker-dealer or registered investment advisor as Apex's introducing client. At Apex, we
understand that privacy is an important issue for customers of our introducing firms. It is our policy to respect the privacy of all accounts that we maintain as clearing broker and to protect the
security and confidentiality of non-public personal information relating to those accounts. Please note that this policy generally applies to former customers of Apex as well as current
customers.

Personal Information Collected

In order to service your account as a clearing broker, information is provided to Apex by your introducing firm who collects information from you in order to provide the financial services that
you have requested. The information collected by your introducing firm and provided to Apex or otherwise obtained by Apex may come from the following sources and is not limited to:
j Information included in your applications or forms, such as your name, address, telephone number, social security number, occupation, and income;
j Information relating to your transactions, including account balances, positions, and activity;
j Information which may be received from consumer reporting agencies, such as credit bureau reports;
j information relating to your creditworthiness;
j Information which may be received from other sources with your consent or with the consent of your introducing firm.

In addition to servicing your account, Apex may make use of your personal information for analysis purposes, for example, to draw conclusions, detect patterns or determine preferences.
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Sharing of Nonpublic Personal Information

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Apex does not disclose non-public personal information relating to current or former customers of introducing firms to any third parties, except as required or permitted by law, including but
not limited to any obligations of Apex under the USA PATRIOT Act, and in order to facilitate the clearing of customer transactions in the ordinary course of business.
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Apex has multiple affiliates and relationships with third party companies. Examples of these companies include financial and non-financial companies that perform services such as data
processing and companies that perform securities executions on your behalf. We may share information among our affiliates and third parties, as permitted by law, in order to better service
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your financial needs and to pursue legitimate business interests, including to carry out, monitor and analyze our business, systems and operations.
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Security
Apex strives to ensure that our systems are secure and that they meet industry standards. We seek to protect non- public personal information that is provided to Apex by your introducing firm
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or otherwise obtained by Apex by implementing physical and electronic safeguards. Where we believe appropriate, we employ firewalls, encryption technology, user authentication systems
(i.e. passwords and personal identification numbers) and access control mechanisms to control access to systems and data. Apex endeavors to ensure that third party service providers who
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may have access to non-public personal information are following appropriate standards of security and confidentiality. Further, we instruct our employees to use strict standards of care in
handling the personal financial information of customers. As a general policy, our staff will not discuss or disclose information regarding an account except; 1) with authorized personnel of
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your introducing firm, 2) as required by law or pursuant to regulatory request, or 3) as authorized by Apex to a third party or affiliate providing services to your account or pursuing Apex's
legitimate business interests.
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Access to Your Information

You may access your account information through a variety of media offered by your introducing firm and Apex (i.e. statements or online services). Please contact your introducing firm if you
require any additional information.

IMPORTANT INFORMATION - Privacy Policy - CONTINUED

Apex may use "cookies" in order to provide better service, to facilitate its customers' use of the website, to track usage of the website, and to address security hazards. A cookie is a small
piece of information that a website stores on a personal computer, and which it can later retrieve.

Changes to Apex's Privacy Policy

Apex reserves the right to make changes to this policy.

CONTACT APEX CLEARING

For general inquiries, please submit your questions to our Individual Investor Contact Page on the Apex website. Our Customer Support team will assist in
providing the necessary answers to your questions.

Individual Investor Contact Page: https://go.apexfintechsolutions.com/individual-investor-contact-form

Physical mail may be sent to:

Apex Clearing Corporation
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ANNOUNCEMENTS (CONTINUED)
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Attn: Customer Support

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350 N. St. Paul St., Suite 130

Dallas, Texas 75201
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Account Holder Information

Our records currently reflect the following investment objectives and financial information for your account:
Telephone (1) : Profession: Employment Status: EM

Telephone (2) : 2IT Broker Employee:

Investment Objective: Growth Risk Tolerance: Time Horizon:

Estimated Income: $50,001 TO $100,000 Estimated Net Worth: $500,001 TO $1,000,000

Estimated Liquid Net Worth: Liquidity Needs:

If any of the information above is incorrect or missing, mark any necessary corrections and return this document directly to the registered
representative and/or broker dealer listed on the first page of the account statement. For any future changes to information contained in this
document, contact your registered representative and/or broker dealer. Please note that not all defined investment objectives listed below are
available to each client; investment objectives are set up by each registered representative and/or broker dealer independently. To discuss which
investment objectives are available to you, please contact the registered representative and/or broker dealer directly listed on the first page of
your account statement.

Investment Objectives Defined As:

Balanced - Diversification of assets classes for equal blend of income and long-term growth

Capital Appreciation - High Risk, capital growth invested primarily in stocks and options

Capital Preservation - A conservative investment strategy characterized by a desire to avoid risk of loss

Growth - Investing in securities with strong earnings and/or revenue growth or potential

Growth and Income - A balance between capital appreciation and current income with the willingness to forgo a portion of current income in order to provide for potential
future growth.

Income - Strategy focused on current income rather than capital appreciation, wants to use proceeds of the account as a source of income

Long Term Growth With Great Risk - Aggressive growth (trade volatile securities that have wide changes in price)

Long Term Growth With Safety - Long term capital appreciation with relative safety of principal

Short Term Growth With Risk - Appreciation with acceptance of high risk

Speculation/Speculative - Taking larger risks, usually by frequent trading, with hope of higher than average gains,
want increase in value of investments - High Risk All strategies involve various types and levels of risk; the most common of which are:
market, credit, inflation, business and interest rate risk.

End of Statement