Scottrade Knowledge Center | Disclosures

Section I: Opening an Account

A. Legal Capacity to Enter Into Agreements; Accuracy of Application; Credit Information; Customer Identification Program Notice

B. Non-Resident Aliens; U.S. Visa Holders

C. Fees, Commissions and Account Minimums

D. Application Approvals and Account Maintenance

E. Joint Accounts; Fiduciary Accounts; Retirement Accounts

Section II: Account Activity

A. No Advice and No Recommendations

B. Purchases and Sales; Cash Account Restrictions

C. Free Credit Balances and Funds Availability; Bank Deposit Program Terms, Conditions and Disclosures

D. Orders, Executions and Account Statements; Cancelation and Modification Requests; Late and Corrected Reports

E. Stop-on-Quote Orders - Risks and Disclosures

F. Order Routing and Payment for Order Flow

G. No Recommendation of Day Trading

H. Extended Hours Trading Risk Disclosure

I. Special Risk Factors in International Investing

J. Warnings Regarding Connected Accounts

Section III: Online Trading

A. Risks of Online Trading

B. Electronic Trading System Risks; Limitation of Liability

C. Use of Scottrade's Websites

D. Market Data, News and Other Information

E. License to Use Our Software

Section IV: Margin Agreement

A. Margin Loans

B. Requirements to Maintain Specific Margin

C. Margin Calls

D. Interest Charges on Debit Balances

F. Loan of Securities; Pledge of Securities, Options and Other Property

G. Risks of Margin Trading and Margin Disclosure Statement

Section V: Securities

A. Responsibilities Regarding Certain Securities

B. Control or Restricted Securities

C. Bulletin Board and Pink Sheet Trading

D. Initial Public Offering Policy

E. Option Position Limit

F. Mutual Fund Investing; Mutual Fund Breakpoint Discounts Disclosure; No Transaction Fee Mutual Fund Program

Section VI: Client Information and Communication

A. Privacy Statement; Security and Confidentiality

B. Notices; Electronic Communications; Consent to Electronic Delivery

C. Consent to Monitoring and Recording

D. Communication Between Companies and Shareholders

E. Cost Basis Dislcosure

F. Large Trader Reporting

Section VII: Default and Remedies

B. Arbitration Disclosures; Agreement to Arbitrate Controversies; Class Actions

C. Security for Indebtedness; Right of Setoff

D. Payment of Obligations Upon Demand; Events of Default; Remedies

Section VIII: Regulatory and Other Disclosures

A. SIPC and Other Insurance Coverage

B. FINRA Public Disclosure Program

C. Losses Due to Extraordinary Events - Limitation of Liability; Business Continuity Disclosure

D. Applicable Rules and Regulations; Governing Law and Assignment

E. Modification; Headings

F. Entire Agreement and Severability; Waiver

Revised 8-13

The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.

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Scottrade, Inc. and Scottrade Bank are separate but affiliated companies and are wholly-owned subsidiaries of Scottrade Financial Services, Inc. Brokerage products and services offered by Scottrade, Inc. - Member FINRA and SIPC. Deposit products and services offered by Scottrade Bank, Member FDIC.

Brokerage Products Not FDIC-Insured - Not Bank Guaranteed - May Lose Value.

Online market and limit stock trades are just $7 for stocks priced $1 and above.

Scottrade does not charge setup, inactivity or annual maintenance fees. Applicable transaction fees still apply.

Scottrade does not provide tax advice. The material provided is for informational purposes only. Please consult your tax, or legal, advisor for questions concerning your personal tax or financial situation.

Select investments are commission free to those using Scottrade's online platforms. Other fees and charges may apply.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds' performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses may be ordered through Scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.

Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from a Scottrade branch office. Supporting documentation for any claims will be supplied upon request.

Market volatility, volume, and system availability may impact account access and trade execution.

Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.

Scottrade® and the Scottrade® logo are the registered and unregistered trademarks of Scottrade, Inc. and its affiliates.

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