You understand that we are members of the Securities Investor Protection Corporation (“SIPC”) and that SIPC currently protects the assets in your Account up to $500,000, with a limit of $250,000 for cash balances being held for purposes of investment. Cash balances not held for investment purposes (e.g. the sole purpose is to collect interest) may not be covered by SIPC. You acknowledge that these SIPC protections do not cover fluctuations in the market value of your securities. A brochure with the details of SIPC's protections is available at www.sipc.org or by calling (202) 371-8300.