ANTI-MONEY LAUNDERING PROGRAM
Under the USA PATRIOT Act (“PATRIOT Act”) and other regulations, broker dealers must establish a compliance program, which includes policies and procedures to detect and report suspicious transactions to the government, as well as ensure compliance with applicable laws. Firms must also implement specialized employee training programs, designate a special compliance officer and conduct independent audits of the effectiveness of the compliance program.

Broker dealers are also subject to requirements regarding client information and verification of that information. Financial services firms are required to verify the identity of the clients with whom they do business, determine the source of funds in a client's account and obtain the information about a client's wealth.

As part of our compliance with the PATRIOT Act and in support of the fight against money laundering around the world, we may ask new or existing clients for additional information and documentation about certain accounts and transactions. This information may be used to comply with various requirements, including the verification of client identity.

SECURITIES INVESTOR PROTECTION CORPORATION
RCap is a member of the Securities Investor Protection Corporation (“SIPC”) which offers “account protection” with respect to certain customers and/or securities held in customer accounts. SIPC is applied when a brokerage is closed due to bankruptcy or other financial liquidation, and does not protect against market losses. SIPC generally does not offer protection with respect to a repurchase/reverse repurchase transaction or certain other financing and lending transactions.

Customers can obtain information about SIPC (including the SIPC brochure) by contacting SIPC by phone at (202) 371-8300, by mail at 805 15th Street, N.W. Suite 800, Washington, D.C. 20005-2215 or by going to the SIPC website (www.sipc.org).