Customer account assets maintained at First Southwest Company (FSC) receive total account net protection. The coverage is broken down as follows:

Securities in accounts carried by FSC are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 each, with a limitation of $100,000 on claims for cash balances.

FSC has also acquired "Excess SIPC" insurance from a third party insurer to protect client accounts up to their net equity for loss of securities and cash held at First Southwest Company. This "Excess SIPC" protection is in addition to the protection provided by the Securities Investors Protection Act, which is administered by SIPC, and is subject to certain conditions and limitations, details of which are available upon request. The above coverage does not protect against loss of the market value of securities.

• Neither SIPC protection, nor the protection in excess of that provided by SIPC, covers a decline in the value of a customer’s assets due to  market loss.

• For further information regarding SIPC, please visit the organization’s website at: www.sipc.org.