Disclosures

IMPORTANT CONSUMER INFORMATION:

  1. “A broker-dealer, investment adviser, BD agent or IA rep may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are excluded or exempted from the state's broker-dealer, investment adviser, BD agent or IA rep requirements, as the case may be; and

  2. Follow-up, individualized responses to consumers in a particular state by broker-dealer, investment adviser, BD agent or IA rep that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's broker-dealer, investment adviser, BD agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion.

  3. For information concerning the licensure status or disciplinary history of a broker-dealer, investment adviser, BD agent or IA rep, a consumer should contact his or her state securities law administrator.”

Additional Disclosures

MDC Financial Research does not intend to buy and sell securities on its own account, and it will not on behalf of its clients. However, MDC Financial Research’s “Investment Advisor Representatives” may be permitted to trade in their personal accounts providing that they observe the Firm’s blackout and disclosure rules designed to prevent and/or disclose conflicts of interest.