ALL THIRD PARTY MATERIALS ARE THE RESPONSIBILITY OF THEIR RESPECTIVE AUTHORS, CREATORS, AND/OR OWNERS.  ARCADIA SECURITIES, LLC (“ARCADIA”) IS NOT RESPONSIBLE FOR THIRD PARTY MATERIALS, AND THE INFORMATION REFLECTS THE OPINION OF ITS AUTHORS, CREATORS, AND/OR OWNERS AT THE TIME OF ITS ISSUANCE, WHICH OPINIONS AND INFORMATION ARE SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE AND WITHOUT OBLIGATION OF NOTIFICATION.

THESE MATERIALS WERE OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND PRESENTED IN GOOD FAITH, NEVERTHELESS, ARCADIA HAS NOT INDEPENDENTLY VERIFIED THE INFORMATION CONTAINED THEREIN, AND DOES NOT GUARANTEE ITS ACCURACY OR COMPLETENESS.

THE INFORMATION HAS NO REGARD TO THE SPECIFIC INVESTMENT OBJECTIVES, FINANCIAL SITUATION, OR PARTICULAR NEEDS OF ANY SPECIFIC RECIPIENT, AND IS INTENDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE A RECOMMENDATION, OR AN OFFER, TO BUY OR SELL ANY SECURITIES OR RELATED FINANCIAL INSTRUMENTS, NOR IS IT INTENDED TO PROVIDE TAX, LEGAL OR INVESTMENT ADVICE.  WE RECOMMEND THAT YOU PROCURE FINANCIAL AND/OR TAX ADVICE AS TO THE IMPLICATIONS (INCLUDING TAX) OF INVESTING IN ANY OF THE COMPANIES MENTIONED.

AT ANY TIME ARCADIA AND ITS AFFILIATES (OR EMPLOYEES THEREOF) MAY HAVE A LONG OR SHORT POSITION, OR DEAL AS PRINCIPAL OR AGENT, IN RELEVANT SECURITIES OR PROVIDE INVESTMENT BANKING SERVICES (SUCH AS ACTING AS PLACEMENT AGENT AND/OR UNDERWRITER), ADVISORY SERVICES OR OTHER SERVICES TO THE ISSUER OF RELEVANT SECURITIES OR TO A COMPANY CONNECTED WITH AN ISSUER, AND THUS WE FACE AN INEVITABLE CONFLICT OF INTEREST.

THIS COMMUNICATION IS INTENDED ONLY FOR ACCREDITED AND/OR QUALIFIED PURCHASERS

SECURITIES OFFERED THROUGH ARCADIA SECURITIES, LLC

A REGISTERED BROKER/DEALER

MEMBER: FINRA/SIPC

U.S. GOVERNMENT RULES ADOPTED TO PREVENT MONEY LAUNDERING AND TERRORIST FINANCING REQUIRE ALL U.S. FINANCIAL INSTITUTIONS TO OBTAIN, RECORD AND VERIFY INFORMATION THAT IDENTIFIES EACH INDIVIDUAL OR ENTITY THAT OPENS AN ACCOUNT. WHEN YOU OPEN AN ACCOUNT WITH OR THROUGH ARCADIA SECURITIES LLC, WE WILL ASK YOU FOR YOUR NAME AND ADDRESS. WE WILL ALSO ASK FOR AN IDENTIFICATION NUMBER. FOR U.S. ENTITIES, THAT MEANS YOUR EMPLOYER IDENTIFICATION NUMBER. FOR NON-U.S. ENTITIES, THAT MEANS YOUR TAXPAYER IDENTIFICATION NUMBER. IN ADDITION, YOU MAY BE REQUIRED TO PROVIDE IDENTIFICATION DOCUMENTS AS NECESSARY TO ENABLE THE FIRM TO VERIFY YOUR IDENTITY. ARCADIA SECURITIES, LLC MAY ALSO SCREEN YOUR NAME AGAINST VARIOUS DATABASES TO VERIFY YOUR IDENTITY. ALL INFORMATION AND DOCUMENTATION WILL BE TREATED IN A MANNER SO AS TO PROTECT YOUR PRIVACY. ARCADIA SECURITIES, LLC IS REQUIRED TO VERIFY THE IDENTITY OF ITS CUSTOMERS. IN CERTAIN CIRCUMSTANCES, WE MAY NOT BE ABLE TO OPEN AN ACCOUNT OR CONDUCT ANY TRANSACTIONS FOR YOU UNTIL WE HAVE OBTAINED AND VERIFIED THE NECESSARY IDENTIFICATION INFORMATION. IF WE HAVE OPENED AN ACCOUNT FOR YOU, WE MAY HAVE TO RESTRICT TRADING OR CLOSE IT IF YOU DO NOT SUPPLY THE NECESSARY INFORMATION OR DOCUMENTS OR IF WE ARE UNABLE TO VERIFY YOUR IDENTITY.

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ARCADIA SECURITIES, LLC HAS ENGAGED PERSHING, LLC (“PERSHING”) TO SERVE AS ITS CLEARING FIRM TO EXECUTE SECURITIES TRANSACTIONS AND CARRY CLIENT ACCOUNTS ON A FULLY DISCLOSED BASIS.

ARCADIA SECURITIES, LLC HAS DEVELOPED A BUSINESS CONTINUITY PLAN REGARDING HOW IT WILL RESPOND TO EVENTS THAT SIGNIFICANTLY DISRUPT ITS BUSINESS. SINCE THE TIMING AND IMPACT OF DISASTERS AND DISRUPTIONS IS UNPREDICTABLE, ARCADIA SECURITIES, LLC WILL HAVE TO BE FLEXIBLE IN RESPONDING TO ACTUAL EVENTS AS THEY OCCUR. WITH THAT IN MIND, WE ARE PROVIDING YOU WITH THIS INFORMATION ON OUR BUSINESS CONTINUITY PLAN.

CONTACT – IF AFTER A SIGNIFICANT BUSINESS DISRUPTION, YOU CANNOT CONTACT US AS YOU USUALLY DO, YOU SHOULD CALL OUR GENERAL NUMBER, 1-212-231-4101. IF YOU CANNOT ACCESS ARCADIA SECURITIES, LLC THROUGH EITHER OF THOSE MEANS, YOU SHOULD DIRECTLY CONTACT ITS CLEARING FIRM, PERSHING, TO PROCESS LIMITED TRADE-RELATED TRANSACTIONS, CASH DISBURSEMENTS AND SECURITY TRANSFERS. INSTRUCTIONS TO PERSHING MUST BE IN WRITING AND TRANSMITTED VIA E-MAIL OR POSTAL SERVICE AS FOLLOWS:

PERSHING, LLC
ONE PERSHING PLAZA
JERSEY CITY, NJ 07399
USA

TEL: (800) 445-4467

FOR ADDITIONAL INFORMATION ABOUT HOW TO REQUEST FUNDS AND SECURITIES WHEN YOUR MARKET PROFESSIONAL CANNOT BE CONTACTED DUE TO A SIGNIFICANT BUSINESS INTERRUPTION, PLEASE VISIT PERSHING’S WEB SITE AT HTTP://WWW.PERSHING.COM/. IF YOU CANNOT ACCESS THE WEB SITE, PERSHING MAY BE CONTACTED AT (800) 445-4467. FOR MORE INFORMATION REGARDING PERSHING’S BUSINESS CONTINUITY DISCLOSURES, PLEASE VISIT HTTPS://WWW.PERSHING.COM/_GLOBAL-ASSETS/PDF/DISCLOSURES/PER-BUSINESS-CONTINUITY.PDF

ARCADIA SECURITIES, LLC’S BUSINESS CONTINUITY PLAN – ARCADIA SECURITIES, LLC PLANS TO QUICKLY RECOVER AND RESUME BUSINESS OPERATIONS AFTER A SIGNIFICANT BUSINESS DISRUPTION AND RESPOND BY SAFEGUARDING ITS EMPLOYEES AND PROPERTY, MAKING A FINANCIAL AND OPERATIONAL ASSESSMENT, PROTECTING THE FIRM’S BOOKS AND RECORDS, AND ALLOWING ITS CUSTOMERS TO TRANSACT BUSINESS. IN SHORT, ARCADIA SECURITIES, LLC’S BUSINESS CONTINUITY PLAN IS DESIGNED TO PERMIT THE FIRM TO RESUME OPERATIONS AS QUICKLY AS POSSIBLE, GIVEN THE SCOPE AND SEVERITY OF THE SIGNIFICANT BUSINESS DISRUPTION.

ARCADIA SECURITIES, LLC’S BUSINESS CONTINUITY PLAN ADDRESSES: DATA BACKUP AND RECOVERY; ALL MISSION CRITICAL SYSTEMS; FINANCIAL AND OPERATIONAL ASSESSMENTS; ALTERNATIVE COMMUNICATIONS WITH CUSTOMERS, EMPLOYEES, AND REGULATORS; ALTERNATE PHYSICAL LOCATION OF EMPLOYEES; CRITICAL SUPPLIER, CONTRACTOR, BANK AND COUNTERPARTY IMPACT; REGULATORY REPORTING; AND ASSURING OUR CUSTOMERS PROMPT ACCESS TO THEIR FUNDS AND SECURITIES IF WE ARE UNABLE TO CONTINUE OUR BUSINESS. ARCADIA SECURITIES, LLC’S CLEARING FIRM, PERSHING, BACKS UP IMPORTANT RECORDS IN A GEOGRAPHICALLY SEPARATE AREA. WHILE EVERY EMERGENCY SITUATION POSES UNIQUE PROBLEMS BASED ON EXTERNAL FACTORS, SUCH AS TIME OF DAY AND THE SEVERITY OF THE DISRUPTION, ARCADIA SECURITIES, LLC HAS BEEN ADVISED BY PERSHING THAT ITS OBJECTIVE IS TO RESTORE ITS OWN OPERATIONS AND BE ABLE TO COMPLETE EXISTING TRANSACTIONS AND ACCEPT NEW TRANSACTIONS AND PAYMENTS WITHIN FOUR (4) HOURS. CUSTOMER ORDERS AND REQUESTS FOR FUNDS COULD BE DELAYED DURING THIS PERIOD.

VARYING DISRUPTIONS – SIGNIFICANT BUSINESS DISRUPTIONS CAN VARY IN THEIR SCOPE, SUCH AS ONLY THE BUILDING HOUSING OUR FIRM, THE BUSINESS DISTRICT WHERE OUR FIRM IS LOCATED, THE CITY WHERE WE ARE LOCATED, OR THE WHOLE REGION. WITHIN EACH OF THESE AREAS, THE SEVERITY OF THE DISRUPTION CAN ALSO VARY FROM MINIMAL TO SEVERE. ARCADIA SECURITIES, LLC’S RECOVERY TIME OBJECTIVE FOR BUSINESS RESUMPTION, INCLUDING ANY NECESSARY RELOCATION OF PERSONNEL OR TECHNOLOGY IS FOUR (4) HOURS. THIS RECOVERY OBJECTIVE MAY BE NEGATIVELY AFFECTED BY THE UNAVAILABILITY OF EXTERNAL RESOURCES AND CIRCUMSTANCES BEYOND ARCADIA SECURITIES, LLC’S CONTROL. IN THE EVENT OF A SIGNIFICANT DISRUPTION WE PLAN TO NOTIFY YOU THROUGH OUR WEBSITE, WWW.BROOKLINECAPITALMARKETS.COM. IF THE SIGNIFICANT BUSINESS DISRUPTION IS SO SEVERE THAT IT PREVENTS ARCADIA SECURITIES, LLC FROM REMAINING IN BUSINESS, THE FIRM WILL ASSURE OUR CUSTOMERS PROMPT ACCESS TO THEIR FUNDS AND SECURITIES.

FOR MORE INFORMATION – IF YOU HAVE QUESTIONS ABOUT ARCADIA SECURITIES, LLC’S BUSINESS CONTINUITY PLANNING, PLEASE CONTACT THE FIRM AT 1-212-231-4101.

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ON JUNE 29, 2000, THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION PUBLISHED FINAL REGULATION S-P IN THE FEDERAL REGISTER. REGULATION SP REQUIRES FINANCIAL INSTITUTIONS, INCLUDING BROKER-DEALERS SUCH AS ARCADIA SECURITIES, LLC, TO DEVELOP PRIVACY POLICIES WITH RESPECT TO CUSTOMER NON-PUBLIC INFORMATION AND TO NOTIFY ITS CUSTOMERS OF SUCH POLICIES.

BROKER-DEALERS TYPICALLY COLLECT CUSTOMER NON-PUBLIC INFORMATION, INCLUDING PERSONALLY IDENTIFIABLE FINANCIAL INFORMATION (E.G., INFORMATION THE CUSTOMER PROVIDES WHEN THE CLIENT RELATIONSHIP IS ESTABLISHED SUCH AS ITS NAME, ADDRESS, SOCIAL SECURITY NUMBER, TAX IDENTIFICATION NUMBER, ETC.) TO EVALUATE AND TO SERVE CLIENT NEEDS AND TO COMPLETE CLIENT TRANSACTIONS. MANY FINANCIAL INSTITUTIONS ALSO COMPILE CUSTOMER LISTS DERIVED FROM SUCH PERSONALLY IDENTIFIABLE INFORMATION.

ARCADIA SECURITIES, LLC DOES NOT DISCLOSE ANY NON-PUBLIC PERSONAL INFORMATION RELATING TO ITS CUSTOMERS, OR FORMER CUSTOMERS, TO AFFILIATES OR NONAFFILIATED THIRD PARTIES, EXCEPT AS PERMITTED BY LAW, TO PROCESS CLIENT TRANSACTIONS OR TO FULFILL LEGAL AND/OR REGULATORY REQUIREMENTS. ARCADIA SECURITIES, LLC HAS IMPLEMENTED SPECIFIC POLICIES AND PRACTICES WITH RESPECT TO SAFEGUARDING THE CONFIDENTIALITY AND SECURITY OF CUSTOMER NON-PUBLIC FINANCIAL INFORMATION. ARCADIA SECURITIES, LLC’S EMPLOYEES ARE INSTRUCTED TO PROTECT SUCH INFORMATION AND ARE REQUIRED TO COMPLY WITH THESE ESTABLISHED POLICIES AND PRACTICES. ARCADIA SECURITIES, LLC CONSIDERS ITS PRIVACY RESPONSIBILITIES TO BE OF PARAMOUNT IMPORTANCE AND WILL CONTINUE TO VIGOROUSLY PROTECT THE INTERESTS OF ITS CLIENTS.

SHOULD YOU REQUIRE ANY ADDITIONAL INFORMATION, PLEASE WRITE TO BASIL CHRISTAKOS, CHIEF COMPLIANCE OFFICER, ARCADIA SECURITIES LLC, 1370 AVENUE OF THE AMERICAS, 29TH FL, NEW YORK NY 10019

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ARCADIA SECURITIES, LLC CUSTOMERS MAY DIRECT COMPLAINTS REGARDING THEIR ACCOUNTS TO BASIL CHRISTAKOS, CHIEF COMPLIANCE OFFICER, AT 1-212-231-4101. WRITTEN COMPLAINTS MAY BE SENT TO:

ARCADIA SECURITIES LLC
1370 AVENUE OF THE AMERICAS
29TH FL
NEW YORK NY 10019

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ARCADIA SECURITIES, LLC NEITHER PAYS FOR NOR RECEIVES COMPENSATION FOR DIRECTING ORDER FLOW.

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RULE 606 UNDER THE SECURITIES EXCHANGE ACT OF 1934 REQUIRES BROKER-DEALERS SUCH AS ARCADIA SECURITIES, LLC TO DISCLOSE UPON REQUEST THE IDENTITY OF THE VENUE TO WHICH THE CUSTOMER’S ORDERS WERE ROUTED FOR EXECUTION DURING THE SIX (6) MONTHS PRIOR TO THE REQUEST, WHETHER THE ORDERS WERE DIRECTED ORDERS OR NON-DIRECTED ORDERS AND THE TIME OF THE TRANSACTIONS, IF ANY, THAT RESULTED FROM SUCH ORDERS. SHOULD YOU REQUIRE SUCH INFORMATION, PLEASE WRITE TO BASIL CHRISTAKOS, CHIEF COMPLIANCE OFFICER, AT 1-212-231-4101.

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CUSTOMERS SHOULD NOTE THE FOLLOWING RISKS IN CONNECTION WITH TRADING OUTSIDE OF REGULAR MARKET HOURS:

1. RISK OF LOWER LIQUIDITY. LIQUIDITY REFERS TO THE ABILITY OF MARKET PARTICIPANTS TO BUY AND SELL SECURITIES. GENERALLY, THE MORE ORDERS THAT ARE AVAILABLE IN A MARKET, THE GREATER THE LIQUIDITY. LIQUIDITY IS IMPORTANT BECAUSE WITH GREATER LIQUIDITY IT IS EASIER FOR INVESTORS TO BUY OR SELL SECURITIES, AND AS A RESULT, INVESTORS ARE MORE LIKELY TO PAY OR RECEIVE A COMPETITIVE PRICE FOR SECURITIES PURCHASED OR SOLD. THERE MAY BE LOWER LIQUIDITY IN EXTENDED HOURS TRADING AS COMPARED TO REGULAR MARKET HOURS. AS A RESULT, YOUR ORDER MAY ONLY BE PARTIALLY EXECUTED, OR NOT AT ALL.

2. RISK OF HIGHER VOLATILITY. VOLATILITY REFERS TO THE CHANGES IN PRICE THAT SECURITIES UNDERGO WHEN TRADING. GENERALLY, THE HIGHER THE VOLATILITY OF A SECURITY, THE GREATER ITS PRICE SWINGS. THERE MAY BE GREATER VOLATILITY IN EXTENDED HOURS TRADING THAN IN REGULAR MARKET HOURS. AS A RESULT, YOUR ORDER MAY ONLY BE PARTIALLY EXECUTED, OR NOT AT ALL, OR YOU MAY RECEIVE AN INFERIOR PRICE IN EXTENDED HOURS TRADING THAN YOU WOULD DURING REGULAR MARKETS HOURS.

3. RISK OF CHANGING PRICES. THE PRICES OF SECURITIES TRADED IN EXTENDED HOURS TRADING MAY NOT REFLECT THE PRICES EITHER AT THE END OF REGULAR MARKET HOURS, OR UPON THE OPENING OF THE NEXT MORNING. AS A RESULT, YOU MAY RECEIVE AN INFERIOR PRICE IN EXTENDED HOURS TRADING THAN YOU WOULD DURING REGULAR MARKET HOURS.

4. RISK OF UNLINKED MARKETS. DEPENDING ON THE EXTENDED HOURS TRADING SYSTEM OR THE TIME OF DAY, THE PRICES DISPLAYED ON A PARTICULAR EXTENDED HOURS SYSTEM MAY NOT REFLECT THE PRICES IN OTHER CONCURRENTLY OPERATING EXTENDED HOURS TRADING SYSTEMS DEALING IN THE SAME SECURITIES. ACCORDINGLY, YOU MAY RECEIVE AN INFERIOR PRICE IN ONE EXTENDED HOURS TRADING SYSTEM THAN YOU WOULD IN ANOTHER EXTENDED HOURS TRADING SYSTEM.

5. RISK OF NEWS ANNOUNCEMENTS. NORMALLY, ISSUERS MAKE NEWS ANNOUNCEMENTS THAT MAY AFFECT THE PRICE OF THEIR SECURITIES AFTER REGULAR MARKET HOURS. SIMILARLY, IMPORTANT FINANCIAL INFORMATION IS FREQUENTLY ANNOUNCED OUTSIDE OF REGULAR MARKET HOURS. IN EXTENDED HOURS TRADING, THESE ANNOUNCEMENTS MAY OCCUR DURING TRADING, AND IF COMBINED WITH LOWER LIQUIDITY AND HIGHER VOLATILITY, MAY CAUSE AN EXAGGERATED AND UNSUSTAINABLE EFFECT ON THE PRICE OF A SECURITY.

6. RISK OF WIDER SPREADS. THE SPREAD REFERS TO THE DIFFERENCE IN PRICE BETWEEN WHAT YOU CAN BUY A SECURITY FOR AND WHAT YOU CAN SELL IT FOR. LOWER LIQUIDITY AND HIGHER VOLATILITY IN EXTENDED HOURS TRADING MAY RESULT IN WIDER THAN NORMAL SPREADS FOR A PARTICULAR SECURITY.

7. RISK OF LACK OF CALCULATION OR DISSEMINATION OF UNDERLYING INDEX VALUE OR INTRADAY INDICATIVE VALUE (“IIV”). FOR CERTAIN DERIVATIVE SECURITIES PRODUCTS, AN UPDATED UNDERLYING INDEX VALUE OR IIV MAY NOT BE CALCULATED OR PUBLICLY DISSEMINATED IN EXTENDED TRADING HOURS. SINCE THE UNDERLYING INDEX VALUE AND IIV ARE NOT CALCULATED OR WIDELY DISSEMINATED DURING THE PRE-MARKET AND POST-MARKET SESSIONS AN INVESTOR WHO IS UNABLE TO CALCULATE IMPLIED VALUES FOR CERTAIN DERIVATIVE SECURITIES PRODUCTS IN THOSE SESSIONS MAY BE AT A DISADVANTAGE TO MARKET PROFESSIONALS.

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ARCADIA SECURITIES, LLC IS A MEMBER OF THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC).

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ARCADIA SECURITIES, LLC IS A MEMBER OF THE FINANCIAL INDUSTRY REGULATORY AUTHORITY (“FINRA”), THE LARGEST INDEPENDENT REGULATOR FOR ALL SECURITIES FIRMS THAT CONDUCT BUSINESS IN THE UNITED STATES. YOU MAY OBTAIN MORE INFORMATION ABOUT FINRA THROUGH THEIR WEBSITE, WWW.FINRA.ORG. FINRA’S BROKERCHECK SYSEM, FORMERLY KNOWN AS FINRA’S PUBLIC DISCLOSURE PROGRAM, ALLOWS INVESTORS TO LEARN ABOUT THE PROFESSIONAL BACKGROUND, BUSINESS PRACTICES AND CONDUCT OF FINRA MEMBER FIRMS OR THEIR BROKERS. BROKERCHECK IS ACCESSIBLE VIA FINRA’S WEBSITE AND THROUGH THE BROKERCHECK HOTLINE AT 1-800-289-9999. AN INVESTOR BROCHURE IS ALSO AVAILABLE UPON REQUEST.

B. DYSON CAPITAL ADVISORS, C7 ADVISORS AND HERMES CAPITAL ADVISORS AND BROOKLINE CAPITAL MARKETS ARE AFFILIATED WITH ARCADIA SECURITIES, LLC. ALL SECURITIES ARE SOLD THROUGH ARCADIA SECURITIES, LLC

FINRA Glossary of Terms