Wedbush Morgan Securities Inc. ("Wedbush") is pleased to provide protection for each of its clients and for the clients of its correspondents. In the unlikely event that assets in client accounts are not fully recovered, each client is protected up to $25,500,000.**

Securities Investor Protection Corporation ("SIPC") provides protection up to $500,000, of which a maximum of $100,000 applies to cash credit balances.

In addition to the coverage provided by SIPC, Wedbush has purchased from Lloyd's of London an excess SIPC bond that provides additional coverage for up to $25,000,000 in cash and securities for each client, subject to an aggregate loss limit of $100,000,000.

The excess SIPC bond, together with SIPC coverage, provides protection for cash credit balances for each client to a maximum of $1,000,000.

Clients may purchase additional protection for their accounts by contacting their Investment Executive, who can provide information and pricing.

** This protection will replace clients' cash and/or securities that are otherwise unrecoverable. It does not cover clients from losses resulting from the decline in the market value of securities in their accounts.