We are committed to protecting the privacy and security of the information you share with us. You trust us with your personal and financial information, and we will honor that trust by handling your information carefully and sensibly.

As you use your accounts, we gather and maintain information about your transactions and holdings. We use this information to maintain accurate balance information, to provide efficient brokerage services, and to assist in identifying other products or services that may be suitable to you.

We do not disclose any non-public personal information about you to anyone except as follows:

• To Dain Correspondent Services, a subsidiary of Dain Rauscher, Inc. As an "introducing firm" we provide Dain with account application information and transaction information. Please refer to Dain Rauscher's Privacy Notice.


• To other companies as necessary to process your business. For example, we may, at your request, tender to a bank, trust department, or transfer agent shares or bonds on your behalf. We may also convey information to mutual fund management companies to complete transactions on your behalf.


• Where required by law or regulation. Examples include court orders, subpoenas, or regulatory demands.


• As authorized by you. For example, you may request duplicate confirmations or statements be sent to a third party. Or you may request information be sent to your accountant or attorney.

We employ policy, procedural, and physical controls to insure the confidentiality of information you share with us. Protecting your privacy has been and continues to be a top priority. For more information on our policy and procedures, please feel free to call me or your Maguire Investments, Inc. Representative.

Stephen P. Maguire, President

Disclosure