Global Relay Disclosure

All electronic communications conducted using the Firm’s approved communications platform(s) are the property of the Firm and subject to review. Users of the Firm’s approved communications platforms acknowledge that the Firm monitors electronic communications sent via such platforms in accordance with its supervisory obligations under applicable SEC, CFTC, FINRA, NFA and other self-regulatory organization rules and regulations. Outside of communications subject to legal protections such as attorney-client privilege, users acknowledge that there is no expectation of privacy when using the Firm’s approved electronic communications platforms.