Third Party Research Disclosure Notice

As a provider of discounted brokerage services, Alnafay Capital offers its self-directed customers third party research content relating to investments in equities, fixed-income, commodities and Forex for informational or educational purposes only. The third party research content is provided to self-directed customers without charge. Any recommendation, opinion or advice regarding investments in equities, fixed-income, commodities or Forex contained in the third party research content may not necessarily reflect the views of Alnafay Capital, and that Alnafay Capital does not verify any information contained in the content.

Alnafay Capital assumes no responsibility for any recommendation, opinion, advice or fact contained in any third party research provided to its self-directed customers and expressly disclaims any responsibility for any decisions or for the suitability of any product or transaction based on it.

Any decisions made by a self-directed customer to buy, sell or hold a security based on such third party research will be entirely their own and not in any way deemed to be endorsed or influenced by or attributed to Alnafay Capital. The self-directed customer alone will bear the sole responsibility of evaluating the merits and risks associated with the use of any information contained in the third party research before making any decisions based on such information.

It is understood that, without exception, any order based on such research that is placed with Alnafay Capital for execution is and will be treated as an unrecomended and unsolicited order. Further, Alnafay Capital assume no responsibility for the accuracy, completeness or timeliness of any such research or for updating such research, which is subject to change without notice at any time. Alnafay Capital does not provide investment, tax or legal advice. Under no circumstance is the information contained within such third party research to be used or considered as an offer to sell or a solicitation of an offer to buy any particular investment or security product.

Alnafay Capital do not receive any compensation for providing the third party research content to its self-directed customers.