Disclaimer of Warranty and Limitation of Liability
The information on this site is provided "AS IS". Cash Wave does not warrant the accuracy of the materials provided herein, either expressly or implied, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Cash wave will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Cash Wave cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Neither Cash Wave, nor any of its affiliates, directors, officers or employees, nor any third-party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Cash Wave or of any vendor providing software or services support. In no event will Cash Wave, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Cash Wave or any other party have been advised of the possibility thereof. 

This material provides general information only. Neither the information nor any views expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other investment or any options, futures or derivatives related to such securities or investments. All lines of credit loans and bridge loans are offered at fair market capital rates. It is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person who may receive this material. Investors should seek financial advice regarding the appropriateness of investing in any securities, other investment or investment strategies discussed in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from securities or other investments, if any, may fluctuate and that price or value of such securities and investments may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Any information relating to the tax status of financial instruments discussed herein is not intended to provide tax advice or to be used by anyone to provide tax advice. Investors are urged to seek tax advice based on their particular circumstances from an independent tax professional.

Routing Disclosures Made Pursuant to Rule 606 of SEC Regulation NMS
Rule 606 of SEC Regulation NMS requires broker-dealers receiving non-directed client orders to publicly disclose, on a quarterly basis, the top execution venues to which such orders are routed for execution. Broker-dealers also must disclose material aspects of the relationships they maintain with the identified execution venues. The Rule 606(a) reports for Cash Wave are available for public review 

USA PATRIOT Act

In response to the terrorist attacks on September 11, 2001, the US Congress passed the USA PATRIOT Act. Parts of this Act apply to the financial services industry and require certain financial institutions to request specific information from clients.

Copyright or Other Notices

You agree that, under any circumstance, you will not (and that you will not authorize or permit any other person to):

• sell, lease, transfer, recirculate, republish, redistribute, make available or otherwise provide access to this site, or any portion thereof or data thereon, to any person, including through oral, written, or electronic means whether as a demonstration or otherwise;
• photocopy, download or otherwise reproduce in any medium any portion of the site, except that you may, for your own personal use, download onto your personal computer system, or print a hard copy of, limited portions of content on the site, in whole or in part, provided that, in each case, all copyright and other proprietary notices are retained and complied with; and/or
• alter, decompile or reverse engineer any software component of the sites.

Use in the United Kingdom (UK)

Where this communication constitutes a financial promotion it is issued and approved for distribution in the UK by Cash Wave International only to, and directed at, (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons. The UK compensation scheme and rules for the protection of private customers do not apply to the services provided or products sold by non-UK regulated affiliates.

The information herein was obtained from various sources. We do not guarantee its accuracy. Neither the information, recommendations or opinions expressed herein constitutes an offer to buy or sell any securities, futures, options or investment products. Cash Wave may trade for its own account in the securities or other products described here and may issue capital to any business it sees as qualifying or not.

Foreign-currency-denominated investments are subject to fluctuations in exchange rates that could have a positive or adverse effect on the investor's return. Unless otherwise stated, any pricing information in this message is indicative only, is subject to change and is not an offer to deal. Where relevant, the price quoted is exclusive of tax and delivery costs. Any reference to the terms of executed transactions should be treated as preliminary and subject to our written confirmation.

This information is not necessarily a publication of Cash Wave, although a report may be referenced as a link or as an attachment hereto. Any summary of This information is for discussion purposes and neither the information nor any opinions expressed constitutes a solicitation by us for the purchase or sale of any securities or other financial instruments.

Cash Wave does not operate as a banking entity in all jurisdictions. Some products and services may not be available in all jurisdictions or to all clients.

Cash Wave reserves the right to monitor electronic communications (subject to and in accordance with local laws).

This material is approved for issue in the U.K. by Cash Wave International Designated Activity Company (BAMLI DAC London Branch).

"Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority"

E-commerce Activities: Minimum Information Requirements for Cash Wave International

Termination of Participation in FDIC's Transaction Account Guarantee Program

Information on Reporting Errors and Canceling Certain Transfers Going Outside Of the U.S. (Remittance Transfers) Errors
If you believe there has been an error or problem with a wire transfer initiated by you from your U.S. based brokerage account to a recipient outside of the United States (a "remittance transfer"), please contact your Broker and Financial Advisor by calling or writing to the office that services your account. If you do not know how to reach the office that services your account, call 888-391-WAVE.

If you believe there has been an error or problem with a wire transfer initiated by you from your Trust Management Account (“TMA”) to a recipient outside of the United States (a "remittance transfer"), please contact your trust team by calling or writing to us at the address below. If you do not know how to reach the trust team that services your account

Trust Wires
TX1-492-08-30
P.O. Box 830269
Dallas, TX 75283-0269

You must make contact, within 180 days of the date we promised to you that funds would be made available to the recipient.

When you contact your Financial Advisor or trust team, please tell him/her:

1. The error or problem with the transfer, and why you believe it is an error or problem;

2. The name of the person receiving the funds, and if you know it, his or her telephone number or address;

3. The dollar amount of the transfer; and

4. The confirmation code or number of the transaction.

We will determine whether an error occurred within 90 days after you contact your Financial Advisor or trust team and we will correct any error promptly. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of any documents we used in our investigation.

Cancellation
You have the right to cancel a remittance transfer and obtain a refund of all funds paid to us, including any fees.

In order to cancel, for a U.S. based brokerage account, you must contact your Financial Advisor within 30 minutes from the time you authorized the transfer. If you cannot reach your Financial Advisor, please call 

When you contact your Financial Advisor or trust team, you must provide him/her with information to help us identify the transfer you wish to cancel, including the amount and location where the funds were sent.

We will refund your money within three business days of your request to cancel a transfer as long as the funds have not already been picked up or deposited into a recipient's account.

MSRB Rule G-10 Investor Education and Protection

FINRA Rule 5270 Block Order Handling Disclosure
Pursuant to FINRA Rule 5270 regarding block transactions in any security or related financial instrument, we disclose that, Cash Wave will limit the range of execution on certain credit lines and cash loan alternatives that we are able to offer.
Cash Wave Business lending in the interest of increasing transparency regarding Cash Wave, Pierce Fenner & Smith Incorporated’s (“Cash Wave”) execution services in light of recent periods of extreme market volatility, we are providing you with additional information about our order handling procedures. Consistent with our duty of best execution, we handle your orders so as to obtain competitive execution prices, we regularly review the quality of our executions, we seek the most favorable terms reasonably available for your orders under prevailing market conditions, and we seek to execute your marketable orders fully and promptly. During volatile or extreme market conditions, we may determine to make changes to our order handling procedures when warranted, including cancelling orders or placing restrictions on your accounts, and we may do so without prior notice to you. If we determine to make changes to our order handling procedures, we will do so in a manner that is fair to our customers, consistent and reasonable, with a goal of preserving the continued execution of our customers’ orders consistent with our best execution obligations.

Market conditions such as high volumes of trading at the market opening or intra-day may cause delays in execution and executions at prices significantly away from the market price quoted or displayed at the time your order was entered. Similarly, because we may route your orders to other broker-dealers for execution, any adjustments made by those executing broker-dealers to their order handling procedures and any delays they experience may impact the execution of your funding

Cash Wave executes various funding types itself or through one or more of its affiliates

Title Section 43.a

You should carefully review the differences among the funding types you requested and are presented by and through Cash Wave and consider the funding type you request and were presented. The website cashwavebusinesslending.com and its intended use is for explicit entertainment purposes only. Any funding or funding challenges should be considered such. Any views of the brokers and sales reps do not reflect Cash Wave Business Lending and do not represent any agreements or contracts with other lenders, or its affiliates or brokers. Absolutely under no circumstances shall we have any liability to you or your business for any damage or loss of any kind both financial, monetary, physical, emotional, compensatory, punitive, pain and suffering, property damage, liquidated damages, consequential damages, inconvenience, lost earning capacity, repair or replacement of damaged property or lost funds, economic damages, out of pocket expenses, loss of consortium, lost wages, medical expenses, or loss of enjoyment of life incurred as a result of using this site, or speaking with any broker, sales representative or any personnel associated with Cash Wave Business Lending. Your use of the site and its representatives is solely at your own risk and Cash Wave Business Lending is not responsible for any potential losses, penalty or harm to you or your business. 

Callable Securities/Procedures for partial redemption

If you are funded with Cash Wave you may be redeemed prior to maturity we will follow the process described below to determine the securities to be selected as called from all impacted clients. Any Client funded with Cash Wave is not responsible for paying broker fees and all fees are paid by our partners and lenders. 

Once we are notified by our custodian of the total call quantity of a partial redemption, we use a systematic lottery process designed to allocate called funding on a fair and impartial basis. The lottery is constructed such that we select called funding on a statistically random basis and generate who we decide to fund next.

We do not allocate the funding to any account in which we or our associated persons have an interest until all other customers' positions in such securities have been satisfied.

We do not exclude our positions or those of our associated persons from the pool of the funding securities eligible to be called.

Alternative dispute resolution, or ADR, is any method for resolving disputes other than litigation. Although one can petition a public court to review the validity of ADR procedures, courts are generally unwilling to reverse a decision reached through ADR where the disputing parties agreed to be bound by the results. Common forms of ADR include arbitration, mediation and negotiation (collaborative practice). Usually, parties will attempt to negotiate a mutually agreeable resolution before advancing to other methods.

Businesses have gravitated toward the collaborative approach for many reasons, mainly because it enables the parties to retain a great deal of control over the dispute resolution process.

Parties begin the process by hiring lawyers with collaborative practice experience. A good collaborative practice lawyer will be committed to helping their clients reach an optimal settlement from the outset. In the event a settlement is not achieved, a lawyer can help you withdraw from the process and pursue an alternative method of dispute resolution.

The parties take the lead during negotiation sessions. Depending on the nature of the dispute, it may be to a party’s advantage to hire additional specialists to resolve their case, including accountants or financial consultants.

Arbitration is an informal, simplified version of a trial. An impartial third party, called an arbitrator, hears each side’s arguments and then issues a decision or arbitral award. When there is more than one arbitrator, this is referred to as an arbitral panel. Panels are generally comprised of one individual chosen by each party to the dispute, and a third member who has been mutually selected by either the parties themselves or their arbitrators.

Hearings usually last between a few days to a week. Parties can agree in advance whether the decision will be binding or non-binding. Arbitral opinions are closed to the public.

Arbitration may be a more efficient way to resolve disputes than using the traditional legal system. All rights reserved 2006 Cashwavebusinesslending.com