November 21, 2008
Trade U.S. and International Securities

IBS Securities, LLC — Securities & Capital Markets

Integrated Brokerage Services, LLC offers its customers access to U.S. and international securities trading through its relationship with its affiliate, IBS Securities, LLC, a registered securities broker/dealer and a member of the Nasdaq Stock Market (NASDAQ) and a member of the Financial Industry Regulatory Authority (FINRA).

IBS Securities has facilities in place to execute many nationally recognized mutual funds through your MF Global Securities Inc. account, included are over 30 mutual fund families, such as Dreyfus, Franklin/Templeton, Nuveen, Oppenheimer, Pioneer, Alliance Capital, Van Eck Global, and many more. [see current list as of October 4, 2007]

All customer’s securities accounts are introduced by IBS Securities, LLC to MF Global Securities Inc. (formerly, Man Securities, Inc.) is a retail securities division of MF Global Ltd. MF Global Securities Inc. is a self-clearing, securities broker/dealer and a member of the Financial Industry Regulatory Authority (FINRA).

IBS Securities, LLC and MF Global Securities Inc. are each members of the Securities Investor Protection Corporation (SIPC), which protects customers of member firms up to $500,000 (limited to $100,000 in cash claims).

For information on trading securities, options and debt instruments through IBS Securities, LLC, call  800 / 671-1074.

FINRA/SIPC NOTICE — IBS Securities, LLC (B/D #037921) is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) and is registered with the various states. Securities transactions are introduced to and cleared through MF Global Securities Inc., (formerly, Man Securities, Inc.) the retail securities division of MF Global Ltd.on a fully-disclosed basis.

Securities Investor Protection Corporation is located at 805 15th Street, N.W. Suite 800, Washington, D.C. 2005-2215. You can contact them via phone at (203) 271-8300; by fax at (202) 371-6728; or via email at asksipc@sipc.org

Monies deposited with Integrated Brokerage Services, LLC d/b/a IBS Futures, d/b/a IBS Forex and d/b/a IBS Metals; or with Alliance Financial, LLC d/b/a AFMetals are not SIPC insured.

EQUITIES RISK DISCLOSURE — There is risk of loss from Equities trading. Past results are not necessarily indicative of future results. Equities trading, even when done by a professional trader, may present substantial risk of loss, and only funds that a customer can afford to lose should be used for Equities trading. The level of risk inherent in Equities trading may vary widely from strategy to strategy. You should carefully examine each strategy contemplated to insure that the specific strategy or whether or not the Equities trading in general is suitable for you in light of your financial condition.

EQUITIES OPTIONS RISK DISCLOSURE — There is risk of loss from Equity Options Trading. Past results are not necessarily indicative of future results. Equities Options Trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Equity Options Trading. Prior to trading in Equity Options you should read the OCC Options Risk Disclosure Statement which contains an in-depth discussion of the various risks associated with this type of investing activity. In general, the level of risk inherent in Equities Options trading may vary widely from strategy to strategy. You should carefully examine each strategy contemplated to insure that the specific strategy or whether or not the Equities Options trading in general is suitable for you in light of your financial condition.