Direct Access Partners

Disclosures

The Firm makes public the following items of information:

NASD Regulation Public Disclosure Program Hotline Number; 1-800-289-9999
NASD Regulation Web Site Address; www.nasdr.com. and
A statement as to the availability to the customer of an investor brochure that includes information describing the Public Disclosure Program.

Disclosure of Order Execution and Routing Practices

SEC Rule 606
Rule 606 requires broker-dealers that route customer orders in equity and option securities to make publicly available quarterly reports that identify the venues to which customer orders are routed for execution.

You may locate our quarterly report required under Rule 606 at http://www.tta.thomson.com/reports/1-6/dapl/

Any customers wishing to see the routing information for their particular orderflow, can do so by contacting DAP’s main office at 212-850-8860

Rule 108
This is to inform you that on the floor of the New York Stock Exchange, the designated market maker (specialist) will trade on parity with us, as defined by NYSE rule 108. If you have any questions relating to this, please call Brian Pfeffer at 212-482-0149. This notice is being sent to you as a requirement defined in NYSE information memo 05-81.

Investors Protection Principles

Direct Access Partners, LLC has adopted principles to eliminate the potential conflicts of interest that may arise out of a relationship between Investment Banking and Research Departments. In adopting these principals Direct Access Partners, LLC announces:

There is no direct link between compensation for analyst and investment banking and analyst are not compensated for a specific investment banking services transaction;
Investment banking has no input into analyst compensation;
A committee approves all recommendations;
Discontinuation of coverage is disclosed as well as the rationale for such termination;
Research reports disclose whether the firm has received or is entitled to receive compensation from a covered company over the past 12 months; and
This process is monitored to ensure compliance with the principles

Customer Complaints

Any material customer complaints should be sent in writing to:
Direct Access Partners, LLC
40 Wall St, Trump Tower 42nd Floor
New York, NY 10005
Attn: Gerard Visci

Additionally any material complaints may be addressed to regulatory agencies if you need to escalate an issue.

Anti-Money Laundering