Privacy Policy

FACTS

WHAT DOES CAMBRIDGE DO WITH YOUR PERSONAL INFORMATION?

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us. This financial information can include, but is not limited to, the following:

• Social Security Number

• Investment Experience

• Assets

• Account Numbers

• Income

• Account Transactions

• Contact Information

• Account Balance

When you are no longer our customer, we continue to share your information as described in this notice.

How?

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information, the reasons Cambridge chooses to share, and whether you can limit this sharing.

Reasons we can share your personal information:

Does Cambridge Share?

Can you limit this sharing?

For our everyday business purposes –

Such as to process your transaction, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes

No

For our marketing purposes –

To offer our products and services to you

Yes

No

For joint marketing with other financial companies

Yes

No

For our affiliates’ everyday business purposes –

Information about your transactions and experiences

Yes

No

For our affiliates’ everyday business purposes –

Information about your creditworthiness

No

We don’t share

For nonaffiliates to market to you –

Only if your financial advisor leaves Cambridge, retires or sells his or her practice

Yes

Yes

To limit our sharing

Call 888-245-0452 or visit JoinCambridge.com.

Please note:

If you are a new customer, we can begin sharing information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.

However, you can contact us at any time to limit our sharing.

Questions?

Call 888-245-0452 or visit JoinCambridge.com.

Who we are

Who is providing this

notice?

This notice is being provided on behalf of Cambridge Investment Research, Inc. and its affiliates: Cambridge Investment Research Advisors, Inc., Continuity Management Group, LLC. and TBS Agency, Inc. (“Cambridge”).

What we do

How does Cambridge protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

Cambridge trains its associates on the proper handling of personal information and requires companies that help provide services to you to protect the confidentiality of personal information they receive.

How does Cambridge collect my personal information?

We collect your personal information, for example, when you:

• Open an account

• Direct us to buy securities

• Give us your contact information

• Seek advice about your investments

• Enter into an investment advisory contract

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all

sharing?

Federal law gives you the right to limit only:

• Sharing for affiliates’ everyday business purposes – information about your creditworthiness

• Affiliates from using your information to market to you

• Sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choice will apply to everyone on your account – unless you tell us otherwise.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

• Our affiliates include companies with a common Cambridge Investment Research name; financial institutions such as TBS Agency, Inc. or Continuity Management Group, LLC, and nonfinancial companies such as Cambridge Investment Group, Inc. or Eneric Petroleum Corporation.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

• Nonaffiliates may include your financial advisor’s company and investment advisor firm, your financial advisor’s new broker-dealer, and investment adviser firm if your financial advisor chooses to leave Cambridge, and other broker-dealers and investment adviser firm designated by your financial advisor if he or she leaves Cambridge, retires, or sells his or her practice.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

• Our joint marketing partners include banks, credit unions, retirement plans, and other financial

institution programs.

Other important information

We also comply with more restrictive state laws to the extent they apply. For example, if you reside in Vermont or California, we will automatically opt you out of sharing your information with nonaffiliates for marketing purposes unless you have provided Cambridge with written authorization to opt you in to such sharing. Further, if you reside in California, you have the right to know what personal information is being collected, whether that information is sold or disclosed and to whom, and the right

to stop the sale of your personal information. For additional information, please refer to the table detailing your rights under

California law at JoinCambridge.com > Information for Investors.