Privacy Notice

When you use Dash Prime as your broker/dealer, you entrust us not only with your hard-earned assets but also with your personal and financial data. We consider your data to be private and confidential, and we hold ourselves to the highest standards of trust in their safekeeping and use.

We collect non-public personal information about Dash Prime clients such as you, from the following sources:

  • Information we receive from you on applications or other forms;
  • Information about your transactions with us, our affiliates, or others; and
  • If you visit our Web site, information we collect via a Web server, often referred to as a “cookie.” Cookies indicate where a site visitor has been online and what has been viewed.

We do not disclose any non-public personal information about our customers or former customers to anyone, except as permitted by law. Moreover, we will not release information about our customers or former customers unless one of the following conditions is met:

  • We receive your prior written consent.
  • We believe the recipient to be you or your authorized representative.
  • We are required by law to release information to the recipient.

We only use information about you and your account to help us better serve your investment needs or to suggest services or educational materials that may be of interest to you.

To further protect your privacy, our Web site uses security programs and devices, which we believe to be in accordance with current business practices, including data encryption, user names and passwords, and other tools. We maintain physical, electronic and procedural safeguards to guard your personal account information. We also restrict access to your personal and financial data to authorized Dash Prime associates who have a need for these records. We advise you not to send such information to us in non-secure e-mails.

Confidentiality and Security

We maintain physical, electronic and procedural safeguards to guard your personal account information. We also restrict access to your personal and financial data to authorized Dash Prime associates who have a need for these records. We require all nonaffiliated organizations to conform to our privacy standards and they are contractually obligated to keep the information provided confidential and used as requested. Furthermore, we will continue to adhere to the privacy policies and practices described in this notice even after your account is closed or becomes inactive.

We will continue to conduct our business in a manner that conforms with our pledge to you, your expectations and all applicable laws.

Business Continuity Plan (BCP) – Disclosure Statement

We have developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business.  Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur.  With that in mind, we are providing you with this information on our business continuity plan.

Our Business Continuity Plan – We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business.  In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

Our business continuity plan addresses: data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.

Our clearing firms Apex Clearing Corp and Marex Capital Markets back up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firms that its objectives are to restore their own operations and be able to complete existing transactions and accept new transactions and payments assoon as practicable under the circumstances with an objective within the same business day. Your orders and requests for funds and securities could be delayed during this period.

Varying Disruptions – Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region.  Within each of these areas, the severity of the disruption can also vary from minimal to severe.  In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within the same business day.  In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within the same business day.  In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our customer emergency number, 312-692-9001.  If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities.

Contacting Us – If after a significant business disruption you cannot contact us as you usually do at 312-690-2500, you should call our alternative number 312-692-9001. If you cannot access us through either of those means, you should contact our clearing firms, Apex at 214-765-1100 or Marex at 312-795-7770 for instructions on how it may provide prompt access to funds and securities, enter orders and process other trade-related, cash, and security transfer transactions.

If you have questions about our business continuity planning, you can contact us via phone or mail:

Telephone: 312-690-2500

Mail: Dash Prime, LLC
200 South Wacker Dr, Suite 2400
Chicago, IL 60606

Please Note:  Our BCP is subject to modification. An updated summary will be promptly posted on our website, www.dashprime.com, and customers may alternatively obtain updated summaries by requesting a written copy by mail.

Investor Education and Protection Disclosure

FINRA Rule 2267 requires Dash to provide information about FINRA’s BrokerCheck program. An investor brochure that includes information describing the BrokerCheck program may be obtained from FINRA. The FINRA BrokerCheck hotline number is (800) 289-9999. The FINRA web site address is www.FINRA.org.

Anti-Money Laundering Disclosure

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financialinstitutions to obtain, verify and record information that identifies each person who opens an account. This notice answers some questions about Dash Prime’s Customer Identification Program (CIP).

What types of information will I need to provide?

When you open an account, we are required to collect the following information:

  1. Name;
  2. Date of birth;
  3. Address; and
  4. Identification number:
    1. U.S. citizen: taxpayer identification number (Social Security number or employer identification number)
    2. Non-U.S. citizen: taxpayer identification number; passport number and country of issuance; alienidentification card number; or government- issued identification showing nationality, residence and a photograph of you.
  5. For legal entity customers; the name, address, date of birth and Social Security number (or passport numberor other similar information, in the case of non-U.S. persons) for the following individuals (i.e., the beneficial owners):
    1. A single individual with significant responsibility for managing the legal entity customer (e.g., a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, or Treasurer); and
    2. Each individual, if any, who owns, directly or indirectly, 10% or more of the equity interests of the legalentity customer (e.g., each natural person who owns 10% or more of the shares of a corporation).

You may also need to show your driver’s license or other identifying documents.

A corporation, partnership, trust or other legal entity may need to provide other information such as its principal place of business, local office, employer identification number, certified articles of incorporation, government issued business license, a partnership agreement or a trust agreement.

US Department of the Treasury, Securities and Exchange Commission, FINRA and NYSE regulation currentlyrequire you to provide additional information, such as net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.

What happens if I don’t provide the information requested or my identity can’t be verified?

We may not be able to open an account or process transactions for you. If we have already opened an account for you, it may be closed.

Margin Disclosure Statement

We are furnishing this document to provide you with basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Before trading in a margin account, you should carefully review the margin agreement provided by your broker. Consult your broker regarding any questions or concerns you may have with your margin accounts.

When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from your brokerage firm. If you choose to borrow funds from your firm, you will open a margin account with the firm. The securities purchased are the firm’s collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and as a result, the firm can take action, such as issue a margin call and/or sell securities in your account, in order to maintain the required equity in the account.

It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:

You can lose more funds than you deposit in the margin account. A decline in the value of securities that are purchased on margin may require you to provide additional funds to the firm that has made the loan to avoid the forced sale of those securities or other securities in your account.

The firm can force the sale of securities in your account. If the equity in your account falls below the maintenance margin requirements under the law, or the firm’s higher “house” requirements, the firm can sell the securities in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.

The firm can sell your securities without contacting you. Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities in their accounts to meet the call unless the firm has contacted them first. This is not the case. Most firms will attempt to notify their customers ofmargin calls, but they are not required to do so. However, even if a firm has contacted a customer and provided a specific date by which the customer can meet a margin call, the firm can still take necessary steps to protect its financial interest, including immediately selling the securities without notice to the customer.

You are not entitled to choose which security in your margin account is liquidated or sold to meet a margin call. Because the securities are collateral for the margin loan, the firm has the right to decide which security to sell in order to protect its interests.

The firm can increase its “house” maintenance margin requirement at any time and is not required to provide you advance written notice. These changes in firm policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the member to liquidate or sell securities in your account.

You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a right to the extension.

The IRS requires Broker Dealers to treat dividend payments on loaned securities positions as a “substitute payment” in lieu of a dividend. A substitute payment is not, a “qualified dividend” and is not taxed as ordinary income.

Industry regulations may limit, in whole or in part, your ability to exercise voting rights of securities that have beenlent or pledged to others. You may receive proxy materials indicating voting rights for a fewer number of shares than are in your account, or you may not receive any proxy materials.

Interest Charges. The clearing firm which maintains custody of your assets will charge interest on a daily basis on the credit it extends to you. The rate of interest charged is set by us and is tied to the prevailing Fed Fund Rate. Unless otherwise agreed to, the rate charged to your account on debit balances will be Fed Fund Rate plus 1%. The daily interest charges are calculated by multiplying your daily adjusted debit balance by the daily margin interest rate. Generally speaking, your daily adjusted debit balance is the actual settled debit balance in your Margin and Short Account, increased by the value of securities held short and reduced by the amount of any settled credit balance carried in your Cash Account.

Your daily-adjusted debit balance is calculated each day by adjusting your previous day’s balance by any debits and credits to your account and by changes in the value of short positions. If your daily-adjusted debit balance is reduced because you deposit a check or other item that is later returned to us unpaid, your account may be adjusted to reflect interest charges you have incurred. Additional information related to interest charges and calculations can be found in the Margin Disclosure Statement which is part of your margin account application form.

Day-Trading Risk Disclosure

You should consider the following points before engaging in a day-trading strategy. For purpose of this notice, a “day trading strategy” means an overall trading strategy characterized by the regular transmission by a customer of intra-day orders to effect both purchase and sale transactions in the same security or securities.

Day trading can be extremely risky. Day trading, generally, is not appropriate for someone of limited resources andlimited investment or trading experience and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. In particular, you should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership or funds required to meet your living expenses.

Further, certain evidence indicates that an investment of less than $50,000 will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more in no way guarantees success.

Be cautious of claims of large profits from day trading. You should be wary of advertisements or other statements that emphasize the potential for large profits as a result of day trading. Day trading can lead to large and immediate financial losses.

Day trading requires knowledge of securities markets. Day trading requires in-depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete with professional, licensed traders employed by securities firms. You should have appropriate experience before engaging in day trading.

Day trading requires knowledge of a firm’s operations. You should be familiar with a securities firm’s business practices, including the operation of the firm’s order execution systems and procedures. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a stock suddenly drops, or if trading is halted due to recent news events or unusual trading activity. The more volatile a stock is, the greater the likelihood that problems may be encountered in executing a transaction. In addition to normal market risks, you may experience losses due to system failures.

Day trading will generate substantial commissions, even if the per trade cost is low. Day trading involves aggressive trading, and generally you will pay commissions on each trade. The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings. For instance, assuming that a trade costs $16 and an average of 29 transactions are conducted per day, an investor would need to generate an annual profit of $111,360 just to cover commission expenses.

Day trading on margin or short selling may result in losses beyond your initial investment. When you day trade withfunds borrowed from a firm or someone else, you can lose more than the funds you originally placed at risk. A decline in the value of the securities that are purchased may require you to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your daytrading strategy also may lead to extraordinary losses, because you may have to purchase a stock at a very high price in order to cover a short position.

Potential Registration Requirements. Persons providing investment advice for others or managing securities accounts for others may need to register as either an “Investment Advisor” under the Investment Advisors Act of 1940 or as a “Broker” or “Dealer” under the Securities Exchange Act of 1934. Such activities may also trigger state registration requirements.

Extended Hours Trading Risk Disclosure

You should consider the following points before engaging in extended hours trading. “Extended hours trading” means trading outside of “regular trading hours.” “Regular trading hours” generally means the time between 9:30 a.m. and 4:00 p.m. Eastern Standard Time.

Risk of Lower Liquidity

Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower levels of liquidity in extended hours trading as compared to regular market hours. As a result, your order may only be partially executed, or not at all.

Risk of Higher Volatility

Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater levels of volatility in extended hours trading than in regular market hours. As a result, your order may only be partially executed, or not at all, or you may receive an inferior price in extended hours trading to what you might receive during regular market hours.

Risk of Changing Prices

The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular market hours, or upon the opening of the next morning. As a result, you may receive an inferior price in extended hours trading to what you might receive during regular market hours.

Risk of Unlinked Markets

Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hour’s system may not reflect the prices on other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price on one extended hours trading system than you might receive on another extended hours trading system.

Risk of News Announcements

Normally, issuers release news announcements that may affect the price of their securities after regular market hours. Similarly, important financial information is frequently announced outside of regular market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.

Risk of Wider Spreads

The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.

Risk of Lack of Calculation or Dissemination of Underlying Index Value or Intraday IndicativeValue (“IIV”)

For certain Derivative Securities Products, an updated underlying index value, or IIV, may not be calculated or publicly disseminated in extended trading hours. Since the underlying index value and IIV are not calculated or widely disseminated during the pre-market and post-market sessions an investor who is unable to calculateimplied values for certain Derivative Securities Products in those sessions may be at a disadvantage to market professionals.

In addition to the risks described above, it is important that you understand that trading during the extended hourssession is at your own risk. Dash Prime support staff may not be available to assist you in the event you need to place a phone trade, cancel or status a pending order, verify or update a position, fix any routing, connectivity, or technology issue, or assist you with any other trading and account related matters. By entering any order during extended hours, you acknowledge that you understand and accept all the risks of trading during the extended hours trading sessions, including those described above.

Electronic Order Routing, Trading Systems, High Volumes and Trading Delays Disclosure

Dash Prime allows you to utilize third-party manual and automated trading applications, designed for order entry, routing and position management. In many cases these applications connect to our Order Management System (OMS) for the purpose of processing your order messages and routing your orders to the marketplace. Together, the trading applications and Dash Prime’s OMS shall be referred to as the Trading System. Numerous features have been designed to prevent Trading System failure. However, it is possible that service could be interrupted. In that event, you may not be able to access the Trading System to enter new orders, and/or modify or cancel orders previously entered. Any computer system or network, whether it is yours, your internet service provider’s, or ours, can experience unscheduled breakdowns, outages or slowdowns. Communication lines, telephone or other interconnection can experience similar problems. Regardless of systems problems, if trading volumes are high, orders might not be filled as quickly as when volumes are normal. Although Dash Prime has taken precautions, we cannot ensure complete reliability of the Trading System under all circumstances. In the event of Trading System problems, customers may attempt to place liquidating (closing) orders by calling the Dash Prime trade desk at 312-690-2500. If Trading Systems are down, we may not accept orders to open new positions. Dash Prime does not guarantee that these means will be available to you at a particular time. You agree that if access to the Trading System is not available, you must call us in order to access your account and you understand that during times ofhigh call volumes, you may experience significant delays connecting to our trade desk or client service group.

NO LIABILITY FOR THIRD-PARTY TRADING APPLICATIONS. YOU ACCEPT THAT DASH PRIME BEARS NO RESPONSIBILITY FOR ANY THIRD-PARTY TRADING APPLICATION YOU ELECT TO USE, WEATHER OR NOT SUCH APPLICATION IS LINKED TO THE DASH PRIME ORDER MANAGEMENT SYSTEM (OMS) OR ANY OTHER DASH PRIME SYSTEM. THIRD PARTY TRADING APPLICATIONS ARE NOT HOSTED, MAINTAINED OR MONITORED BY DASH PRIMEAND DASH PRIME MAKES NO CLAIMS OR WARRANTIES RELATED TO THEIR SUITABILITY, PERFORMANCE OR RELIABILITY. UNDER NO CIRCUMSTANCES SHALL DASH PRIME BE LIABLE FOR ANY DIRECT, PUNITIVE, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL LOSS OR DAMAGES, INCLUDING LOSS OF BUSINESS, PROFITS OR GOODWILL ARISING FROM THE USE OF A THIRD-PARTY TRADING APPLICATION.

LIMITATION OF LIABILITY. YOU ACCEPT THAT ALL DASH PRIME’S SYSTEMS ARE “AS IS,” AND WITHOUT WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OFFITNESS FOR A PARTICULAR USE, PURPOSE OR APPLICATION; TIMELINESS; FREEDOM FROM INTERRUPTION; OR ANY IMPLIED WARRANTIES ARISING FROM TRADE USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE. UNDER NO CIRCUMSTANCES SHALL DASH PRIME BE LIABLE FOR ANY PUNITIVE, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL LOSS OR DAMAGES, INCLUDING LOSS OF BUSINESS, PROFITS OR GOODWILL ARISING FROM THE USE OUR SYSTEMS. DASH PRIME SHALL NOT BE LIABLE TO YOU BY REASON OF DELAYS OR INTERRUPTIONS OF SERVICE OR TRANSMISSIONS, OR FAILURES OF PERFORMANCE OF OUR SYSTEM, REGARDLESS OF CAUSE, INCLUDING, BUT NOT LIMITED TO, THOSE CAUSED BY HARDWARE OR SOFTWARE MALFUNCTION;

 

GOVERNMENTAL, EXCHANGE OR OTHER REGULATORY ACTION; ACTS OF GOD; WAR, TERRORISM, OR OUR INTENTIONAL ACTS. YOU RECOGNIZE THAT THERE MAY BE DELAYS OR INTERRUPTIONS IN THE USE OF OUR SYSTEM, INCLUDING, FOR EXAMPLE, THOSE CAUSED INTENTIONALLY BY US FOR PURPOSES OF SERVICING THE SYSTEM. YOU ACKNOWLEDGE THAT ALTERNATIVE TRADING ARRANGEMENTS ARE AVAILABLE BUT DASH PRIME DOES NOT GUARANTEE THAT ALTERNATIVE TRADING ARRANGEMENTS WILL BE AVAILABLE AT A PARTICULAR TIME AND DASH PRIME WILL NOT BE HELD LIABLE FOR DELAYS IN ENTERING AN ORDER. IN NO EVENT SHALL DASH PRIMES LIABILITY, REGARDLESS OF THE FORM OF ACTION AND DAMAGES SUFFERED BY YOU, EXCEED THECOMMISSIONS AND FEES PAID BY YOU TO DASH PRIME IN THE MONTH IN WHICH THE ACTION AROSE.

During periods of heavy trading volume and during periods of high Internet traffic, customers utilizing an on-line trading system (aka electronic trading platform or website) can experience delays in execution and executions can occur at prices significantly away from the market price quoted at the time the order is entered. These execution delays could cause you to experience market losses.

  • High volumes of trading may cause delays in execution and executions at prices significantly away from the market price quoted or displayed at the time the order was entered. During periods of high volume trading Market Makers may execute orders manually or reduce their size guarantees resulting in delays in order execution and losses.
  • There are benefits and risks to placing market and limit orders. A market order will be executed fully and promptly regardless of The execution may be at a price significantly different from the current quoted price. Limit orders will be executed at a specified price or better. This will provide price protection but there is no guarantee that the order will be executed.
  • During periods of high Internet traffic you may have difficulty in accessing your account. If this occurs, dial 312-690-2500 for assistance in placing your order.
  • If you are trading on margin, the Company or its clearing broker has the right to raise maintenance margin requirements for stocks that the Company or the clearing broker determine to be volatile. The rationale for thisincrease is to help ensure that the equity in your margin account is sufficient to cover large changes in the price of a stock. The Company or its clearing broker at its option may prohibit the purchase of a stock on margin due to a stock’s volatility.
  • During a volatile trading day there may be delays in receiving trade reports. If you have placed a market order andnot received a report confirming the execution this does not mean that your order has not been executed. Market orders are executed as promptly as possible. If you cancel a market order and enter a second order you may be responsible for duplicate orders.

SIPC Protection Coverage

Dash Prime, LLC is a member of the Securities Investor Protection Corporation (“SIPC”), which currently protectssecurities customers of its members up to $500,000 (including $100,000 for claims for cash). An explanatory brochure is available upon request at www.sipc.org, or call SIPC at (202) 371-8300

Please note that money market mutual fund balances are not considered cash; they are considered to be securities.

Account protection does not cover the market risks associated with investing, unsuitability or issuer default.

Payment for Order Flow and Order Routing Disclosure

By maintaining an account with Dash Prime, you acknowledge that you intend to make your own decisions as to the market(s) to which you route your orders. Markets include national exchanges, affiliated and non-affiliated third-party executing brokers that operate Algos which you may wish to utilize, alternate trading systems (ATSs) and wholesale market makers. Dash Prime does not offer or operate any types of internal “smart router” which will make routing decisions, including market selection, on your behalf. When you select a market at the time you send each order, you are instructing Dash Prime to direct your order specifically to that market and your sole expectation of us, as it pertains to execution quality, is to transmit the order in a timely manner and according to your instructions. When you select a market during the order entry process, you are representing to Dash Prime that you have conducted your own evaluation of all markets made available to you, and you are selecting a particular market based on your own determination that it is the one most suitable to handle your order based on your particular execution objectives, including liquidity capture, exchange fee mitigation, desire to utilize a specific broker Algo, or any other factor that is relevant to you.  You understand that Dash Prime does not monitor or review execution quality across various markets for the purpose of determining where your individual orders should be routed. While Dash Prime may conduct internal reviews of execution quality, these reviews are not intended to redirect orders to a market that is different from the one selected by you at the time you send an order.

If you need assistance evaluating execution quality of certain markets that you access through Dash Prime, we will provide you with the links to their SEC Rule 605 and 606 reports. We will also provide you with any other information made available to us by these markets regarding their order types, Algo logic, or any other order handling factors. This information may be helpful to you in conducting your independent analysis to determine the most appropriate markets for your orders. You may contact our Trade Support Desk at primetrading@iongroup.com or 312-690-2565 for more information.

Pursuant to SEC Rule 607, Dash Prime is required to disclose its payment for Order Flow practices upon opening a new customer account and on an annual basis thereafter: (i) our policies regarding payment for order flow, including a statement as to whether any payment for order flow is received for routing customer orders and a detailed description of the nature of the compensation received, and (ii) our policies for determining, in the absence of specific customer instructions, where to route customer orders that are the subject of payment for order flow, including a description of the extent to which orders can be executed at prices superior to the NBBO.

Dash Prime allows clients to route equity and option orders to exchanges, electronic communication networks, orbroker-dealers during normal business hours and during extended trading sessions. Some of these venues provide payments to Dash Prime, or charge access fees depending upon the characteristics of the order and any subsequent execution. Dash Prime may pass all, part, or none of these payments or fees to clients. Firm-wide details of these payments and fees can be found in our quarterly Rule 606 order routing disclosures, located on our website www.dashprime.com, in the “Disclosures” section. Customer-specific details of these payments and fees are available upon written request. Dash Prime does not exercise any discretion over individual order routing andrequires clients to include specific routing instructions with each electronic order. For manual orders, such as phone orders, clients are asked to verbally provide routing instructions. However, in absence of receipt of specific routing instructions, Dash Prime will route the order, via a third-party executing broker whose membership is being utilized to access a particular exchange,  to the exchange or market center that is quoting at the NBBO. Marketable client orders are executed at the NBBO, and in some cases, may receive price improvement. If there is not enough quantity quoted at the NBBO to fill the entire order and the NBBO changes before the order is filled, the order will continue to seek the next best quoted price of the then-current NBBO as long as the order remains marketable.

SEC Rule 606 requires all broker-dealers that route customer orders in equity and option securities to make publicly available quarterly reports that, among other things, identify the venues to which customer orders are routed for execution and also disclose the material aspects of the broker-dealer’s relationship with such venues. Clients may also request specific order routing information for their transactions. Upon request, Dash Prime will provide the identity of the venue to which each of the client’s orders were routed for execution during the six months prior to therequest. For not-held orders, clients may request additional routing information pursuant to Rule 606(b)(3). If you wish to receive this information, please contact the Dash Prime compliance department or your client representative.

Generally, Dash Prime does not make order routing decisions on behalf of our clients. We display available routes on various trading platforms’ order entry screens and require clients to choose their routing destination at the time each order is placed. Clients have the option to route their orders to specific exchanges or to other broker dealers’ “smart routers” or “algos”. Since routes are typically displayed as acronyms, Dash Prime provides a route glossary so thatclients may be certain of the exact venue or broker to which they are directing their orders. This glossary can be found on our Dash Prime reporting portal (i.e. customer website, post login) in the Notifications section.

Orders which are directed by clients to smart routes and algos may have to be classified as non-directed under Rule 606 even though the client gave Dash Prime specific instructions related to the routing of these orders. Any orders which Dash Prime is required to classify as non-directed will be included in the Firm’s quarterly 606 routing disclosure report. It is important to keep in mind that even though these orders were classified as non-directed, Dash Prime did not exercise any discretion over where the orders were routed. Orders are always routed based on the route selected by the client.

You can access Dash Prime’s 606 reports in the disclosure section of the Firm’s website (www.dashprime.com). There, you will also see links to the SEC Rule 606 order routing reports of any brokers to which customers route non-directed orders through Dash Prime. These reports will provide you with additional information about how these brokers handled your orders.

Options Trading Disclosures

I understand that options trading is highly speculative and contains a high degree of risk and that options trading is not suitable for all investors. I agree that prior to completing the “Options” section of the Account Application I will carefully review and consider my financial situation, risk tolerance, and investment objectives. I will only apply for an Options Account if, based on that review, I am fully prepared financially to undertake such risks, withstand any andall losses incurred, including total loss of premium, plus transaction costs. I understand that Dash Prime reserves theright to terminate or restrict my options trading privileges if it determines that my trading activities or option positions present a risk to Dash Prime.

Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD) as well as the November 2012 and October 2018 Supplement to Characteristics and Risks of Standardized Options. These documents explain the characteristics and risks of exchange traded options. Copies of these documents may be obtained from Dash Prime, from any exchangeon which options are traded or by contacting the Options Clearing Corporation directly at 1 N. Wacker Dr., Suite 500,Chicago, IL 60606. (1-888-678-4667) or via the OCC website at http://www.optionsclearing.com/about/publications/character-risks.jsp.

Special Statement for Uncovered Options Writers

There are special risks associated with uncovered option writing which expose the investor to potentially significant loss. Therefore, this type of strategy may not be suitable for all customers approved for options transactions.

  1. The potential loss of uncovered call writing is unlimited. The writer of an uncovered call is in an extremely riskyposition, and may incur large losses if the value of the underlying instrument increases above the exercise price.
  2. As with writing uncovered calls, the risk of writing uncovered put options is substantial. The writer of an uncovered put option bears a risk of loss if the value of the underlying instrument declines below the exercise price. Such loss could be substantial if there is a significant decline in the value of the underlying instrument.
  1. Uncovered option writing is thus suitable only for the knowledgeable investor who understands the risks, has the financial capacity and willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. In this regard, if the value of the underlying instrument moves against an uncovered writer’s options position, the investor’s broker may request significant additional margin If aninvestor does not make such margin payments, the broker may liquidate stock or options positions in the investor’s account, with little or no prior notice in accordance with the investor’s margin agreement.
  2. For combination writing, where the investor writes both a put and a call on the same underlying instrument, the potential for risk is unlimited.
  3. If a secondary market in options were to become unavailable, investors could not engage in closing transactions, and an option writer would remain obligated until expiration or assignment.
  4. The writer of an American-style option is subject to being assigned an exercise at any time after he has written the option until the option expires. By contrast, the writer of a European-style option is subject to exercise assignment only during the exercise period.

NOTE: It is expected that you will read the booklet entitled Characteristics and Risks of Standardized Options available from us via our company website, DashPrime.com. In particular, your attention is directed to the chapter entitled Risksof Buying and Writing Options. This statement is not intended to enumerate all of the risks entailed in writing uncovered options.

Stop Order Disclosure

While stop orders may be a useful tool for investors who are unable to regularly monitor the price of their positions,stop orders are not without potential risks. Before entering any stop orders, you should be aware of the following:

  • Stop prices are not guaranteed execution prices. A “stop order” becomes a “market order” when the “stop price” is reached and firms are required to execute a market order fully and promptly at the current market price. Therefore, the price at which a stop order ultimately is executed may be very different from theinvestor’s “stop ” Accordingly, while a customer may receive a prompt execution of a stop order that becomes a market order, during volatile market conditions, the execution may be at a significantly different price from the stop price if the market is moving rapidly.
  • Stop orders may be triggered by a short-lived, dramatic price change. Customers should be informed that, during periods of volatile market conditions, the price of a stock can move significantly in a short periodof time and trigger an execution of a stop order (and the stock may later resume trading at its prior price level). Investors should understand that if their stop order is triggered under these circumstances, they may sell at an undesirable price even though the price of the stock may stabilize during the same trading day.
  • Sell stop orders may exacerbate price declines during times of extreme volatility. The activation of sellstop orders may add downward price pressure on a If triggered during a precipitous price decline, a sell stop order also is more likely to result in an execution well below the stop price.
  • Placing a “limit price” on a stop order may help manage some of these risks. A stop order with a “limit price” (a “stop limit” order) becomes a “limit order” when the stock reaches the “stop price.” A “limit order” isan order to buy or sell a security for an amount no worse than a specific price (i.e., the “limit price”). By using a stop limit order instead of a regular stop order, a customer will receive additional certainty with respect to the price the customer receives for the stock. However, investors also should be aware that, because brokers cannot sell for a price that is lower (or buy for a price that is higher) than the limit price selected, there is the possibility that the order will not be executed at all. Customers should be encouraged to use limit orders in cases where they prioritize achieving a desired target price more than getting an immediate execution irrespective of price.

Customer Relationship Summary

Introduction. Dash Prime, LLC (“Dash” or “We”) is a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (SIPC). Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. This document is intended to provide you with a high-level overview of Dash’s services, fees, costs, conflicts of interest, standard of conduct, disciplinary history, and the disciplinary history of Dash’s financial professionals. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker- dealers, investment advisers, and investing.

What investment services and advice can you provide me?

Description of Services: Dash offers investors the ability to buy and sell investment products like stocks, ETFs, options, and futures in a brokerage account. Dash acts in an agency broker- dealer capacity and does not make investment recommendations. All trading at Dash is directed by you or your self-selected authorized agent. Dash employs registered representatives for the sole purpose of servicing clients’ accounts, supporting Dash’s operations, and introducing new clients. Dash sales representatives are prohibited from making recommendations to retail investors.

Dash does not employ “brokers” or “advisors” to manage your account. We do not monitor the performance of your account for purposes of recommending changes in investments or make recommendations as to whether you shouldbuy, sell or hold investment products. We do provide online reports to assist you with monitoring your own account. We do monitor your account for other purposes such as compliance and to ensure that your account does not present undue risk to Dash.

New accounts are subject to the following minimum funding requirements:

  • $100,000 for Margin Accounts
  • $250,000 for Portfolio Margin Accounts

In certain cases, we may waive the minimum funding requirements listed above. For additional info, please contact us at 312-690-2565 or primeinfo@iongroup.com

For more details on services offered by Dash, please visit www.dashprime.com or contact us at 312- 690-2565 or primeinfo@iongroup.com

Conversation Starter. Ask your financial professional:

  • Given my financial situation, why should I choose a brokerage account?
  • What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?

What fees will I pay?

Fees, Costs, Conflicts, and Standard of Conduct: As a Dash customer, the principal fees and costs you may incur for our brokerage services are: (i) Commissions; (ii) Exchange and Regulatory fees; (iii) Interest and Financing Costs;(iv) Payments for third-party services; and (v) stock loan fees. Fees and costs will vary depending on the products you trade and the volume of your trading. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amountof money you make on your investments over time. Please make sure you understand what fees and costs youare paying. See below for an overview of the fees and costs:

  • Commissions: Commissions are transaction-based fees charged by brokers. Dash commissions vary based on factors such a trading volume and services As a guideline, clients can expect to pay no more than $0.75 per option or futures contract or $0.01 per stock or ETF share. Clients with high trading volumes will pay significantly less.
  • Exchange and Regulatory Fees: Exchanges and regulators may charge fees to These fees may be chargedto your account in addition to commissions. Exchange/Regulatory/Clearing fees charged to you may be greater thanthe corresponding fees paid by Dash (e.g., Dash may receive aggregate volume discounts that are not passed on to you). In some cases, various exchanges may pay rebates to Dash for routing certain order types. Some or all of these rebates may be passed back to you.
  • Account Maintenance Fees: Dash does not charge account maintenance fees. IRA accounts will incur an annual custody fee.
  • Subscription Service Fees: Dash offers you access to third-party trading software, real-time streaming market data,and other subscription services. If you elect to subscribe to any of these services, you will be charged for them. A list of third-party trading platforms offered by Dash can be found here: dashprime.com/platforms 
  • Interest and Financing Costs: Through its clearing firms Apex Clearing Corp, Dash may offer you financing, including allowing you to borrow on margin or to borrow stock for purposes of short selling. These services have corresponding costs, which are charged to your account in the form of margin loan interest and stock borrow

Conversation Starter. Ask your financial professional:

  • Help me understand how these fees and costs will affect my
  • What would make those fees more or less?
  • What services will I receive for those fees?

What are your legal obligations to me when providing recommendations? How does your firm makemoney and what conflicts of interest do you have?

We do not provide recommendations. Dash makes money by charging commissions and/or receiving payment for order flow on your self-directed trading, as well as charging interest on financing, and receiving interest on uninvested cash in your account. The way we make money can create conflicts with your interests. You should understand and ask us about any conflicts because they can affect the services we provide to you. While all orders you send to Dash will be self-directed, Dash offers you a selection of routing options, including routes which may result in the collection ofpayment for order flow. Dash benefits financially from some of the routing choices that you make. However, we do not provide recommendations to attempt to convince you to route your order to any particular venue or to purchase, sell or hold a position in any investment product or to use an investment strategy. Dash makes more money when you trade more. The same commissions which generate revenue for Dash, reduce the amount of profit you keep on winning trades and increase the amount of loss on losing trades. Dash does not conduct proprietary trading against customer accounts. Dash does not sell, distribute, recommend, market, or otherwise encourage you to trade in specific products. Dash does not act as an investor, placement agent, underwriter, distributor, remarketing agent, structurer,securitizer, investment manager, investment advisor, commodity trading advisor, municipal advisor, market maker,or trader and does not produce any proprietary research. As such, Dash does not believe that any third-partypayments it receives pose a material conflict of interest with you.

Conversation Starter. Ask your financial professional:

  • How might your conflicts of interest affect me, and how will you address them?

How do your financial professionals make money?

Dash staff are primarily compensated by salary and merit-based discretionary bonuses. The bonus component is calculated based on factors including company and individual performance. Certain registered representatives may also receive a commission on the revenue generated by clients which the representative introduced to Dash. All Dash representatives and employees are strictly prohibited from making investment recommendations or soliciting orders.

Do you or your financial professionals have legal or disciplinary history?

Yes. Visit Investor.gov/CRS for a free and simple search tool to research Dash and our financial professionals.

Conversation Starter. Ask your financial professional:

  • As a financial professional, do you have any disciplinary history? For what type of conduct?

Additional Information

You can find additional details about Dash and our brokerage services at www.dashprime.com. If you would like to receive up-to-date information or a copy of this Customer Relationship Summary, contact us at 312-690-2565 or primeinfo@iongroup.com

Dash does not assign registered representatives to manage client accounts. Our registered representatives areemployed by Dash, which is a broker-dealer and not an investment advisor. If you have any concerns regarding the service that you receive, you can contact us at 312-690-2565 or primeinfo@iongroup.com

Conversation Starter. Ask your financial professional:

  • Who is my primary contact person?
  • Is he or she a representative of an investment adviser or a broker-dealer?
  • Who can I talk to if I have concerns about how this person is treating me?