SMH CAPITAL PRIVACY POLICY

Your Privacy is Important to Us

At SMH Capital Inc., we recognize the importance of protecting your privacy. We strive to maintain the privacy of such information while we help you achieve your financial objectives. The following disclosure explains what nonpublic personal information we collect about you, why we collect it, what we do with that information, and the steps we have put in place to protect the nonpublic personal information you have entrusted to us.

Information We Collect

To serve you better and manage our business, it is important that we collect and maintain accurate information about you. We collect nonpublic personal information about 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
• Information we receive from a consumer reporting agency.

Protecting Your Information

We restrict access to your non-public personal information to those employees and agents who need access to the information to perform their job functions or provide products or services to you. We protect your non-public personal information from access by third parties by maintaining physical, electronic, and procedural safeguards.

Information We Disclose to Third Parties

It is our policy not to disclose any of your non-public personal information to non-affiliated third parties without your consent except as required or permitted by law or unless those parties are providing services or support to us and have agreed to keep your non-public personal information confidential. Examples of these parties include the companies we use to clear our securities transactions, prepare and mail your account statements, or to perform our internal auditing. Even if you cease to transact business with SMH Capital, we will continue to apply the same protections to your non-public personal information as we did when you were an active client.

Important Disclosure Information

This advertisement may only be viewed by residents of AL, AZ, CA, CO, CT, FL, GA, IA, IL, IN, MA, MD, MI, MN, NC, NE, NJ, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI.

There is no guarantee that the services described herein may be successfully completed and no assurances can be given that restricted securities will be sold.

SMH Capital Inc. and its financial advisors and investment representatives do not offer tax or legal advice. Individuals should consult their personal tax and/or legal advisors before making any tax- or legal-related investment decisions.

Services are offered through SMH Capital Inc., member FINRA, SIPC.