eration.</font></font></p>
      <p>&nbsp;</p>
      <p><font face="Arial, Helvetica, sans-serif" size="3"><b>6. Net Capital 
        Requirements</b></font></p>
      <p><font face="Arial, Helvetica, sans-serif" size="2">The Company is subject 
        to the Uniform Net Capital Rule under the Securities and Exchange Act 
        of 1934, as amended, which requires a broker-dealer to have, at all times, 
        sufficient liquid assets to cover current indebtedness. In acco