Fixed Income Extreme Market Conditions Disclosure

May 05, 2016

In the event of extreme market conditions impacting trading of Fixed Income securities (e.g., a shortage of liquidity and divergent prices during periods of significant ratings changes, interest rate movements or other issuer or market-wide events), clients may experience interruptions and/or delays in the order-handling process.

During such events, clients may experience an increase in the average time to execute a fixed income trade. Also, obtaining fixed income securities prices that are fair, consistent, and reasonable become more challenging during these volatile times. Therefore, various steps outside the normal course of business may be taken by LPL Financial.

Please consult your Financial Advisor for further details or questions related to these types of events and possible impact on fixed income trades.