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These valuations reflect securities or assets held at First Clearing, LLC, which carries your account and acts as your custodian for funds and securities deposited with them through Cutter & Company Brokerage, Inc., your introducing firm, or as a result of transactions processed for your account by First Clearing, LLC. The prices indicated are obtained from sources considered reliable but may not represent actual market values. If there is no readily determinable market value for a security, its value will be carried at zero. If you have questions concerning the valuation of any of the securities, please contact your registered representative.