I just received a letter from LiveVol Securities saying my account will be transferred to Lightspeed Trading by July 31, 2015! The letter said that Interactive brokers will continue to be the clearance and settlement service. Obviously there are a lot of questions generated by this letter. I have live open positions at LiveVol Securities and is continuously being traded. Will the transfer disrupt my continuous trading??? I am most concerned about that. It sounds like LiveVol is getting out of the Introductory broker business. It could be that I may have to learn Lightspeed Trading Platform fast if I were to stay on. The part of the letter saying Interactive brokers will continuer to be the clearance and settlement service is puzzling since I am not aware that Lightspeed Trading is an introductory broker for Interactive brokers. Lot and Lots of questions. ------------------------------------------------------ COPY OF LETTER FROM LIVEVOL SECURITIES BELOW -------------------------------------------------------- July 1st, 2015 Re: Change in introducing firm Relationship Dear Account Owner: This letter is to inform you that your account currently held with Livevol Securities, Inc. (“Livevol Securities”) will be transferred to Lightspeed Trading, LLC (“Lightspeed Trading”) effective July 31, 2015 [not less than 30 days from date of this letter]. If you maintain a traditional retirement account (“IRA, Roth IRA”), your custodian, Equity Trust Company, will not change based upon this transfer. This change is a result of the recent acquisition of the accounts of Livevol Securities by Lightspeed Trading. IF YOU TAKE NO ACTION, YOUR ACCOUNT WILL TRANSFER AUTOMATICALLY. There is no cost to the customer for this transfer to Lightspeed Trading by the conversion date. Unless you object to the transfer, or instruct your investment representative to do otherwise, your account will be automatically transferred to the new introducing broker, Lightspeed Trading. There will be no change to your account number, login and password, balances or positions, and Interactive Brokers, LLC will continue to provide clearance and settlement services on a fully disclosed basis for your account. Account holders who choose not to allow their accounts to be transferred to Lightspeed Trading must make arrangements for transfer of their brokerage account(s) to another broker-dealer of their designation or otherwise close the account by withdrawing the assets held by Livevol Securities. There will be no costs to the customer to transfer away from Lightspeed at any time before or after the conversion date. If you choose to transfer your account (also known as ACAT’s) to a different broker dealer other than Lightspeed Trading, you should initiate an ACAT transfer. Be aware that account transfers are initiated by the receiving broker, and can typically take up to 10 business days or more. For this reason, immediate action is advised on your part if you choose this option, preferably by July 15, 2015. All of the transfers described in this notice are in compliance with Securities and Exchange Commission Regulation S-P, Privacy of Consumer Financial Information (see Privacy Notice below). If you have any questions, please contact Livevol Securities at email@example.com or call 866-575-0268 at the business hours of 9am-5pm EST. Sincerely, Luis Alvira Principal, Livevol Securities Inc.