Alpaca Privacy Notice
FACTS

WHAT DOES ALPACA SECURITIES LLC DO WITH YOUR PERSONAL INFORMATION?

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit
some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal
information. Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us. This
information can include:●Social Security number and income●account balances and transaction history●email addressHow?

All financial companies need to share customers' personal information to run their everyday business. In the section
below, we list the reasons financial companies can share their customers' personal information; the reasons Alpaca
Securities LLC chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information

Does the Firm share?

For our everyday business purposessuch as to process your transactions, maintain your account(s), respond tocourt orders and legal investigations, or report to credit bureaus
For our marketing purposes
to offer our products and services to you
For joint marketing with other financial companies
For our affiliate’s everyday business purposes
information about your transactions and experiences
For our affiliates to market to you
For nonaffiliates to market to youYes

Can you limit thissharing?
NoYes

NoNoYes

N/ANoNo
No

N/AN/ATo limit our sharing

Email us at: support@alpaca.markets
Please put “Limit My Sharing” in the Subject Line to limit our sharing if we change our policy in thefuture.
Please note:If you are a new customer, we can begin sharing your information 30 days from the date we sent thisnotice. When you are no longer our customer, we continue to share your information as described inthis notice.

Questions?
Who we are
Who is providing this notice?
What we do
How does the Firm protect mypersonal information?
How does the Firm collect mypersonal information?

Why can't I limit all sharing?

Although you cannot currently limit the sharing that we do, our policy may change in the future. We
will provide note if our policies change and, you can contact us at any time to limit our sharing.
Email us at: support@alpaca.markets or Call +1 (650) 489-2017
Alpaca Securities LLC
To protect your personal information from unauthorized access and use, we use security
measures that comply with federal law. These measures include computer safeguards andsecured files and buildings.
We collect your personal information, for example, when you●●●

open an accountprovide account information
direct us to buy and sell securities

We may also collect your personal information from others, such as credit bureaus, affiliates, orother companiesFederal law gives you the right to limit only●●●

sharing for affiliates’ everyday business purposes-information about yourcreditworthiness,affiliates from using your information to market to you, andsharing for nonaffiliates to market to you.

What happens when I limit
sharing for an account I holdjointly with someone else?
Definitions
Affiliates

State laws and individual companies may give you additional rights to limit sharing. [See below
for more on your rights under state law.]Your choices will apply to everyone on your account unless you tell us otherwise.

Companies related by common ownership or control. They can be financial and nonfinancial
companies.
AlpacaDB, Inc.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial
companies.
None

Joint marketing

A formal agreement between nonaffiliated financial companies that together market financial
products or services to you.
None