Our business includes unregistered financings, including private placements offered under Regulation D, as well as the structure and sale of initial public offerings (IPOs), follow-on offerings, at-the-market (ATM) offerings, and equity and debt offerings, including municipal securities, on a best-efforts or firm-commitment basis. Other securities products or brokerage services may be more suitable for you.

E.F. Hutton & Co. does not have any minimum investment requirements; however, some financing offerings have a minimum investment amount which can vary by issuer and placement. Investment minimums, if any, will be listed in the private placement memorandum (“PPM”) or similar offering documents. Private placement offerings are only available to Accredited Investors. “Accredited Investors” is defined in SEC Rule 501(a) and includes natural persons with a net worth of more than $1 million (not including the person’s primary residence) or with an annual income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount during the current year. Private Placements are speculative and illiquid. Investors may lose some or all of their principal.

When we make a recommendation, you make the ultimate decision regarding the purchase or sale of investments. You may accept or reject any recommendation we make. It is your responsibility to monitor your investments, and we encourage you to do so regularly. We do not commit to provide on-going monitoring of your investments and we do not into a fiduciary relationship with you.

When we make a recommendation, you make the ultimate decision regarding the purchase or sale of investments. You may accept or reject any recommendation we make. It is your responsibility to monitor your investments, and we encourage you to do so regularly. We do not commit to provide on-going monitoring of your investments and we do not into a fiduciary relationship with you.

Additional information about our fees are available on our Best Interest Disclosure Document and in the PPM or similar offering document.

You will pay certain fees (commissions and sales concessions) in connection with investing in a private placement. The applicable fees will vary from offering to offering. Common fees include management fees, organizational and operating expense reimbursement and profit participation/carried interest fees.

Where these fees apply, the more transactions you enter into, the more compensation that we and your financial professional receive. This compensation creates an incentive for us to encourage you to invest in private placements. Commissions and other sales concessions are charged when a transaction occurs. You will be charged more the more transactions you do with our Firm, and we, therefore, have an incentive to encourage you to invest in private placements.

Transaction-based fees are based on a host of factors, including, but not limited to: issuer and the type of offering participated in, size of your transaction and/or overall value of your investment, frequency of your private placement investments, and available discounts and/or fee waivers.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

Additional information about our fees are available on our Best Interest Disclosure Document and in the PPM or similar offering document.

When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations and investment advice we provide you. Here are some examples to help you understand what this means.

E.F. Hutton & Co. primarily earns fees based on the amount invested. Therefore, we have a financial incentive to encourage you to invest in issues we offer.
Additional information about our conflicts of interest are available on our Best Interest Disclosure Brochure and in the PPM or similar offering document.

Registered Representatives earn a portion of the commissions and other transaction fees paid by the issuer to E.F. Hutton & Co. As commissions are based on a number of factors, so is the compensation paid to our Registered Representatives. For example, certain issuers pay higher commission rates than others. Employee bonuses may be paid based on the overall profitability of E.F. Hutton & Co.

Not for our firm. Yes for our financial professionals. Visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.

Additional information, including our most recent Relationship Summary, is available at our website at efhutton.com; or you can call your Registered Representative at (212) 970-3700 to request up-to-date information and a copy of the Relationship Summary.