Security Traders Association of Chicago C/O Gidley Management Group

“The organization contracts with gidley management group to perform general administative functions and general oversight of the financial record keeping of the organization.”

“Article vii - membership section 1. The membership in the organization shall consist of four classes: active, life, associate, and honorary. Section 2. Any person shall be eligible for active membership in the organization who is employed by a broker, dealer, financial institution, exchange or other trading related business (subject to board approval) located in the chicagoland investment community and is employed in some capacity that directly supports the trading of securities, and who has served in such capacity for a period of not less than one year (however, the one year requirement may be waived at the discretion of the membership committee.) a membership shall become void at the end of the fiscal year during which the member ceases to be active in the securities business in the chicagoland investment community except as explained in section four, or with approval from the membership committee. Section 3. Active membership in this organization shall be by election by the board of directors upon written application, sponsorship by two members in good standing, and with the approval of the membership committee. Section 4. Life membership in the organization shall be by appointment of the board of directors. Any retired member of the security traders association of chicago after twenty (20) years of membership and extraordinary service to the organization (as determined by the board of directors) may be eligible for life membership. Upon acceptance and approval by the board of directors, the member will not be assessed dues and will be termed a life member in good standing. If a life member returns to the securities business, life membership will cease and he/she must reinstate their active membership. If a life member desires membership in the security traders association, he/she will be charged accordingly. Section 5. Retired membership in the organization shall be by appointment of the board of directors. Any retired member of the security traders association of chicago after twenty (20) years of membership may submit in writing a request for retired membership. Upon acceptance and approval by the board of directors, the member will be assessed dues equal to 50% of current active member dues and will be termed a retired member in good standing. If a retired member returns to the securities business, retired membership will cease and he/she must reinstate their active membership. If a retired member desires membership in the security traders association, he/she will be charged accordingly. Section 6. Associate membership in the organization shall be by election by the board of directors. Any person who is engaged as a trader of floor broker for any broker, financial institution or securities firm either in or outside of the chicagoland investment community is eligible for associate membership after review by the membership committee. Membership shall be based on a flexible number agreed upon by the officers and directors on a fiscal year basis, never to exceed 49% of the regular membership. Such members are entitled to all of the privileges of the organization, except the right to vote or hold office. Section 7. Honorary membership shall be conferred on individuals by the board of directors. Section 8. The active membership of the organization shall be unlimited in number.”

“Article ix - nominations section 1. Every year, on or before september 15th, each member of the board of directors shall recommend one active member as a candidate for the nominating committee. Not more than one employee of a firm shall be eligible for the nominating committee during the same term. The general membership will vote for appointment to the nominating committee by selecting 7 of the 16 candidates submitted”

“The board retains the services of an independent cpa firm to prepare the organization's form 990. The president of the board reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing. The governing body is provided a reasonable amount of time to review the return and ask questions directly to the president or the contact at the independent cpa firm prior to filing.”

“Board members are annually required to complete a conflict of interest disclosure statement as a precursor to their service to the organization. Potential conflicts are logged and monitored by the secretary of the board.”

“Form 990, part vi, section b, line 15: management duties normally performed by ceo, executive director or top management official are performed by non-compensated board members.”

“Governing documents are available on the organization's website; the conflict of interest policy and financial statements are available upon written request to the organization.”