• Call Recording Disclosure

• Day Trading Risk Disclosure

• Margin Risk Disclosure Statement

• AML Disclosure

• Rule 606

• Business Continuity Plan

SEC-Required Report on Routing of Customer Orders

Shoreline Trading Group LLC has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, Shoreline Trading Group LLC has selected the execution venue on behalf of its customers.

For its equity and option transactions, the Firm is a fully-disclosed introducing Broker to Goldman Sachs Execution & Clearing and Bear Stearns Securities Corp. The Firm receives a rebate on shares routed to certain venues when such shares add liquidity. The Firm provides no incentives for orders to be routed to any market center or ECN, non-directed or otherwise.

Select Report 03/31/2008 12/31/2007 09/30/2007 06/30/2007 03/31/2007 12/31/2006 09/30/2006 06/30/2006 03/31/2006 12/31/2005 09/30/2005 06/30/2005 03/31/2005 12/31/2004 09/30/2004 06/30/2004 03/31/2004 12/31/2003 09/30/2003 03/31/2003 12/31/2002 09/30/2002 06/30/2002 03/31/2002 12/31/2001

Los Angeles

310-536-8670

Santa Monica

310-573-8511

New York

917-512-7250