Southwest Securities, Inc. Privacy Policy

At Southwest Securities, Inc. (Southwest), we are committed to protecting your privacy and

the confidentiality of your personal and financial information. The measures we take to keep

your personal information private and secure are outlined below.

Southwest Securities, Inc. has multiple affiliates, including SWS Financial Services, Inc., SWS

Capital Corporation, Southwest Securities, FSB and Southwest Insurance Agency. These

companies, along with Southwest Securities, Inc., are wholly owned subsidiaries of SWS Group,

Inc., a financial holding company whose stock is listed on the New York Stock Exchange under

the ticker symbol SWS. Since the affiliates are all part of one corporate family, they work with

one another and may work together to service your financial needs. The sharing of your

information among our affiliates enables us to serve you more efficiently and makes it more

convenient for you to do business with us. We are permitted by law to share information with our

affiliates about your account history and your experiences with us. All of our affiliates follow the

same privacy policies.

How We Protect Confidentiality

 Southwest uses procedural, physical and electronic system safeguards to store and secure

information about you in compliance with federal standards. Our systems protect your

information from unauthorized access, alteration, and destruction. Access is permitted only to

those individuals within our organization who need the information to perform their job

responsibilities.

When we enter into agreements with other companies to provide services to us or to make

products and services available to you, we include a confidentiality clause. Under such an

agreement, these companies may receive information about you, but they may only use it for the

intended purpose - to benefit you.

Persons Covered by the Privacy Policy
 

The Southwest Privacy Policy applies to anyone who is a current or former Southwest

brokerage client or who registers with one of our services or promotional offers. We provide

you with a copy of this policy when you open an account, and we send you annual notifications

thereafter. If we change our policy regarding the sharing of information, we will notify you in

advance and give you the opportunity to "opt out" of such disclosure.

How We Obtain Information About You

In the normal course of business, we collect, retain and use information about you to serve

your financial needs, administer your account(s) and inform you of products and services that

may be of interest. This data, known as non-public personal information, may be collected from

several sources, including: applications and other forms you file with us (e.g., name, assets,

income), records of transactions with us, our affiliates, non-affiliated third parties and others

(e.g., credit report). Because we strive to provide you with the best possible service, the accuracy

and completeness of your personal information is important to us. We ask that you review your

information regularly to ensure that it is correct. Please contact your account representative or

Southwest directly if you need to correct or update your personal information.

Sharing Information-With Whom and Why

Southwest does not sell your personal information to anyone. We restrict the types of

information we share and the types of entities with whom we share it. The primary reason for

sharing information about you is to increase your convenience in transacting business with us

and to give you more financial service choices.

We do not disclose your personal information to non-affiliated third parties, unless one of the

following exceptions applies:

We disclose personal information to service providers that assist us in processing your

transactions or servicing your account(s). An example would be the company that prints and

mails your account statement. We may also disclose personal information to third party service

providers in an effort to improve and better market the products and services we offer.

We disclose or report personal information in limited circumstances when we believe in good

faith that disclosure is required or permitted under law. For example, we would provide

information in cooperation with securities regulators or law enforcement authorities, to resolve

consumer disputes, or to perform credit evaluations and authenticate checks.

Internet Security

We do not retrieve account or personal information from visitors who browse the public (prelogon)

areas of our Web sites. Clients who have the ability to access their accounts online are

required to log on with their user name and individually selected password. Your password is

known solely to you, the client, and should never be shared with anyone. You may change your

password as often as you wish.

When you access your account online, it is through a Secure Socket Layer-encrypted session

between your browser and our servers. To ensure the highest level of security, we have installed

VeriSign Global Server IDs on each server. We will continue to enhance security procedures as

new technologies become available. Each time you access your account please don't forget to log

off when you are finished. This will prevent someone else from accessing your account if you

leave your computer and your session hasn't automatically shut down.

Southwest employees use information about you to respond to your needs and to provide you

with information about specific products in which you may have an interest. We instruct our

employees to use strict standards of care in handling the personal, confidential information of

customers and remind them on a regular basis of their obligations with regard to the

confidentiality of customer information.

Option to Opt Out and Change Notices

If for any reason at any time in the future, we find it necessary to disclose any of your

personal information in a way that is inconsistent with this policy, we will give you advance

notice of the proposed change and the opportunity to opt out of such disclosure.

For your reference, this policy has been posted to our Web site at www.swst.com. If you

have questions or concerns, please contact us via email at info@swst.com.

Southwest Securities, Inc.

1201 Elm Street, Suite 3500
Dallas, Texas 75270
(214) 859-1800, info@swst.com
www.swst.com
Member: NYSE/NASD/SIPC