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[RIO] is registered as an investment advisor with the state of Colorado, and its investment advisory representatives are
licensed by the state of Colorado. RIO will only transact business in other states to the extent RIO is registered under,
excluded from, or exempted from state registration requirements. No follow up, individualized responses to persons in
other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation
will be made absent compliance with applicable state requirements, or an applicable exemption or exclusion.