IMPORTANT INFORMATION YOU NEED TO KNOW ABOUT OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. This Notice answers some questions about our Customer Identification Program.
WHAT TYPES OF INFORMATION WILL I NEED TO PROVIDE?
When you open an account, our firm is required to collect information such as the following from you:
Your Name/Date of Birth/Address/Identification Number
US Citizen: taxpayer identification number (social security number or employer identification number) Non-U.S. Citizen: taxpayer identification number, passport number, and country of issuance, alien identification card number, or government-issued identification showing nationality, residence, and a photograph of yourself.
You may also need to show your driver’s license or other identifying documents.
A corporation, partnership, trust or other legal entity may need to provide other information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement, or a trust agreement. U.S. Department of the Treasury, Securities and Exchange Commission, FINRA, and the New York Stock Exchange rules already require you to provide most of this information. These rules also may require you to provide additional information, such as your net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.
WHAT HAPPENS IF I DON’T PROVIDE THE INFORMATION REQUESTED OR MY IDENTITY CAN’T BE VERIFIED?
Our company may not be able to open an account or carry out transactions for you. If we have already opened an account for you, we may have to close it.
We thank you for your patience and hope that you will support the financial industry’s efforts to deny terrorists and money launderers access to America’s financial system.
Routing Disclosure-Rule 606
The U.S. Securities and Exchange Commission’s client disclosure rule, Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer’s relationship with such venues.
Current Reports: Click Here
Historical Reports: Click Here
DIRECT LINKS TO PHX FINANCIAL AND REPRESENTATIVES CRD: PHX FINANCIAL, INC. 144403