Please take the time to review this notice as it applies to your relationship with our firm. This notice will describe to you how we handle your confidential information, how we protect it and other important information you should know about our firm.
Thank you for the trust you have placed in us. We look forward to working to continue to earn your trust.
What type of non-public information do we collect about you?
In the course of providing service to you, we collect non-public information about you from the following sources:
- Transaction documents, applications and other standard forms. Such information includes name, address, social security number, date of birth, driver’s license number and expiration date, assets, types and amount of investments, transactions and income.
- Information relating to the Company’s customers, pricing policies, margins, growth plans, employees, intellectual property, fixed assets, trade debt, bank debt, share ownership, financial statements and other proprietary or confidential information.
- Consumer reporting agencies may provide us with your credit worthiness and credit history.
- Institutions where you conduct financial transaction verify that the information you provide on applications and other documents and forms is true and accurate.
How do we protect the confidentiality and security of your non-public personal information?
Keeping your information secure is one of our most important responsibilities. We restrict access to non-public personal information about you to those employees and agents who need to know the information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your non-public personal information.
Do we disclose non-public personal information to third party affiliates?
We do not sell, share, or disclose your non-public personal information to non-affiliated third party marketing companies.
We do not disclose information we collect, described in the above section, other than contact information, to companies that perform marketing or other services on our behalf, or to other financial institutions with whom we have joint marketing agreements.
We may disclose non-public personal information about you under special circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, to conduct our operations, to follow your instructions as you authorize, or to protect the security of our financial records.
What is our policy relating to former customers?
If you decide to cease doing business with us, or you become an inactive customer, we will adhere to the privacy policie s and practices as described in this notice. We reserve the right to change this policy at any time and you will be notified if any changes occur. If you have any questions after reading this Policy, please contact our Privacy Officer in writing at:
JCP Securities, Inc.
19200 Von Karman Avenue, Suite 340
Irvine, CA 92612
ANTI-MONEY LAUNDERING CUSTOMER NOTICE
The USA Patriot Act
The USA Patriot Act signed by President Bush in October, 2001 imposes new anti-money laundering requirements on broker dealer firms and other financial institutions. By April 24, 2002, all broker dealers were required to have new comprehensive anti-money laundering programs in place.
What Is Money Laundering?
Money laundering is the process of creating the appearance that large amounts of money obtained from serious crimes such as drug trafficking, originated from a legitimate source. Not only does it occur in drug related incidents but in connection with a wide variety of crimes including fraud, illegal arms sales, racketeering, robbery and terrorism.
How Big Is the Problem and Why Is It Important?
The use of the U.S. financial system by criminals to facilitate terrorism and/or other crimes could well taint our financial markets. According to the U.S. State Department, one recent estimate put the amount of worldwide money laundering activity at $1 trillion per year.
What Are We Required To Do To Combat Money Laundering?
Under new rules required by the USA Patriot Act, our Anti-Money Laundering program must designate a special compliance officer, conduct employee training, conduct independent audits, and establish policies and procedures designed to detect and report suspicious transactions and ensure compliance with the new laws. As part of these requirements, we will be asking you to provide various identification documents or other information. Until you provide the documents or information we need, we will not be able to effect any securities transactions for you.
We thank you for your patience and hope you will support our efforts to deny terrorist groups access to America’s financial system.
Public Disclosure Hotline: For assistance with checking the background of a broker call the Public Hotline at (800) 289-9999.
FINRA Regulation Web Site Address: The investor brochure including information about the Public Disclosure Program can be found on this website: http://www.FINRA.org
CUSTOMER IDENTIFICATION PROGRAM NOTICE
Important Information You Need to Know About Transacting Business through JCP Securities
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 and is directly involved in a securities transaction. This Notice answers some questions about JCP’s Customer Identification Program.
What types of information will I need to provide?
When you enter into an engagement with us, JCP is required to collect certain information to identify you, such as the following:
- Your name
- Date of birth
- Identification number:
- U.S. 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 you.
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 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?
JCP Securities may not be able to assist you, or carry out transactions for you. If JCP has already opened a transaction for you, then we may have to terminate it.
We thank you for your patience and understanding, and hope that you will support the financial industry’s efforts to deny terrorists and money launderers access to America’s financial system.