Important Disclosures
USA Patriot Act
The USA PATRIOT Act is designed to detect, deter, and punish terrorists in the United States and abroad. The Act
imposes new anti-money laundering requirements on brokerage firms and financial institutions. Money laundering is the process
of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities. As part of
our required program, we may ask you to provide various identification documents or may do a background review of your firm
and/or customers. Until you provide, or we attain through our search, the information or documents we need, we may not be
able to open an account or effect any transactions for you.
Thank you for your patience and we hope that you will
support us in our efforts to deny terrorist groups access to the U. S. financial system.
Privacy Policy
On June 29, 2000, the United
States Securities and Exchange Commission published final Regulation S-P in the Federal Register. Regulation S-P requires
financial institutions, including broker/dealers such as BGB Securities, Inc. to develop privacy policies with respect to
customer non-public information and to notify its customers of such policies.
Broker/dealers typically collect
customer non-public information including personally identifiable financial information (e.g., information the customer provides
when the client relationship is established such as name, address, social security number, tax identification number, etc.)
to evaluate and to serve client needs and to complete client transactions. Many financial institutions also compile customer
lists derived from such personally identifiable information.
BGB does not disclose any non-public personal information
relating to its customers, or former customers, to affiliates or non-affiliated third parties, except as permitted by law,
to process client transactions or to fulfill legal and/or regulatory requirements.
BGB has implemented specific
policies and practices with respect to safeguarding the confidentiality and security of customer non-public financial information.
BGB’s employees are instructed to protect such information and are required to comply with these established policies
and practices.
Should you require any additional information, please feel free to contact
Bill Berno at (703) 528-7788.
