NOTICES & DISCLOSURES

REGULATION BEST INTEREST AND FORM CRS

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Customer Relationship Summary (Form CRS)

Regulation Best Interest Disclosure Document

SIPC DISCLOSURE

 

GFG Securities, LLC is a member of the Securities Investor Protection Corporation (SIPC) through which customer accounts are protected in the event of the firm’s insolvency up to $500,000; including a maximum of $250,000 for free cash balances.  SIPC is not the same as or a substitute for FDIC deposit insurance and it does not protect against declines in the market value of your securities. For additional information regarding SIPC, including obtaining a copy of a SIPC brochure, please contact SIPC at (202) 371‐8300 or by emailing asksipc@sipc.org.  Please visit the SIPC website at www.sipc.org.

PRIVACY NOTICE

We value your trust and are committed to the responsible management, use and protection of your nonpublic personal information. This Privacy Notice (“Notice”) describes how we collect, disclose, and protect your nonpublic personal information. If our Notice changes, we will send you a copy of the updated Notice at that time.

 

In this Notice, “you” means you, the client or prospective client. “We,” “our” and “us” refers to GFG Securities.

 

“Nonpublic personal information” means information:

 

  • You provide to us to obtain a financial product or service, such as your name, address, tax identification number and listing of financial assets;

  • About you resulting from a transaction involving a financial product or service between you and us, such as your account balance, and parties to transactions;

  • We otherwise obtain about you in connection with providing a financial product or service to you.

 

WHAT INFORMATION WE COLLECT:

 

We collect certain nonpublic personal identifying information about you (such as your name, address, social security number, etc.) from information that you provide on applications or other forms as well as communications (electronic, telephone, written or in person) with you or your authorized representatives (such as your attorney, accountant, etc.).

 

WHAT INFORMATION WE DISCLOSE:

 

We do not disclose the nonpublic personal information we collect about our customers to anyone except: (i) in furtherance of our business relationship with them and then only to those persons necessary to effect the transactions and provide the services that they authorize; (ii) to persons assessing our compliance with industry standards (e.g., professional licensing authorities, etc.); (iii) our attorneys, accountants, and auditors, as applicable; or (iv) as otherwise provided by law.

 

We may also share certain eligible information with our affiliates for purposes of providing additional financial services. You may limit our affiliates from marketing their products or services to you based on information that we share with them, such as your income and account history. Your decision to limit marketing offers from our affiliates will apply for five (5) years. Once that period expires, you will be allowed to extend your decision. This limitation does not apply in certain circumstances, such as if you currently do business with one of our affiliates or if you ask to receive information or offers from them.

 

We are permitted by law to disclose the nonpublic personal information about you to governmental agencies and other third parties in certain circumstances (such as third parties that perform administrative or marketing services on our behalf or for joint marketing programs). These third parties are prohibited to use or share the information for any other purpose. If you decide at some point to either terminate our services or become an inactive customer, we will continue to adhere to our privacy policy, as may be amended from time to time.

 

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide our products or services to you. Employees who violate our Privacy Policy will be subject to discipline, which may include termination of employment. We also maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

 

We may disclose all of the information we collect, as described above, in the course of providing our services to you (such as to complete financial transactions ordered by you) and also to offer you products or other services that we feel may be of benefit to you (such as offering you other financial products).

 

We will maintain the confidentiality of your information in accordance with this policy should you choose in the future to discontinue your relationship with GFG Securities.

BUSINESS CONTINUITY PLAN

GFG Securities has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disaster and disruptions are unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our Business Continuity Plan.

 

We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, and protecting the firm’s books and records.  In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

 

Our business continuity plan addresses data backup and recovery; all mission critical systems; alternative communications with customers, employees, and regulators; and alternate physical location of employees.

 

Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within one business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within one to two business days.

If you have questions about our business continuity plan, you can contact us at (305) 810-6555.

IDENTIFYING INFORMATION

To help the government fight the funding of terrorism and money laundering activities, federal law requires us to obtain, verify, and record information to identify each person who does business with us.  Therefore, we will ask to see documents to verify your identity and the identity of the entity you represent, if any.  These documents may include your driver’s license, entity documentation or other identifying documents.  At minimum, we will identify your name, address, and date of birth.

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