Disclaimer

 

www.finra.org |www.sec.gov.| www.sipc.org

Market Securities, LLC (“Market”) is a FINRA registered Broker-Dealer (Financial Industry Regulatory Authority, www.finra.org) and a Member of SIPC (www.sipc.org).To look up any of our US registered reps, please go to BrokerCheck at: https://brokercheck.finra.org/

DISCLOSURES

U.S. government rules adopted to prevent money laundering and terrorist financing require all U.S. financial institutions to obtain, record and verify information that identifies each individual or entity that opens an account. When you open an account with or through Market, we will ask you for your name and address. We will also ask for an identification number. For U.S. entities, it means your employer identification number, for non-U.S. entities, it means a taxpayer identification number. In addition, you may be required to provide identification documents as necessary to enable the firm to verify your identity and we may screen your name against various databases to verify your identity. All information and documentation will be treated in a manner so as to protect your privacy. Market is required to verify the identity of its customers and in certain circumstances, we may not be able to open an account or conduct any transactions for you until we have obtained and verified the necessary identification information. If we have opened an account for you, we may have to restrict trading or close it if you do not supply the necessary information or documents or if we are unable to verify your identity.

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Market has engaged RBC Clearing & Custody (“RBC”) to serve as its clearing firm to execute securities transactions and carry client accounts on a fully disclosed basis.

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You are advised to promptly report any inaccuracy or discrepancy in your account (including unauthorized trading) to Market and RBC, the custodian of your account. Please be advised that any oral communication should be reconfirmed in writing to further protect your rights, including your rights under the securities investor protection act. RBC’s contact information is as follows:

RBC Clearing & Custody

60 South Sixth Street,

Minneapolis, MN  55402

Tel: 1-800-769-2511

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Business Continuity Disclosure Statement:

Market has developed a business continuity plan regarding how it will respond to events that significantly disrupt its business. Since the timing and impact of disasters and disruptions is unpredictable, Market 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.

Contact – if after a significant business disruption, you cannot contact us as you usually do, you should call our general number, (917) 924-9811. If you cannot access Market through either of those means, you should directly contact its clearing firm, RBC, to process limited trade-related transactions, cash disbursements and security transfers. instructions to RBC must be in writing and transmitted via e-mail or postal service as follows:

RBC Clearing & Custody

60 South Sixth Street,

Minneapolis, MN  55402

Tel: 1-800-769-2511

For additional information about how to request funds and securities when your Market professional cannot be contacted due to a significant business interruption, please visit RBC’s web site at http://www.RBC.com/. if you cannot access the web site, RBC may be contacted at the number above.

Market plans to quickly recover and resume business operations after a significant business disruption and respond by safeguarding its employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing its customers to transact business. In short, Market’s business continuity plan is designed to permit the firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.

Market’s business continuity plan addresses: data backup and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counterparty impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business. Market’s clearing firm, RBC, backs up important records in a geographically separate area. while every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, Market has been advised by RBC that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within four (4) hours. Customer orders and requests for funds could be delayed during this period.

Varying Disruptions – significant business disruptions can vary in their scope, such as only the 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. RBC’s recovery time objective for business resumption, including any necessary relocation of personnel or technology is four (4) hours. This recovery objective may be negatively affected by the unavailability of external resources and circumstances beyond Market’s control. in the event of a significant disruption we plan to notify you through our website, www.Market-securities.us.com.if the significant business disruption is so severe that it prevents Market from remaining in business, the firm will assure our customers prompt access to their funds and securities.

For more information – if you have questions about Market’s business continuity planning, please contact the firm at (917) 924-9811.

Our Chief Compliance Officer can be reached at Erin.Baskett@market-securities.com and at +1-636-675-3746.

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PRIVACY:

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 Market, 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 its name, address, social security number, tax identification number, RBC.) 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.

Market does not disclose any non-public personal information relating to its customers, or former customers, to affiliates or nonaffiliated third parties, except as permitted by law, to process client transactions or to fulfill legal and/or regulatory requirements. Market has implemented specific policies and practices with respect to safeguarding the confidentiality and security of customer non-public financial information. Market’s employees are instructed to protect such information and are required to comply with these established policies and practices. Market considers its privacy responsibilities to be of paramount importance and will continue to vigorously protect the interests of its clients.

Should you require any additional information, please write to Erin Baskett, Chief Compliance Officer, Market Securities LLC, 85 broad street, 17th floor, New York, NY 10004.

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Complaints:

Market customers may direct complaints regarding their accounts to Erin Baskett, Chief Compliance Officer, at (636) 675-3746. written complaints may be sent to:

Market Securities LLC

85 Broad Street

17th floor

New York, NY 10004

Attn: Compliance Department

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Market neither pays for nor receives compensation for directing order flow.

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Execution Policy and 605/606 Reporting:

On November 15, 2000, the Securities and Exchange Commission adopted rules mandating the public disclosure of order execution and routing practices (the “Disclosure Rules”). Under Rule 605 (formerly SEC Rule 11Ac1-5), market centers that trade national market system securities, are required to make available to the public monthly electronic reports that include uniform statistical measures of execution quality. Under Rule 606 (formerly SEC Rule 11Ac1-6), broker-dealers that route customer orders in equity and option securities are required to make publicly available quarterly reports that, among other things, identify the venues to which customer orders are routed for execution.

The information required by SEC Rules 605 and 606 does not encompass all the factors that may be important to investors in evaluating the order execution and routing services of a broker-dealer. SEC Rule 605 statistics are intended to facilitate a comparison of execution quality between market makers, alternative trading systems, and other trading venues. However, any venue’s statistics reflect varying types of orders received from different customers with a wide range of objectives. In addition, SEC Rule 606 statistics are intended to provide a general overview of a broker-dealer’s order routing practices. Accordingly, the statistical information required by SEC Rule 605 and 606 alone does not create a reliable basis to address whether any broker-dealer obtained the most favorable terms reasonably available under the circumstances for customer orders

Per FINRA Notice 15-46 “The broker-dealer duty of best execution has been codified in FINRA’s best execution rule, Rule 5310.  This rule provides that, “[i]n any transaction for or with a  customer or customer of another broker-dealer, a member and persons associated with a member shall use reasonable diligence to ascertain the best market for the subject security and buy or sell in  such market so that the resultant price to the customer is as favorable as possible under prevailing  market conditions.” The rule governs both transactions where the firm acts as agent for the account of  its customer, and where transactions are executed as principal.”

As demonstrated by the language of Rule 5310, the determination as to whether a firm exercised reasonable diligence to ascertain the best market for the security and bought or sold in that market so that the resultant price to the customer is as favorable as possible under prevailing market conditions necessarily involves a “facts and circumstances” analysis. In addition, a firm must make every effort to execute a marketable customer order that it receives fully and promptly.

For non-marketable orders, firms should regularly review their routing decisions as well as the policies and procedures in place regarding the monitoring of non-marketable orders to ensure their best execution obligations are met.

Depending upon the set of facts and circumstances surrounding an execution, actions that in one instance may meet a firm’s best execution obligation may not satisfy that obligation under another set of circumstances.

As stated in FINRA Regulatory Notice 15-46 the language provides by FINRA on this matter states as such “, FINRA also reminds firms that they cannot transfer to another person their obligations to provide best execution to their customers’ orders, although other firms may also acquire that best execution obligation. Accordingly, when a firm receives customer orders from a routing firm for purposes of order handling and execution, both the routing firm and the executing firm have best execution obligations, although the routing firm and the executing firm may have different best execution obligations. As such, a broker- dealer that routes all of its order flow to another broker-dealer without conducting an independent review of execution quality would violate the duty of best execution.”

Market Securities, LLC while an introducing broker dealer still has an obligation to provide best execution for its customers’ orders, whether executed internally or routed to other broker-dealers. “Best execution” refers to using reasonable diligence to determine the best market to buy or sell a security and obtaining a price as favorable as possible under prevailing market conditions. Market Securities, LLC obligation to provide best execution also extends to handling and executing orders for customers of other broker-dealers routed to The Firm (but not orders that simply execute the order against Market Securities, LLC quote).

Should you require additional information on our execution policy, please write to please write to Erin Baskett, Chief Compliance Officer, Market Securities LLC, 85 Broad Street, 17th floor, New York, NY 10004.

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RISKS:

Customers should note the following risks in connection with trading outside of regular Market hours:

  1. Risk of lower liquidity. Liquidity refers to the ability of Market participants to buy and sell securities. generally, the more orders that are available in a Market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular Market hours. as a result, your order may only be partially executed, or not at all.
  2. Risk of higher volatility. Volatility refers to the changes in price that securities undergo when trading. generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular Market hours. as a result, your order may only be partially executed, or not at all, or you may receive an inferior price in extended hours trading than you would during regular Markets hours.
  3. Risk of changing prices. The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular Market hours, or upon the opening of the next morning. As a result, you may receive an inferior price in extended hours trading than you would during regular Market hours.
  4. Risk of unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
  5. Risk of news announcements. Normally, issuers make news announcements that may affect the price of their securities after regular Market hours. Similarly, important financial information is frequently announced outside of regular Market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
  6. Risk of wider spreads. The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
  7. Risk of lack of calculation or dissemination of underlying index value or intraday indicative value (“IIV”). For certain derivative securities products, an updated underlying index value or IIV may not be calculated or publicly disseminated in extended trading hours. Since the underlying index value and IIV are not calculated or widely disseminated during the pre-Market and post-Market sessions an investor who is unable to calculate implied values for certain derivative securities products in those sessions may be at a disadvantage to Market professionals.

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