Are my investments protected?
Yes. Your securities are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (including $250,000 for cash claims) in the event of a broker-dealer failure. SIPC covers the custody of securities, It does not protect against market losses.
What is a "Control Person"?
This is someone who owns 10% or more of a publicly traded company or holds a role as a director, officer, or policy-making executive at one.
What is a "Politically Exposed Person" (PEP)?
A PEP is someone who currently holds, or has held, a prominent public position. This includes senior government officials, politicians, and executives of state-owned organizations.
What is a "Trusted Contact"?
A Trusted Contact is someone you authorize us to contact if we have concerns about financial exploitation or if we need to verify your details (per FINRA Rule 2165). This is optional.
Will my trades affect my taxes?
Yes. You may have tax implications, such as capital gains tax. You will receive a 1099 form from our brokerage partner at the end of the tax year to help you report your activity to the IRS.