To Our Clients:
SEC Regulation SP requires that brokerage firms inform clients of their policies and practices regarding their handling of client information. Please take a few moments to read how South Texas Securities Co., protects the confidentiality of your client information.
In the course of regular business practices, South Texas Securities Co. will collect information to better serve our customers and to comply with regulatory requirements. This information may include name, address, social security number, assets, income, investment history, etc… Customers can be assured that South Texas Securities Co., has established the following rules as it pertains to this information:
In the course of regular business activity, it may become necessary to disclose some or all customer information. In this event, customers can be assured that information was disclosed for one of the following purposes:
For the protection of our customers, unless one of the above-mentioned circumstances occurs, it is the policy of South Texas Securities Co., not to share customer information with any third parties. If you prefer that we not disclose non-public personal information about you to non-affiliated third parties, you may opt-out of those disclosures, that is, you may direct us not to make those disclosures (other than disclosures permitted by law). If you wish to opt-out of disclosures to non-affiliated third parties, you may call +1-866-313-6641 and ask for the opt-out department.
USA Patriot Act
Customer Identification Program Notice
Important Information You Need to Know About Opening A New Account.
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.
This notice answers some questions about our Customer Identification Program.
What types of information will I need to provide?
When you open an account we are required to collect information such as the following from you:
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?
We may not be able to open an account or carry out transactions for you. If we have already opened an account for you, we may have to close it.
We thank you for your patience and hope that you will support the financial industry’s efforts to deny terrorists and money launderers access to America’s financial system.