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The Securities and Exchange Commission has implemented Regulation S-P, which
relates to the privacy of consumer financial information. Regulation S-P
and the Gramm-Leach-Bliley Act limit investment companies, broker-dealers
and registered investment advisers in their disclosure of consumer’s
and customer’s nonpublic personal information.
Regulation S-P also
requires that financial institutions provide privacy notices in various
instances and to adopt policies and procedures to protect the personal information
of its consumers and customers. This statement describes our firm’s
applies to former, current, and prospective customers.
We respect every individual’s right to privacy. We understand the
importance you place on the privacy and security of information that personally
identifies you or your account information.
Presidential Brokerage, Inc., is Committed to Protecting Your Privacy.
Why and How We Collect Personal Information
We are required by guidelines of our industry, such as New York Stock Exchange
Rule #405, Know Your Customer, to obtain personal information about you
for the purpose of providing investment recommendations, evaluating your
financial needs, processing your requests and transactions, and providing
customer service. The personal information we collect about you includes:
Information we receive from you to open an account or provide
investment advice to you. This information typically includes your home
address, telephone number and financial information.
Information that we access or generate to service your account,
such as account statements and securities holdings.
Information that we may receive from third parties with
respect to your account, such as accounts you may have at other financial
institutions or trade confirmations with other brokerage firms.
We Protect the Confidentiality of Your Personal
Information in the Following Manner:
We do not sell personal information to anyone.
We disclose personal information only as required by law
or with your permission.
We disclose or report personal information in limited circumstances
where we believe in good faith that disclosure is required under law, to
cooperate with regulators or law enforcement authorities, or to protect
our rights or property.
We use personal information in ways that are compatible
with the purposes for which we originally requested it. For example, we
will use the information you give us to process your requests and transactions,
to provide you with additional information about products and services,
or to evaluate your financial needs. To do so, we may share personal information
with an agent or affiliate.
We limit the collection and use of personal information
to what is necessary to administer our business and to deliver services
to you. This may include advising you about our products or services.
When We Share Your Personal Information With Our
In order for us to provide investment recommendations to you, we may disclose
your personal information in very limited instances which include:
Disclosures to companies as permitted by law, including
those necessary to service your account, such as providing account information
to our fully disclosed clearing firm and/or and custodians
Disclosures to companies that perform services on our behalf,
such as mailings pertaining to products and servicesPresidential Brokerage,
Inc., is a fully disclosed correspondent firm of First Clearing Corp.(FCC),
a division of Wells Fargo, FCC conducts numerous functions for
Presidential Brokerage, Inc., including securities transactions, record
keeping, receipt of and disbursements of funds, generation and distribution
of account statements, and acts as custodian for all securities held in
street name. FCC maintains very strict privacy guidelines and your personal
information is protected in this relationship through a strict confidentiality
How We Protect Your Personal Information That
We Share With Our Affiliates
When we share personal information with an agent or affiliate, we protect
that information with a confidentiality agreement. Companies that we hire
to provide support services or act as our agent must conform to our privacy
standards. Our internal policies prohibit employees who have access to our
customer’s personal information from using or disclosing the information
except for the appropriate business use of Presidential Brokerage, Inc.
All employees are required to sign a confidentiality agreement that requires
them to protect your personal information.
Updating Your Personal Information
We will give you reasonable access to the information we have about you.
Most of this information is contained in account statements that you receive
and applications that you submit to obtain our products and services. The
accuracy of your personal information is important. We encourage you to
review this information and notify us of needed updates and/or changes.
Please call us at 800-230-1288.