1st Discount Brokerage, Inc. recognizes that you expect your
personal information to be handled in a professional,
confidential manner and we have, therefore, adopted the
following policies to safeguard your privacy and to explain
the circumstances under which we may collect, maintain
and use any non-public personally identifiable information
that you may provide to us.
We collect information about you to help us and our clearing
agent(s) perform our duties as a broker-dealer and to fulfill
applicable legal and regulatory requirements. The type
of information we gather may include the following:
- Information we receive from you either verbally or in
writing, electronically or otherwise, on account opening
applications or other forms, such as your name, address,
social security number, employment and marital status,
income and liquid asset value.
- Information about your transactions with us or others,
such as your account balances, payment history, account
usage, and co-parties to transactions.
- Information that we receive from a consumer reporting
agency, such as your credit history.
- Information from other public sources, such as real estate
records.
Currently we do not share any non-public personal information
about you with unaffiliated third parties with whom we
have no contractual business relationship for their independent
use unless (1) you give us written permission; (2) it is
necessary to process your account application or service
your account(s) or otherwise complete a transaction on
your behalf; (3) it is necessary to protect against fraud
or other wrongful taking of property or to comply with
a subpoena or other court order; or (4) it is otherwise
required or permitted by law or regulation. However, we
do provide information to our clearing agent(s), who have
adopted similar privacy policies, government or regulatory
agencies and certain service providers, including insurers,
attorneys and other professionals. These companies and
agencies are not permitted to use or share this information
for any other purpose, and will also maintain such information
as confidential.
We do not disclose or sell any non-public, personal information
about you to any outside unaffiliated company, except as
permitted by law or as needed to service your account.
Furthermore, we restrict access to your personal and account
information to those employees who need to know that information
to provide products or services to you and maintain strict
physical, electronic and procedural safeguards that comply
with applicable standards to guard your non-public personal
information.
Should you close your 1st Discount Brokerage, Inc. account(s)
or become an inactive customer, privacy policies and practices
described in this notice will continue to apply to you.
We reserve the right to change these privacy policies at
any time, and we will notify you in writing accordingly.
(rev. 6/01)
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