110 Wall St, 2nd Floor
New York, NY 10005
Clients and Customers, Help Us Keep Your Contact Information Current
Please inform us of any changes to your contact address, telephone number, persons authorized to provide instructions for your account, your ability to purchase new issues, your status as a "QIB," "Qualified Purchaser" or "Accredited Investor," or any changes in your investment objectives (or any other information you think we should know in order to service your account better). The information you provide here goes directly and only to Auriga USA, Inc. Please submit your changes or updates to:
Auriga USA, LLC
110 Wall St
New York, NY 10005
Ph: (646) 998-6400
About This Page. This page is intended only as a vehicle to disseminate important information, and is neither a solicitation to sell or to buy any security, nor an attempt to solicit new investor accounts or to recruit personnel.
Past Performance. Past performance is no guaranty of future results. You should be suspicious of any claims of "guaranteed" future results associated with any investment. For more investor educational information, click here. If you have a comment or concern about any of the firm's registered representatives, please contact us, using the contact information located above.
Hedge Fund Investments. What follows is informational only. Investing in hedge funds may involve a high degree of risk, including the risk of a complete loss of your principal investment. Hedge funds often engage in leveraging and other speculative investment practices that may increase the risk of investment loss, can be highly illiquid, are not required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge high fees which may offset any trading profits, and in many cases the underlying investments are not transparent and are known only to the investment manager (hedge funds with a single investment manager concentrates the degree of risk). All hedge funds are unique and any investor should carefully consider all risks prior to placing money with a particular hedge fund. Specific risks can be found in the hedge fund's offering memorandum. You should read and understand the offering memorandum of any hedge fund before you invest your money.
Disaster Recovery Plan. The firm maintains a written business continuity plan or disaster recoverly plan that discusses the steps the firm will make in order to resume or continue business in the event of an emergency that disrupts normal operations. The plan discusses how customers and clients will be able to contact the firm in the event of such an event, how communications with employees will be maintained, mission critical systems and information technology redundancy and back-up, and alternative sites for resuming operations, among other things. A more detailed description of the plan will be provided upon request from any existing customer or client. Pershing LLC, the sole clearing and custody agent, also maintains a detailed disaster recovery plan. Since client/customer accounts are introduced to and custodied with Pershing, the firm's clients should be able to access their accounts in the event of a disruption in accordance with the Pershing plan, should the firm's personnel not be available due to the nature of the disruption. The Pershing plan may be obtained by clicking here.
If You Use Margin, Please Note: What follows is intended to provide some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account. Before trading stocks in a margin account, you should carefully review the margin agreement provided by the clearing firm. Consult us regarding any questions or concerns you may have with your margin accounts.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from your brokerage firm. If you choose to borrow funds from the clearing firm, you will open a margin account with the firm. The securities purchased are the firm's collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the clearing firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
* You can lose more funds than you deposit in the margin account. A decline in the value of securities that are
purchased on margin may require you to provide additional funds to the firm that has made the loan to avoid the forced
sale of those securities or other securities or assets in your account(s).
* The firm can force the sale of securities or other assets in your account(s). If the equity in your account falls below the maintenance margin requirements, or the firm's higher "house" requirements, the firm can sell the securities or other assets in any of your account held at the firm to cover the margin deficiency. You also will be responsible for any short fall in the account after such a sale.
* The firm can sell your securities or other assets without contacting you. Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities or other assets in their accounts to meet the call unless the firm has contacted them first. This is not the case. Most firms will attempt to notify their customers of margin calls, but they are not required to do so. However, even if a firm has contacted a customer and provided a specific date by which the customer can meet a margin call, the firm can still take necessary steps to protect its financial interests, including immediately selling the securities without notice to the customer.
* You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. Because the securities are collateral for the margin loan, the firm has the right to decide which security to sell in order to protect its interests.
* The firm can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice. These changes in firm policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the member to liquidate or sell securities in your account(s).
* You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a right to the extension.
Securities purchased on margin are the clearing firm's collateral for the loan to you. If the securities in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin.
These risks include the following: You can lose more funds than you deposit in the margin account; the clearing firm can force the sale of securities or other assets in your account(s); the clearing firm can sell your securities or other assets without contacting you; you are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call; the clearing firm can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice; and you are not entitled to an extension of time on a margin call.
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 your firm’s Customer Identification Program.
* Date of birth
* Identification number:
-- U.S. citizen: taxpayer identification number (Social Security number or employer identification number)
-- Non-U.S. citizen: taxpayer identification number; passport number and country of issuance; alien identification card number; or government-issued Identification showing nationality, residence and a photograph of you.
What types of information will I need to provide?
When you open an account, your firm is required to collect the following information:
You may also need to show your driver’s license or other identifying documents.
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?
Your firm may not be able to open an account or carry out transactions for you. If your firm has already opened an account for you, they may have to close it.
Collateralized Mortgage Obligations
Click here for important disclosures regarding CMOs that you should know before trading these securities.
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