| |
Customer Identification Program Disclosure
Institutional Securities Corporation
Customer Identification Program
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.
Q. What types of information will I need to provide?
A. When you open an account, your firm is required to collect
information such as the following from you: Your Name, Date of
Birth, Address, Identification number. For US citizens, this is
a taxpayer identification number (social security number or
employer identification number). For non-US Citizens, this may
include a 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. You may also need to show a 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, NASD, 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.
Q. What happens if I don’t provide the information requested or
my identity cannot be verified?
A. Your firm may not be able to open an account or carry out
transactions for you. If your firm has already opened an
account, they 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.
Please call us at (214) 520-1115 or email us at
info@iscgroup.com if you have any questions regarding our
customer identification program. |
|
