Investor Alert
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Alerts December 2007
As a registered broker-dealer,
PAYMENT FOR ORDER FLOW (SEC RULE 11Ac1-3)
Fimat
receives payment for order flow in return for routing customer orders in
Covered Securities to ECNs and certain exchanges for execution. Such payments typically take the form of
liquidity rebates and credits. While
Fimat may consider payment for order flow in making routing decisions involving
customer orders in Covered Securities, we are committed to providing our
customers with best execution. A more
complete description of the Firm’s payment for order flow practices may be
found at the “SEC Rule 6” link on its website, www.fimat.com.
ROUTING CUSTOMER ORDERS (SEC RULE
11Ac1-6)
Upon your
request, Fimat will: provide you with
the identity of the market center(s) to which each of your orders in Covered
Securities have been routed for execution during the six months prior to your
request; advise you as to whether such orders were directed or non-directed;
and provide you with the execution times, if any, that resulted from such
orders.
NASD PUBLIC DISCLOSURE PROGRAM (NASD RULE
2280)
The NASD’s
Public Disclosure Program provides certain information regarding the
disciplinary history of NASD members and their associated persons in response
to written inquiries, electronic inquiries, or telephonic inquiries via NASD
Regulation’s (1) toll-free telephone listing (1-800-289-9999), or (2) website (www.nasdr.com). Additionally, NASD Regulation has prepared an
investor brochure that includes information describing the Public Disclosure
Program.
SECURITIES INVESTOR PROTECTION CORPORATION
Fimat is a member of the Securities Investor Protection Corporation (“SIPC”). You may obtain information about SIPC, including the SIPC Brochure, by contacting SIPC at (202) 372-8300 or www.sipc.org.
In
connection with your relationship with
Information we receive from you on applications or other
forms,
such as your name, address, social security number, assets
and income;
Information about your transactions with Fimat, Fimat
affiliates or
other third-parties, such as that pertaining to your
account balance,
account transactions, payment history and parties to
transactions; and
Information Fimat receives from a consumer reporting
agency, such
as that pertaining to your creditworthiness and credit
history.
Fimat
does not disclose nonpublic personal information about you to anyone, except as
permitted by law. Accordingly, Fimat
restricts disclosure of nonpublic personal information about you to (1) Fimat
employees who need to know that information to provide you products or services,
(2) Fimat affiliates (including, among others, Societe Generale), and (3)
non-affiliated third-parties as necessary to process your transactions, service
your account or otherwise as permitted by law.
The types of nonpublic personal information Fimat may disclose to such
recipients are listed above.
If you
decide to close your account(s) or become an inactive customer, we will adhere
to the privacy policies and practices as described in this Notice. Fimat does not sell personal nonpublic information
about current or former customers to any third-parties or share that
information with third-parties for marketing purposes.
In short,
Fimat places great importance on holding customer personal and financial
information in strict confidence. In this
regard, Fimat maintains physical, electronic and procedural safeguards to guard
your personal nonpublic information.
This
Notice is being issued pursuant to federal statutory and regulatory
requirements, and is designed to comply fully with such provisions.
2008 IRA Fee
The 2008
annual account maintenance fee of $30 for all IRA accounts will appear on the
January 2008 statement. The Trustee for the retirement accounts is Principal
Trust Company, which is among the largest non-deposit trust companies in the
country, serving as trustee to more than 250,000 retirement and savings
accounts holding in excess of $20 billion in assets. Principal Trust is a trade
name of Delaware Charter Guarantee & Trust Company, a member company of The
Principal Financial Group® (NYSE: PFG).
Inactive Fee
Any Fimat
account that did not do at least three trades during the 2007 calendar year
will be assessed a $35 inactive fee.
This fee will appear on the January 2008 statement. (Note that WizeTrade and CommandTRADE accounts
will not be assessed this fee.)
Fimat
Member NYSE, FINRA,
MSRB, NFA, SIPC and other principal exchanges
Cust
Customer Account Information can be
found by
clicking Account Info Logon at www.FimatPreferred.com.
All contents of the “Investor Alert”
are for educational purposes only. Any
graphics are for illustration purposes only.
Please note that options are not suitable for all investors
and investing in options carries substantial risk. Because of the importance of
tax considerations to all options transactions, investors considering options
should consult with a tax advisor as to how taxes affect the outc