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Disclaimers and Disclosures Riviere Securities Ltd. (RS) is a registered broker/dealer with
The Financial Industry Regulatory Authority (FINRA, formerly the NASD),
with its activities regulated by the Securities and Exchange Commission
(SEC) and the Municipal Securities Rulemaking Board (MSRB). The firm also
is a member of the Securities Investor Protection Corporation (SIPC).
For accounts introduced to our clearing broker First Southwest Company,
Dallas Texas pursuant to a clearing agreement, you may also obtain information
from their website at http://www.firstsw.com. ANNUAL PRIVACY NOTICE • Applications and account documents received from Account Holders; RS does not disclose nonpublic personal information about Account Holders or former Account Holders to anyone, except as required or permitted by law and to effect, administer or enforce transactions requested by Account Holders in the ordinary course of processing, servicing or maintaining their accounts. Furthermore, RS does not reserve the right to disclose Account Holders nonpublic personal information in the future without first notifying the Account Holders of a change in privacy policy and providing a convenient opportunity for Account Holders to opt out of information sharing with nonaffiliated third parties. RS restricts access to Account Holders’ nonpublic personal information to employees who need to know for providing financial services to accounts primarily used for personal, family or household purposes. RS maintains physical and procedural safeguards in compliance with regulations to protect Account Holder nonpublic personal information. MARGIN DISCLOSURE When you purchase securities, you may pay for the securities in full
or you may borrow part of the purchase price from the brokerage firm.
If you choose to borrow funds from the firm, you will open a margin account
with the firm. The securities purchased are the firm's collateral for
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
in your account, 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 for the loan that was made to
you to avoid the forced sale of those securities or other securities in
your account. The firm can force the sale of securities in your account. If the equity
in your account falls below the maintenance margin requirements the firm
can sell the securities in your account to cover the margin deficiency.
You also will be responsible for any shortfall in the account after such
a sale. The firm can sell your securities without contacting you. Some investors
mistakenly believe that the firm must contact them for a margin call to
be valid, and that the firm cannot liquidate securities in their accounts
to meet the call unless the firm has contacted them first. This is not
the case. The firm will attempt to notify all customers of margin calls,
but the firm is not required to do so. However, even if the 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 interest, including immediately selling the securities without
notice to the customer. You are not entitled to choose which security in your margin account
is 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 requirement
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 firm to liquidate or sell securities in your account. 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. The IRS requires Broker/Dealers to treat dividend payments on loaned securities positions as in-lieu dividends for 1099 tax reporting purposes. Taxation of substitute dividend payments may be greater than ordinary or qualified dividends. Additional information may also be obtained from our clearing broker at http://www.firstsw.com. BUSINESS CONTINUITY PLAN AND SUMMARY Contacting Us – If after a significant business disruption
you cannot contact us as you usually do at 512-732-0701, you should call
our alternative number 512-750-8608 or 512-261-4958 or go to our web site
at www.RJSecurities.com. If you cannot access us through either of those
means, you should contact our clearing firm, First Southwest, Dallas Texas
at 214-953-4000 or http://www.firstsw.com
for instructions on how it may assist you; for example, provide prompt
access to funds and securities, enter orders and process other trade-related,
cash, and security transfer transactions for your customers. Our Business Continuity Plan – We plan to quickly recover
and resume business operations after a significant business disruption
and respond by safeguarding our employees and property, making a financial
and operational assessment, protecting the firm’s books and records,
and allowing our customers to transact business. In short, our business
continuity plan is designed to permit our firm to resume operations as
quickly as possible, given the scope and severity of the significant business
disruption. Our business continuity plan addresses: all mission critical systems;
financial and operational assessments; alternative communications with
customers, employees, and regulators; alternate physical location of employees;
critical supplier, contractor, bank and counter-party impact; regulatory
reporting; and assuring our customers prompt access to their funds and
securities if we are unable to continue our business. Our clearing firm, First Southwest Company, backs up our important records
in a geographically separate area. While every emergency situation poses
unique problems based on external factors, such as time of day and the
severity of the disruption, we have been advised by our clearing firm
that its objective is to restore its own operations and be able to complete
existing transactions and accept new transactions and payments. Your orders
and requests for funds and securities could be delayed during this period.
Varying Disruptions – Significant business disruptions can
vary in their scope, such as only our firm, a single building housing
our firm, the business district where our firm is located, the city where
we are located, or the whole region. Within each of these areas, the severity
of the disruption can also vary from minimal to severe. In a disruption
to only our firm or a building housing our firm, we will transfer our
operations to a local site when needed and expect to recover and resume
business within [x time period]. In a disruption affecting our business
district, city, or region, we will transfer our operations to a site outside
of the affected area, and recover and resume business. In either situation,
we plan to continue in business, transfer operations to our clearing firm
if necessary, and notify you through our web site www.RJSecurities.com
or our customer emergency number, 512-750-8608 how to contact us. If the
significant business disruption is so severe that it prevents us from
remaining in business, we will assure our customer’s prompt access
to their funds and securities. For more information – If you have questions about our business continuity planning, you can contact us at 512-732-0701 or rriviere@RJSecurities.com. LEGAL DISCLAIMER RS, at our discretion, may provide you with services including, but
not restricted to, news and information services. These services may be
outside our control or provided by a third party, in which in case we
cannot take responsibility for their content, or for any delays, interruptions
or errors in the provision of these additional services, provided we have
exercised reasonable care and diligence in the selection of such providers. Certain data accessible on our Internet site is the intellectual property
of the relevant news and information services provider or third parties
that provide such data to the relevant service provider, or us. The data
is protected by copyright and other intellectual property laws, and all
ownership rights remain with the information service provider, the third
party, or us, as the case may be. Any and all data is provided "as is." Neither we nor any third
party shall be liable to you or any third party for any loss or damage,
direct, indirect or consequential, arising from (i) any inaccuracy or
incompleteness in, or delays, interruptions, errors or omissions in the
delivery of the data or any other information supplied to you through
this Internet site or (ii) any decision made or action taken by you or
any third party in reliance upon the data. Neither we nor any third party
shall be liable for loss of business revenues, lost profits or any punitive,
indirect, consequential, special or similar damages whatsoever, whether
in contract, tort or otherwise, even if advised of the possibility of
such damages incurred by you or any third party. Where the information consists of pricing or performance data, the data
contained therein has been obtained from sources believed reliable. Data
computations are not guaranteed by any information service provider, third
party or us or any affiliates, and may not be complete. For any information
provided by RS or any service provider or third party provide any warranties
as to the accuracy, adequacy, quality, fitness, timeliness, non-infringement,
or title of any information for a particular purpose or use, and all such
warranties are expressly excluded to the fullest extent that such warranties
may be excluded by law. Please be advised that you bear all risk from
any use or results of using any information and are responsible for validating
the integrity of any information received over the Internet. We have no control over any links provided to other websites, and such
other Websites or the links contained in such Websites, the contents therein
or the products and/or services offered and we are not responsible for
the content of any linked site or any link contained in a linked site.
The existence of any such links shall not constitute an authorization,
sponsorship, affiliation, endorsement, representation or warranty by us
of such Websites, the contents of the Websites, the products or services
of the Websites or the operators of the Websites. We are providing these
links only as a convenience to you. We have not tested any information,
products or software found on such Websites and therefore cannot make
any representations as to the accuracy, subject matter, quality, timeliness
or any other matter whatsoever with respect thereto. We reserve the right
to terminate any link or linking program at any time. If you decide to
access any of the third party sites linked to this Site, you do this entirely
at your own risk. It is up to you to take precautions to ensure that whatever
you select is free of such items as viruses, worms, trojan horses and
other items of a destructive nature. We disclaim responsibility for the
privacy, policies and customer information practices of third-party internet
sites hyperlinked to our Site. Should you have any question regarding these Disclosures and Disclaimers, please contact us directly at 512-732-0701. |
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