about current and former accountholders.
OUR COMMITMENT TO YOUR PRIVACY
We understand the importance of maintaining the
privacy of your personal and financial information. By
entrusting us with your information, we would like to
assure you of our commitment to keeping it private. We
have taken measurable steps to protect the
confidentiality, security and integrity of your
This notice will help you understand our overall
collect, use and protect, which will also be provided
to you on an annual basis and within your account
PRIVATE POLICY SUMMARY
Stock USA Execution Services collect personal and financial
information to open your account, to process your
transactions, to administer your account, to verify
your identity, employment, creditworthiness, and to
carry out your request for other products and
services. The following categories are examples of
personal nonpublic information that will be requested
from you: (1) name, (2) date of birth, (3) trading
history, (4) total assets, (5) social security number,
(6) cash balance, (7) margin information, and (8)
positions. We have implemented procedures to protect
your nonpublic personal and financial information.
We do not disclose your nonpublic information to
nonaffiliated third parties unless to facilitate your
written requests or instructions, or it is permitted
or otherwise required by law. Examples of "permitted
by law" include our clearing firms: Penson Financial
Services, Inc. (which clears and settles your
securities transactions) and Penson GHGO,. (which
clears and settles your futures transactions); and
credit bureaus (e.g. Experian, Equifax, and Trans
Union). "Required by law" examples include court
orders and regulatory investigations.
We do not sell your personal information to
third-party marketers or any other entity for any
Our commitment to privacy protection extends to both
current and former customers, except as permitted or
required by law.
Our employees or representatives may collect nonpublic
personal information about you from various sources
account application or other supplemental account
transactional history with Stock USA Execution Services
account records including transactional history with
nonaffiliates Penson Financial Services, Inc. and
Penson GHCO., where it is appropriate
Information from credit reporting agencies (e.g.
Experian, Equifax, and Trans Union).
and prior employers, federal and state agencies.
reporting agencies such as McDonald Information
NONPUBLIC PERSONAL INFORMATION
The type of nonpublic personal information collected
varies according to the products or services provided
and may include, the following categories: (1) name,
(2) current and prior resident addresses, (3) phone
number, (4) e-mail address, (5) social security
number, (6) securities or futures trading history, (7)
date of birth, (8) banking relationships, (9) interest
in opening an account, (10) investment experience,
(11) total assets, (12) cash balances, (13) margin
information, (14) trading positions, (15) account
balances, (16) income, (17) excess margin, (18) margin
loan records, and (19) deposit and withdrawal history.
Information collected is used to process your
transactions, update your account records, to inform
you of other services that may be of interest, and to
ensure compliance with appropriate regulations.
We limit access to only those employees or
representatives that need to know the information in
order to assist in carrying out your request for
products or services. We have policies and procedures
that give direction to our employees, and
representatives acting on our behalf, regarding how to
protect and use nonpublic personal information.
Further, we maintain physical, electronic, and
procedural safeguards that comply with federal and
state regulations to guard your information.
NONAFFILIATED THIRD PARTIES
We do not share nonpublic personal information about
you with nonaffiliated third parties, unless otherwise
permitted or required by law, which does not aid in
the carrying out of your request or instructions.
These nonaffiliated third parties include
government/regulatory organizations, such as the
Internal Revenue Service (IRS), the Securities and
Exchange Commission (SEC), Commodity Futures Trading
Commission (CFTC), National Association of Securities
Dealers (NASD), National Futures Associations (NFA)
and to parties under court order or subpoena that
request this information. Disclosures for which you
have provided your consent or you have directed us to
make are permitted.
We require all entities with which we share your
nonpublic personal information agree to keep your
information confidential. We also prohibit them from
using or disclosing your information except for the
limited purpose and to the persons for whom disclosure
was intended, or as otherwise permitted by law.
law, to employees and representatives that act on the
firm's behalf. Additionally, we regularly review
privacy policies of third parties for administrative
services and joint marketing agreements to ensure
compliance with appropriate federal and state
OUT OF DISCLOSURE
The law allows you to "opt out" of our sharing
nonpublic personal information about you in certain
circumstances with affiliated and nonaffiliated
companies; that is, you may direct us to not make such
disclosures. We do not currently share information
about you with any affiliate or third party that
triggers this opt-out right. Therefore, there is no
need for you to opt out. If in the future we desire to
disclose your information in a way that is
inconsistent with this policy, we will notify you in
advance and provide you with the opportunity to opt
out of such disclosure.
A cookie is a small piece of information that's sent
to your browser (along with an HTML page) by our
server. When you return, some stored information is
sent back to our web server along with your request. A
cookie is uniquely yours and can only be read by the
server that gave it to you. It cannot read any other
part of your files, nor can it be used to send
authenticate valid accounts and grant access to the
simplest, most secure, and most widely accepted form
of authentication. Security will not be compromised.
Using a cookie helps ensure that only you have access
to your account. Authentication information is valid
only for a single session and changes each time you
begin a new session. We only require cookies on our
secure website, so they will be transmitted using
encryption. Your privacy is of the highest priority.
We have worked hard to earn your trust and we will
continue to do so. No other company or website can
access the cookies. Furthermore, we will use your
personal information only to service your account and
to improve the quality of our service. We do not sell
your personal information to third parties.
We reserve the right to change our privacy policies
and related procedures at any time, in accordance with
applicable federal and state laws. In the event that
updated copy of the policy by mail or e-mail. Should
our policy change regarding the sharing of such
nonpublic information, you will receive a copy of the
updated notification prior to the sharing of such
nonpublic information and you will also be provided
with an opportunity to opt out of the information
sharing arrangement by mail or e-mail.
to update your account information, please call the
Customer Service Department at 1(800) 874-3039.
PRIVACY NOTICE IS PROVIDED TO YOU FOR INFORMATIONAL
PURPOSES ONLY. YOU DO NOT NEED TO CALL OR TAKE ANY
ACTION IN RESPONSE TO THIS NOTICE. WE RECOMMEND THAT
YOU READ AND RETAIN THIS NOTICE FOR YOUR PERSONAL