The information on this site is for informational purposes only and is not intended to provide tax, legal or investment advice. You should not rely on any material contained in the web site and should seek independent advice wherever necessary. Any decisions you make based upon any information contained in this web site are done so solely at your own risk. The information contained in this web site is not an advertisement and it does not constitute an offer of any securities or investment related services, including the purchase and sale of the securities of the companies found on this web site. The information provided herein may be displayed and printed for your personal, noncommercial use only. You may not reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the information to anyone, without the express written consent of IDB Capital Corp.
Disclaimer on Usage of Web Site Links
The links provided on this web site are solely intended for convenience and are not intended to be advertisement whatsoever. The linked sites are not under the control of IDB Capital Corp. and IDB Capital Corp. is not responsible for the content of any linked site or any link contained in any linked site. IDB Capital Corp. does not endorse companies, or their products or services, to which it links. If you decide to access any of the third party sites linked to this site, you do this entirely at your own risk
SEC Rule 606 (formerly known as SEC Rule 11A(c)1-6)
Disclosure of Order Routing Practices
Pursuant to SEC Rule 606 (formerly known as SEC Rule 11A(c) 1-6) adopted by the Securities and Exchange Commission, IDB Capital Corp. is presenting certain information with respect to order routing practices by the firm during the preceding three months. You can obtain this information by accessing the following link: www.orderroutingdisclosure.com (enter IDB CAPITAL CORP)
FINRA Public Disclosure
FINRA requires that FINRA member firms provide the following information concerning the FINRA public disclosure program:
• The FINRA public disclosure program hotline number is (800) 289-9999
• The FINRA web site address is www.finra.org
An investor brochure that includes information describing the public disclosure program may be obtained from FINRA.
IDB Capital Corp.'s Business Continuity Planning
IDB Capital Corp. has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
Contacting Us -
If after a significant business disruption you cannot contact us as you usually do at the main office telephone numbers (212-551-8800), you should call our alternative numbers (212-551-8500; 212-551-8651; 305-682-3700; or, 213-861-6440), or go to our web site at www.idbcapital.com, for instructions. If you cannot access us through either of those means, you should contact our clearing firm, Pershing LLC, at their primary phone numbers (201-413-2500 or 201-413-3333) or go to their web site, www.pershing.com, for instructions on how it may provide prompt access to funds and securities through the following transaction types: liquidating orders, outgoing wires, and ACATs.
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: data back up and recovery; 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, Pershing, LLC, 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 within one business day. 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 one to two days. 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 within two days. 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.idbcapital.com, or our customer emergency number, 212-551-8500, 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 212-551-8800, or via our website.
Margin Disclosure Statement
Your brokerage firm is furnishing this document to you 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 your firm. Consult your firm 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 your 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 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.