Personal Information We May Collect
During our relationship, GPC may obtain nonpublic personal information from you. The information we obtain assists the firm and our Financial Advisors in providing you with products and services, and also to satisfy regulatory requirements. This information may be obtained from various sources including:
- Account applications and other forms,
- Your transactions with us or others,
- From written, electronic and verbal correspondence and communication, and/or
- From a consumer reporting agency.
The Balance of Respecting Your Privacy &
Sharing Information with Third Parties
As a matter of policy, GPC does not disclose personal or account information provided by clients to non-affiliated third parties, except as follows:
- When required or permitted by law, or as necessary for third parties to perform their agreements with respect to services performed on our behalf.
- To administer, manage, service, and provide related services for client accounts, it is necessary for Great Point to provide access to client information within the firm and to non-affiliated companies, with whom we have entered into agreements. The disclosure of information contained in any document completed by the client for processing and/or transmittal by Great Point to facilitate the commencement, continuation, and/or termination of a business relationship between the client and/or between Great Point and a non-affiliated third-party service provider (i.e., broker-dealer, investment adviser, account custodian, recordkeeper, insurance company, etc.), including, but not limited to, the information contained in any document completed and/or executed by the client in furtherance of the client’s engagement of Great Point (i.e., advisory agreement, client information form, etc.), shall be deemed as having been automatically authorized by the client with respect to the corresponding non-affiliated third-party service provider.
GPC reserves the right to:
- In limited circumstances, disclose or report personal information to non-affiliated third parties when the firm believes in good faith that disclosure is required under law, and to cooperate with regulators or law enforcement authorities as may be requested.
- Disclose information about client accounts to a non-affiliated third party at the client’s request, or with the consent of the client.
- Disclose personal information that is necessary in providing administrative, custodial, or customer assistance, and in preparing, printing and delivering statements and other client related documents. These companies include clearing firms, mutual fund, annuity and other financial services companies that aid in fulfilling these services to our clients.
- GPC does not provide information about our clients or former clients to any non-affiliated third party for marketing purposes.
Opt Out Provision
If your Financial Advisor leaves GPC to join another broker-dealer that is a member of the Protocol for Broker Recruiting (to which our firm is a signatory), we may permit your advisor to retain certain contact information that may be used by his/her new firm; limited to your name, address, email address, phone number, account title, and account type. If you object to such information being retained by your Financial Advisor or shared with his/her new firm, you may opt-out by contacting our Compliance Department at 312-517-2606 or emailing [email protected]
Procedures to Safeguard Private Information
When accessing your account via a link from www.GreatPointCapital.com using a browser, such as Netscape Navigator or Microsoft Internet Explorer, it is encrypted using Secure Socket Layer (SSL) 128-bit encrypted security. This technology is used to protect the confidentiality of your personal information.
Business Continuity Plan
Business Continuity Plan
Great Point Capital (“GPC”)is committed to providing reliable, trustworthy service that represents the best interests of our clients. The firm has developed a Business Continuity Plan to protect clients and employees in the event of an emergency or significant business disruption. Since the timing and impact of disasters and disruptions are unpredictable, we anticipate needing to be flexible in responding to actual events as they occur.
The Plan is designed to protect client assets and help prepare for securing employees’ safety and firm property, making financial and operational assessments, promptly recovering and resuming operations, protecting the firm’s books and records, and allowing our clients to transact business and to access their funds and securities. 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.
The Business Continuity Plan considers various scenarios that range in severity – from just our office to the entire building, to our local area, to a regional level. In the event GPC’s office location is inaccessible, alternative locations have been established and prepared to facilitate business operations. The firm has redundancies in place for its business-critical systems and our phone system has a forwarding feature when it is not working. Depending on the severity of the issue, we believe that we can resume most business functions within the same day as the disruption. Our goal in all situations is to return to normal business conditions as soon as possible, with minimal impact to our clients and employees. In an extreme situation where continuing business may not be possible or practical, GPC ensures clients the ability to transact business and to access to their funds and securities.
Custody of Assets
Our clearing firm 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 should it experience a significant business disruption, its objective is to provide the best possible recovery to our firm and clients.
Clients with accounts held directly at a mutual fund, annuity, life insurance, or other financial services company will have the ability to call those respective companies directly if needed.
GPC does not guarantee that for every disaster or business disruption, such plans will be successfully implemented or that such plans will be sufficient and appropriate to avoid, deter or mitigate the disaster or business disruption. If you have questions about our Business Continuity Plan, contact Compliance at (312) 517-2606.
Customer Identification Program
Customer Identification Program
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 this broker/dealer’s Customer Identification Program.
What types of information are required to be provided?
At the time you open an account with us, we are required to collect information such as the following from you:
- Your name
- Your date of birth
- Your address
- An identification number
- U.S. Citizen: taxpayer identification number (social security number or employer identification card)
- Non-U.S. Citizen: taxpayer identification number, passport number, and country of issuance, alien identification number or you may also need to show your 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, employee 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, FINRA, 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.
What happens if I don’t provide the information requested, or my identity cannot be verified?
GPC may not be able to open an account or carry out transactions for you. If we have already opened an account for you, we may have to close it.
We thank you for your patience and cooperation and hope that you will support the financial services industry’s efforts to deny terrorists and money launders access to America’s Financial System.
Member FINRA, SIPC
Great Point Capital, LLC is a member of