Procedures for Opening a New Account with North Ridge Securities Corp.
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 will you have to provide?
At the time you open an account with us, we are required to collect information such as the following from you:
You may also need to show your driver’s license or other identifying documentation.
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 can’t be verified?
We 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 HOPE THAT YOU WILL SUPPORT OUR EFFORTS TO DENY TERRORISTS AND MONEY LAUNDERERS ACCESS TO AMERICA’S FINANCIAL SYSTEM.
SEC Rule 606 (formerly SEC 11Ac1-6) requires that as of November 30, 2001, all broker-dealers that route orders in equity and options securities make available quarterly reports that present a general overview of their routing practices. We have provided the link below to make available all of the necessary information. SEC Rule 606 (formerly SEC 11Ac1-6) – NRSC Order Routing Disclosure
Pershing, LLC – North Ridge Securities Corp. (NRSC) has a fully disclosed clearing agreement with Pershing, LLC. NRSC pays clearing fees to Pershing, LLC in return for services performed, such as transaction settlement, margin availability, custody of securities and funds and the production and mailing of customer statements and order confirmations. NRSC receives no payment for order flow from Pershing, LLC.