The information on this site is for information 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 / or reports and should consult a licensed professional or seek independent advice prior to making a decision. The information does not constitute a solicitation. 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 Keystone Capital Corporation.
Use any links contained in this website at your own risk. Links are solely intended for convenience and are not intended to be advertisement whatsoever. Linked sites are not under the control of Keystone Capital Corporation. Keystone Capital Corporation is not responsible for the content of any linked site or any link contained in any linked site. Keystone Capital Corporation does not endorse individuals or companies, or their products or services, to which links are provided.
FINRA® requires that FINRA member firms provide the following information concerning the FINRA public disclosure program:
An investor brochure that includes information describing the public disclosure program may be obtained from the FINRA.
Keystone may only conduct business in states wherein the firm and/or its associated persons are properly registered or exempted from registration. Keystone is currently registered in most States as of the date of this disclosure document. Do not rely on this, Keystone and/or an associated person may change without notice on this site. For a current list of Keystone please visit http://brokercheck.finra.org/Firm/Summary/10722.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account. When you open an account, we will ask for your name, address, date of birth, Social Security Number and other information that will allow us to identify you. We may also utilize third-party information providers for verification purposes and/or ask for a copy of your driver’s license or other identifying documents. A corporation, partnership, trust or other legal entity may need to provide other information.
U.S. Department of the Treasury, Securities and Exchange Commission, FINRA, NASD, 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. If you don’t provide the information requested or your identity can’t be verified, we may not be able to open an account or carry out transactions for you. If we already opened an account for you, and you refuse to provide information due to a subsequent request, we may have to close it.
The USA PATRIOT Act, signed by President Bush in 2001, is designed to detect, deter, and punish terrorists in the United States and abroad. The act imposes anti-money laundering requirements on brokerage firms and financial institutions. The Act requires that firms positively verify the identity of their clients. For this reason, we ask for identification, such as a copy of a driver’s license, at times during our relationship with you. We crosscheck this information against government-published lists of entities and persons known for involvement in terrorist activities.
To help you understand these efforts, we want to provide you with some information about money laundering and our steps to implement the USA PATRIOT Act.
Money laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities. Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering, and terrorism.
The use of the U.S. financial system by criminals to facilitate terrorism or other crimes could well taint our financial markets. According to the U.S. State Department, one recent estimate puts the amount of the worldwide laundering activity at $1 trillion a year.
Under the rules required by the USA PATRIOT Act, our anti-money laundering program must designate a special compliance officer, set up employee training, conduct independent audits, and establish policies and procedures to detect and report suspicious transactions and ensure compliance with the new laws.
As part of our required program, we may ask you to provide various identification documents or other information. Until you provide the information or documents we need, we may not be able to open and account or effect any transactions for you. If you have any questions, you may contact our Compliance Department at (858) 348-4405.
FINRA posts useful information regarding any member firm or associated registered person on its website at www.finra.org or via inquiry to a toll-free telephone listing (1-800-289-9999). Available information includes employment and disciplinary history of registered firms and persons, and all final disciplinary actions taken by federal, state, or foreign securities agencies or self-regulatory organizations that relate to securities or commodities transactions. This resource is available to all members of the investing public.
Keystone Capital Corporation is a member of the Securities Investor Protection Corporation (“SIPC”). SIPC is the first line of defense in the event a brokerage firm fails owing customers cash and securities that are missing from customer accounts. You may obtain information about SIPC, including the SIPC brochure, by accessing SIPC’s website at: www.sipc.org or by calling: (202) 371-8300.
Keystone Capital Corporation (“Keystone”, “we”, or “our”), an independent broker-dealer, offers numerous investment products from various investment companies, asset managers, insurance companies, and third-party advisors or distributors through its registered representatives. Keystone offers no proprietary products and does not maintain a “preferred” list of investment companies. We hold the fundamental belief that each investor has the right to choose the investment products they believe provide the greatest chance of achieving their financial objectives. As such, we maintain a broad product list in an effort to assist you in achieving your goals.
Keystone has a responsibility to disclose to you, clearly and completely, all risks, fees, costs, and relevant information associated with your decision to invest. The primary tool in disclosing much of this information is the current prospectus for a specific investment (for newly issued securities), which shall be delivered to you at the time you invest. Please always read any applicable prospectuses carefully before investing.
Furthermore, before you purchase any investment product through Keystone, please understand that many investments use differing fee structures. For instance, many mutual funds companies offer different classes of shares that have varying upfront loads and/or ongoing service fees (e.g., 12b-1 fees). Most funds also offer quantity discounts known as “breakpoints”. Please make certain that you understand the costs associated with the investment products you have chosen.
Additionally, broker-dealers often incur costs and/or receive compensation associated with the advertising and distribution of investment products, some of which may not be easily identified in the respective prospectuses. Investment companies often participate in activities that are designed to help facilitate the distribution of their products by educating our registered representatives about their funds or products, such as marketing activities and educational programs, including but not limited to, attendance by company representatives at Keystone Conferences, one-on-one marketing meetings, advertising and meeting expense reimbursements to Keystone, and due diligence presentations to our registered representatives.
In return for assistance in facilitating the activities described above, Keystone may receive additional compensation from certain companies. These payments may be in addition to commissions and other fees and expenses disclosed in a prospectus fee/expense table. These payments, however, may be paid out of an affiliate’s assets, not from the fund’s/company’s assets and therefore would not necessarily appear as an item in a prospectus expense table. In addition, Keystone registered representatives do not receive a greater or lesser commission from sales for which Keystone receives additional compensation. Because the Registered representatives receive no direct increase or change in compensation from selling one investment versus another, we do not believe there to be any inherent conflict of interest. However, the marketing and educational activities paid for with advertising payments to Keystone could lead our registered representatives to focus more on those funds/companies when recommending investments to their clients as opposed to those that do not make such payments.
While compensation with each company may vary, we may receive between 0.00% and 30 basis points (0.30%) of the gross amount of each sale. For example, for a $10,000 transaction with a participating company, Keystone could receive either a one-time $30 payment, or some other type of reimbursement. The companies may also make additional payments to Keystone for attendance at various educational meetings hosted by Keystone throughout the year.
Therefore, in an effort to ensure complete and full disclosure of all compensation/remuneration that Keystone receives as a result of your purchases, Keystone is hereby providing a list of companies from which we receive advertising assistance, marketing fees, service fees, and/or reimbursements for the education of our registered representatives.
As of 06/27/2016, Keystone has no relationships of this nature in effect. We endeavor to maintain updated disclosures on this site, however if you have any questions as of the date you are reading this disclosure, please feel free to call our Chief Compliance Officer at 858-348-4405.
ETC is a clearing firm option for KCC’s brokerage business. Due to this business relationship, KCC and ETC may share information about client accounts, including Personal Identifying Information, to facilitate our brokerage business. For complete disclosures including additional information regarding ETC please visit www.etc-clearing.com.
All Digital Securities accounts will be held at ETC. Please refer to the final section of this Disclosure Document for information regarding Digital Security accounts.
For information on digital securities please contact our home office at (858) 348-4405 or email [email protected] with ‘Digital Securities’ in the subject line.