Important Information You Need to Know About Our Account Requirements and Confidentiality
Pledge
To help the government fight the funding of terrorism and money laundering activities,
federal law requires financial institutions to obtain, verify, and record account
information. At William O'Neil + Co. Incorporated (“the Firm”), we collect public
and nonpublic information about our institutional clients as specifically mandated
for customer identification and verification by the US PATRIOT ACT, SEC 17a-3 (Books
& Records Requirements).
This Notice provides you with some answers about the Firm's Customer Identification
Program (“CIP”).
What types of information will I need to provide?
To open an institutional account, the Firm is required to obtain from you information
such as the following:
A corporation, partnership, trust or other legal entity needs to provide information
about its principal place of business, local office, certified articles of incorporation,
government-issued business license, LLC agreement, partnership or trust agreement,
as applicable to the organization of the firm. To comply with the regulations, the
Firm is required to record and verify the information that is noted in these documents,
such as:
- who at your organization is authorized to conduct business on it's behalf, and
- if you intend to trade with our equity desk, we will also need you to provide us
with a trading authorization signed by one of the parties authorized to conduct
business at the organization level.
The Firm has developed a fill-in-the blank form for your convenience to satisfy
both 1 & 2 above.
What happens if I don't provide the information requested or my identity can't be
verified?
The Firm will be unable to open an account or carry out transactions for your organization.
If you have not furnished the Firm with the above information and your firm had
an existing account already opened, the Firm may have to close it. If
you have not already done so, please contact your Account Manager to provide any
of the necessary information noted above.
What is William O'Neil + Company's Privacy Policy?
Equally important to our firm and to our clients is our Privacy Policy.
This CIP information is maintained in strict confidence. William O'Neil + Company
does not disclose client information to anyone, unless such disclosure is required
by law.
We restrict access to account information to only those employees who are required
to have the information in order to provide products or services to you. We maintain
physical, electronic, and procedural safeguards to secure your information. If an
institutional client closes an account with William O'Neil + Company, we will continue
to adhere to this confidentiality pledge.
We thank you for your patience and hope that you will support the financial industry's
efforts to deny terrorists and money launderers access to America's financial system.