BIDS Trading Signs Sponsor Agreement With Melvin & Company (October 2008)
BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Melvin & Company...More…
Melvin launches MInT international trading platform (March 2007)
Melvin & Company launched its revolutionary international trading platform for institutional investors... More…
Privacy Policy
NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS
This is our privacy notice for our clients. When we use the words "you" and "your" we mean all of our consumers or clients who have a continuing relationship with us, such as clients who participate in offerings of municipal securities on more than one occasion.
We will tell you the sources for nonpublic personal information we collect on our clients. We will tell you what measures we take to secure that information.
First, we'll define some terms:
We, our, and us means Melvin Securities, LLC.
Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records.
An affiliate is a company we own or control, a company that owns or controls us, and a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control.
A nonaffiliated third party is a company that is not an affiliate of ours.
INFORMATION THAT WE COLLECT
We collect nonpublic personal information about you from the following sources:
- Information we receive from you on applications or other forms, or through telephone conversations with you
- Information about the services you receive from, or your transactions with, us or our affiliates
- Information about the services you receive from, or your transactions with, nonaffiliated third parties
- Information from a consumer reporting agency
INFORMATION WE DISCLOSE
We may disclose information we receive from your applications, forms or conversations. The following kinds of nonpublic personal data may be shared:
- Information may include your name, address, social security number, assets and income
We may also disclose nonpublic personal information about you to non-affiliated third party financial services providers such as:
- Custodians of municipal securities
- Registered broker-dealers participating in offerings of municipal securities
- Issuers of municipal securities
Where required by Law or Regulation, we may be required to provide information about you with respect to a court order, a subpoena or a demand of a securities regulator. Additionally, you may direct us, in writing, to send account statements or other account information to a third party.
We reserve the right to transfer clients’ accounts to another broker dealer, consistent with applicable privacy laws and regulations.
OPT-OUT RIGHT
If you prefer that we do not disclose any nonpublic personal information about you to nonaffiliated third parties, you may opt out of those disclosures; that is, you may direct us not to make those disclosures (other than disclosures permitted by law). If you wish to opt out of disclosures to nonaffiliated third parties, you may call Timothy Salata at (312) 341-0050.
THE CONFIDENTIALITY, SECURITY AND
INTEGRITY OF YOUR NONPUBLIC PERSONAL INFORMATION
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
Since we value our client relationship with you, we will not disclose your nonpublic personal information to nonaffiliated third parties, except as described above and as permitted by law.
NONPUBLIC PERSONAL INFORMATION AND FORMER CLIENTS
We do not disclose nonpublic personal information about former clients.