Customer Identification Program Notice
Important Information You Need to Know about Opening a New Account
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 Place Trade’s Customer Identification Program.
What types of information will I need to provide?
When you open an account, Place Trade is required to collect the following
information:
·Name
·Date of birth
·Address
·Identification number:
Ø U.S. citizen: taxpayer identification number (Social Security number or
employer identification number)
Ø Non-U.S. citizen: taxpayer identification number; passport number and
country of issuance; alien identification card number; or government-issued
identification showing nationality, residence and a photograph of you.
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, employer
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?
Place Trade may not be able to open an account or carry out transactions for you.
If Place Trade has already opened an account for you, they may have to close it.
