XML Securities Important Notices
This page contains information about XML Securities, LLC, member FINRA/SIPC (“XML BD”). XML BD is a full service, introducing broker-dealer and affiliate of XML Financial Group. Many, but not all, of the Wealth Advisors are also registered representatives of XML BD and are able to offer brokerage services through XML BD. BrokerCheck is a free tool to research the background and experience of financial professionals and firms.
Insurance Agency
XML BD is also an insurance agency. Many, but not all, of the XML Wealth Advisors are also insurance agents and are able to offer insurance products through XML BD or an unaffiliated insurance agency.
Order Routing
SEC Rule 606 requires broker-dealers to disclose their practices for routing customer orders in equity and option securities. XML BD is an introducing broker-dealer routing all equity and option orders to our primary custodian and clearing firm, First Clearing, a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker dealer and non-bank affiliate of Wells Fargo & Company (“WFCS”). You may view quarterly order routing reports on NMS Equity and Option Order Routing Reports portal. With the exception of our clearing broker/introducing broker relationship, we have no material relationships with any of the venues referenced in WFCS’ 606 reports. We do not receive payment for order flow. To receive these quarterly reports free of charge please submit your request to info@xmlfg.com.
Municipal Securities Disclosure
XML BD is also registered with the Municipal Securities Rulemaking Board (“MSRB”). The website address for the MSRB is www.msrb.org which includes access to the MSRB Rule Book and an investor brochure that describes the protections that may be provided by the MSRB rules and how to file a complaint with an appropriate regulatory authority. Access to www.msrb.org and the FINRA Manual is available at our branch locations.
Jurisdiction
The products, services, information and materials contained within these web pages are not relevant to residents living outside the United States or United States territories and may not be available or applicable to residents of certain states. Please consult a financial professional regarding restrictions relating to the products or services in question. XML BD and individuals acting in the capacity as a broker agent may only transact business with a U.S. state resident if they are approved by the applicable state to conduct securities transactions, or if there is a state exclusion or exemption, as the case may be. Refer to FINRA’s broker check to view states the firm and financial professionals are registered with.
Options
If you are considering the use of options please read through the Characteristics and Risks of Standardized Options and Supplements. This is written and published by The Options Clearing Corporation. This booklet explains the purposes and risks of options transactions and is provided to an investor prior to buying or selling options contracts. The Options Industry Council is an industry resource that provides trustworthy education regarding the benefits and risks of exchange-traded options.
Consolidated Reports
You should receive at least quarterly statements directly from the custodian that holds and maintains your investment assets. We encourage clients to carefully review such statements and compare such official custodial records to any report that we provide which consolidates assets or accounts, which we refer to as “consolidated reports” or is viewed via a third party software, such as within the XML Vault or Wealth Portal. Statement formatting from different custodians typically varies based on their accounting procedures, reporting dates, or valuation methodologies of certain securities. Reports consolidating accounts are use primarily for planning purposes and estimates, and are not intended to be a replacement for custodial account statements. Please read the Consolidated Reports Disclosure when reviewing reports provided by us.
