Disclosures
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Important Information About Procedures for Opening a New Account
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 who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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The Form CRS provides information about the relationship between Ministry Partners Securities, LLC and its clients. The Form CRS will help provide you with information that will help us continue to work well together. You can view our Form CRS here.
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MPS is committed to protecting the confidentiality of the information furnished by our clients to us. Click here to access MPS’s consumer privacy policy describes sharing of information pursuant to the federal Gramm Leach Bliley Act and similar state laws.
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We disclose in writing a summary of our BCP to customers at account opening. We also post the summary on our Web site and mail it to customers upon request. If after a significant business disruption, you cannot contact us as you usually do at: 888-855-0900 or go to our website at www.mpsecuritiesllc.com.
If you cannot access us through either of these means, you should contact our clearing firm:
RBC Capital Markets, LLC (“RBC”)
800-777-9315
We have contacted the clearing firm with regard to the kind of services that will be available to our customers at the time of a Significant Business Disruption. In the event, our clearing firm may provide services such as access to funds and securities, order entry, and cash and security transfers. We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing our customers to transact business In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. Our clearing firm RBC backs up our important records in a geographically separate area While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, our clearing firm has advised us that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within four hours. Your orders and requests for funds and securities could be delayed during this period. In addition, Ministry Partners Securities, LLC also backs up its systems on its server daily.
Varying Disruptions
In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within one business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area and recover and resume business within three business days. In either situation, we plan to continue in business and notify you through our website https://www.mpsecuritiesllc.com or our customer emergency number, 888-855-0900 how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customers prompt access to their funds and securities.
For more information – If you have questions about our business continuity planning, you can contact us at: 888-855-0900.
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FINRA BrokerCheck is a free tool that assists investors by providing background and regulatory information on current and former FINRA member firms and registered representatives. This information can be obtained at brokercheck.finra.org or by calling the FINRA BrokerCheck Hotline toll-free number at 1-800-289-9999. A copy of an investor brochure that includes information describing FINRA BrokerCheck can be obtained by calling the FINRA BrokerCheck Hotline number or accessing the FINRA website at www.finra.org.
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FINRA BrokerCheck is a free tool that assists investors by providing background and regulatory information on current and former FINRA member firms and registered representatives. This information can be obtained at brokercheck.finra.org or by calling the FINRA BrokerCheck Hotline toll-free number at 1-800-289-9999. A copy of an investor brochure that includes information describing FINRA BrokerCheck can be obtained by calling the FINRA BrokerCheck Hotline number or accessing the FINRA website at www.finra.org.
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SEC Rule 606 requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. Transactions effected by Ministry Partners Securities LLC (MPS) are executed and settled through our clearing firm, RBC Clearing & Custody (RBC). RBC makes the routing decisions concerning the customer orders routed through them without regard to the identity of MPS as its introducing broker-dealer. RBC’s quarterly report reflects the clearing firm’s routing practices on our behalf and may be viewed here:
https://www.rbcwm-usa.com/legal/rbc-cs/cid-360855.html
SEC Regulation NMS Rule 607 requires MPS to disclose its payment for order flow practices. In connection with this rule, MPS has no payment for order flow relationships with any broker dealers or third-party execution providers. However, our clearing firm, RBC may receive compensation or other consideration (“payment for order flow”) for directing such orders to particular broker-dealers or market centers for execution.
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With respect to municipal securities transactions with Ministry Partners Securities, LLC (“MPS”), please note that MPS is registered with the U.S. Securities and Exchange Commission (“SEC”) and the Municipal Securities Rulemaking Board (“MSRB”). As such, MPS is subject to the regulations and rules on municipal securities activities established by the SEC and MSRB. The website for the SEC is www.sec.gov and the website for the MSRB is www.msrb.org.
In addition to having educational material about the municipal securities market in MSRB’s website, the website has an investor brochure that describes the protections that may be provided by the MSRB rules and how to file a complaint against MPS or a MPS representative with the FINRA Investor Complaint Center. This MSRB investor brochure link can be accessed at: http://www.msrb.org/~/media/files/resources/msrb-investor-brochure.ashx
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The investment professionals of Ministry Partners, doing business as (“DBA”) Ministry Partners Advisory, are also registered and offer advisory services as investment adviser representatives with 724 Capital, LLC, a SEC registered investment adviser and separate entity from Ministry Partners. You can view 724’s ADV here.
The Form CRS provides information about the relationship between Ministry Partners Advisory and its clients. The Form CRS will help provide you with information that will help us continue to work well together. You can view our Form CRS here.
Ministry Partners Advisory is committed to protecting the confidentiality of the information furnished by our clients to us. Click here to access 724’s consumer privacy policy describes sharing of information pursuant to the federal Gramm Leach Bliley Act and similar state laws.