Pursuant to Rules 172 and 173 promulgated by the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended, InspereX LLC may be exempt from the requirement to deliver a hard copy of the final prospectus to purchasers in certain registered public offerings of securities ("access equals delivery exemption”). These SEC rules permit underwriters and dealers to fulfill their prospectus delivery requirements through an "access equals delivery" system whereby the customer will be deemed to have received delivery of the final prospectus by virtue of notification of its availability on the SEC's EDGAR website, when an issue is made pursuant to a registration statement or prospectus.
Prospectuses are prepared and filed with the SEC by the respective issuer. Accordingly, InspereX LLC makes no warranty or representation that the information contained therein is accurate or complete. Please note that prospectuses may only be valid during the required delivery period and may not reflect current information regarding the securities offered or the issuer.
The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy securities. Investment products described herein may not be offered for sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or prohibited by the specific offering documentation.
Municipal Securities Disclosure
If this message is received by a Municipal Securities Issuer you are hereby notified that InspereX LLC is not your financial advisor (FA). Further, InspereX LLC is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice, including within the meaning of Section 15B of the Securities Exchange Act of 1934.
Conflicts of Interest Disclosure
InspereX LLC is a financial services firm that regularly seeks investment banking assignments and compensation from securities issuers for services including, but not limited to, acting as an underwriter, manager, co-manager or syndicate member in a securities offering. Readers of marketing materials, research reports or market commentaries produced by InspereX should assume that InspereX LLC or one of its affiliates is seeking or will seek investment banking and/or other business relationships with any issuer or issuers mentioned in such materials. The author of this material may be a member of the Capital Markets Department (i.e., Investment Banking) of InspereX LLC, and is not a Research Analyst. Any opinions expressed herein may differ from opinions expressed by other departments of InspereX LLC, including our Equity or Fixed Income Research Departments. This material may include discussions of securities or financial products that InspereX LLC, may have positions, long or short, held proprietarily or in trust. InspereX LLC may execute transactions which may not be consistent with any discussion or conclusion contained herein. InspereX LLC may also have received compensation for preforming investment banking services or be (or has previously been) engaged in soliciting or preforming other services for the issuer(s) of the securities discussed herein. Further, InspereX LLC may have received compensation as a manager or co-manager in a public offering for the issuer(s) mentioned herein. The information and data contained herein is subject to change without notice. Additionally, the content of this material was obtained from sources believed to be reliable, but InspereX does not warrant the accuracy or completeness of any information contained herein and provides no assurance that this information is, in fact, accurate. The information contained herein is for illustrative purposes only and may not represent specific securities available at any given time. This material should not be considered, construed or followed as investment advice, an investment recommendation or research material. InspereX does not provide financial planning, legal or tax advice. Past performance is not indicative of future results.
Not a Fiduciary
To the extent this communication is provided to an individual investor or an account subject to the Employee Retirement Income Security Act of 1974 or Section 4975 of the Internal Revenue Code, the information contained herein is provided solely on the basis that it will not constitute investment advice and will not form a primary basis for any person’s or plan’s investment decisions, and nothing in this communication (or linked hereto) will result in InspereX becoming a fiduciary or advisor with respect to any person or plan. To the extent this material is provided to any other recipient, this material is provided solely on the basis that the recipient has the capability to independently evaluate investment risk, features, terms and conditions, and is exercising independent judgment in evaluating investment decisions in that its investment decisions will be based on its own independent assessment of the opportunities and risks presented by a potential investment and corresponding investment considerations.
Oral Authorization and Voice Recording
InspereX LLC will not be held liable in acting upon oral instructions given to us concerning your accounts, provided such instructions reasonably appear to be genuine. Certain telephone conversations regarding transactions with InspereX LLC may be recorded for verification and record keeping purposes.
Online and Electronic Systems
If you or any of your employees or agents access or use any internet site or on-line or other electronic system operated for or by us/or any account access, trading, order entry or other services, systems, capabilities or market or other data or content available through any of the foregoing (each, an "Electronic Service"), you acknowledge and agree that such Electronic Service is being made available to you or such other person without any warranty whatsoever, either express or implied, and you agree that any such access or use will be solely at your own risk, and neither we nor any vendor or source will have any liability whatsoever relating to or arising out of any such access or use or any/inaccuracies.
Customer Complaints
All complaints should be made by writing to InspereX LLC’s Compliance Department, Attention: Chief Compliance Officer, InspereX LLC 200 South Wacker Drive, Suite 3400, Chicago, IL 60606 or by calling the InspereX LLC Compliance Department. Please describe the complaint in detail.
FINRA Public Disclosure Information & FINRA BrokerCheck
The Board of Governors of FINRA, Inc. has adopted a public disclosure policy that provides certain types of disciplinary information on FINRA Member Firms and their Associated Persons in response to written inquiries via FINRA’s Regulation's web site address (www.finra.org) or telephone inquiries via FINRA Regulation's toll-free telephone Design listing (1-800-289-9999 or1-800-289-9999). Additionally, you may check the background of your investment professional by looking up a brokerage firm or broker in FINRA BrokerCheck. For questions regarding BrokerCheck, FINRA provides a toll-free hotline at (800) 289-9999 or (800) 289-9999, which is available Monday through Friday from 8:00AM until 8:00PM Eastern time. BrokerCheck may be found on the FINRA website at http://www.FINRA.org under the heading “Investors”.
MSRB G-10 Disclosures: Investor and Municipal Advisory Client Education and Protection
InspereX LLC is registered with the Municipal Securities Rulemaking Board (MSRB) and the U.S. Securities and Exchange Commission as a broker-dealer. The MSRB website address is http://www.msrb.org. An investor brochure and a municipal advisory client brochure that describes the protections available under the MSRB rules and how to file a complaint with an appropriate regulatory authority may be obtained on the MSRB website.
Electronic Communications & CAN-SPAM Act of 2003
If you are receiving this email as part of an electronic communication that would qualify under the definition of “Commercial Email” under the CAN-SPAM Act of 2003, Please click here to unsubscribe
USA PATRIOT Act and Anti-Money Laundering Program
Important Information about Procedures for Opening a New Account
USA PATRIOT Act of 2001 is designed to detect, deter, and punish terrorists in the United States and abroad and imposes anti-money laundering (“AML”) requirements on brokerage firms and financial institutions. Under the Act’s provisions, all brokerage firms are required to have comprehensive AML programs. As part of our AML program, we may ask you to provide various identification documents or other information prior to effecting any transactions for you.
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 all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account. What this means for you: When you open an account, we will ask for your name, address, tax identification number, and other information that will allow us to identify you. The firm may also ask for other identifying documents.
For a corporation, partnership, trust or other legal entity may need to provide information such as its principal place of business, local/office address, taxpayer identification number, certified articles of incorporation, government-issued business license/ a partnership agreement, or a trust agreement and resolutions that name the persons authorized to give us instructions regarding the accounts. Additional information, such as net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance may also be required.
Under certain circumstances, we may become obligated to disclose this information pursuant to applicable laws, rules, or regulations, but the information will otherwise be held in confidence in accordance with our privacy policy.
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. Each time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge. We proudly support all efforts to protect and maintain the security of our customers and our country.