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June 28,2002
Mastertrader.com carries your account as an introducing broker
under a fully-disclosed clearing arrangement with Penson Financial
Services, Inc. At Mastertrader.com, we understand that privacy is
an important issue for our customers. It is our policy to respect
the privacy of all accounts that we maintain as an introducing broker
and to protect the security and confidentiality of nonpublic personal
information relating to those accounts. Please note that this policy
applies to former customers as well as current customers.
Personal Information Collected
In order to service your account as an introducing broker, we collect
information from you in order to provide the financial services
that you have requested.
The information collected by us and provided to Penson may come
from the following sources:
- Information received from you, such as your name, address, telephone
number, social security number, occupation, and income;
- Information relating to your transactions, including account balances,
positions and activities;
- Information which may be received from consumer reporting agencies,
such as credit bureau reports and other information relating to
your creditworthiness; and
- Information that may be received from other sources with your consent.
Sharing of Nonpublic
Personal Information
Mastertrader.com does not disclose nonpublic personal information
relating to current or former customers to any third parties, except
as required or permitted by law and in order to facilitate the clearing
of customer transactions in the ordinary course of business.
Security
Mastertrader.com strives to ensure that our systems are secure
and that they meet industry standards. We protect personal information
you provide to us by maintaining physical, electronic, and procedural
safeguards that either meet or exceed applicable law. Where appropriate
we and our clearing firm, Penson, employ firewalls, encryption technology,
user authentication systems (i.e. passwords and personal identification
numbers) and access control mechanisms to control access to the
systems and data. Third parties who may have access to such personal
information must also agree to follow appropriate standards of security
and confidentiality. Mastertrader.com has educated its staff with
regard to this privacy policy and as a general policy our staff
will not discuss or disclose information regarding an account except
with authorized personnel of our clearing firm or as required by
law or pursuant to regulatory request and/ or authority.
Changes to Mastertrader.com
Privacy Policy
Mastertrader.com reserves the right to make changes to this policy.
How to get in touch with
Mastertrader.com about this Privacy Policy
For more information relating to Mastertrader.com’s privacy
policy, please contact:
Mastertrader.com
Compliance Department
7-11 South Broadway, Suite# 210A
White Plains, NY 10601
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