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SIPC
Protection
Securities and cash in client accounts held at our clearing firm First Clearing, LLC ("First Clearing")
have two sources of protection. First Clearing is a member of the Securities Investor Protection Corporation ("SIPC").
SIPC protects the clients of its member firms against the loss of their securities in the event of the member's insolvency
and liquidation. Each client is insured up to a maximum of $500,000 (including $100,000 for claims for cash).
For more information on SIPC coverage, please see the explanatory brochure at www.sipc.org or contact SIPC at
(202) 371-8300.
In addition, First Clearing maintains a program of additional protection. This additional insurance coverage is provided
through London Underwriters (led by Lloyd's of London Syndicate) ("Lloyd's"). For clients who have received the full SIPC
payout limit, First Clearing's policy with Lloyd's provides additional coverage above the SIPC limits for any missing
securities and cash in client brokerage accounts up to a First Clearing aggregate limit of $1 billion
(including up to $1.9 million for cash per client). SIPC and the additional protection do not insure the quality of
investments or protect against losses from fluctuating market value.
Financial
Statement -
Statement
of Financial Condition Report
SFC.pdf - (PDF format)
NMS
Rule 605 and Rule 606 Information -
NMS
Rule 605 and Rule 606 Information
Business
Continuity Plan Disclosure
Terms
and Conditions -
Use
of this Web Site
Although
Howe Barnes Hoefer & Arnett, Inc. ("Howe Barnes") tries to provide
accurate and timely information; the content of this site
may not be accurate, complete or current and may include
technical inaccuracies or typographical errors. From time
to time changes may be made to the content of this site
without notice.
Howe
Barnes may change the products, services, and any other
information described on this site at any time. The information
published on this site is provided as a convenience to visitors
and is for informational purposes only. You should verify
all information before relying on it and decisions based
on information contained in our site are your sole responsibility.
If you need specific details about any information contained
in our site, you should contact Howe Barnes as indicated
on the Contact Us page. Howe Barnes controls and maintains
this site from the United States of America and makes no
representation that materials are appropriate or available
for use in other locations. If you use this site from other
locations, you are responsible for compliance with applicable
local laws.
All
of the information on this web site, including all images,
is copyrighted material of Howe Barnes, except as otherwise
indicated. You may not copy, download, republish, distribute
or reproduce any of the information contained on this web
site in any form without the prior consent of Howe Barnes
unless otherwise indicated.
Links
to this web site are not permitted without the prior consent
of Howe Barnes. By accessing this web site, you agree to
be bound by all of these terms and conditions.
Products
and Services
The products and services referred to on this web site are
offered by or through Howe Barnes.
The
products and services and the applicable terms and conditions
may change at any time. There may be eligibility requirements
for these products and services, and they may not be available
in all geographic areas.
Howe
Barnes, its directors, officers, employees or clients may
have or have had interests or long or short positions in
the securities referred to herein, and may at any time make
purchases and/or sales in them as principal or agent. In
addition, Howe Barnes may act or have acted as market-maker
in financial products discussed herein. Furthermore, Howe
Barnes may have or have had a relationship with or may provide
or have provided investment banking, capital markets and/or
other services to the relevant companies. Employees and
Directors of Howe Barnes may serve or have served as officers
or directors of the relevant companies. Howe Barnes may
rely on information barriers, such as "Fire Walls," to
control the flow of information contained in one or more
areas within Howe Barnes into other areas, units, groups
or affiliates of Howe Barnes.
You
should refer to individual equity research reports for important
disclosures for any research reports that appear on this
site.
Past performance is no guarantee of future results.
Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign-market instability and foreign-currency fluctuations. Risks associated with international investing may be magnified in emerging or developing markets.
Smaller-capitalization stock investing may offer the potential for greater results; however, it is also generally associated with greater price volatility due to the higher risk of failure.
Derivatives involve additional risk including interest rate risk, credit risk, the risk of improper valuation and the risk of non-correlation to the relevant instruments they are designed to hedge or to track.
Products
offered through Howe Barnes Hoefer & Arnett, Inc. are not FDIC
insured; are not deposits, obligations, or guaranteed by
any bank; and involve investment risks, including the possible
loss of the principal amount invested.
Fixed
Income Securities
The
description of fixed income securities on the site constitutes
neither an offer to sell nor an offer to buy. Nor shall
there be any sale of these fixed income securities in any
jurisdiction in which it is unlawful to make such offer,
solicitation or sale. The fixed income securities mentioned
here are subject to prior sale and may not be available.
Contact a Howe Barnes Financial Advisor for specific details,
and refer to a preliminary or final official statement for
more information about any particular issue.
Investors should be familiar with the terms of fixed income
securities - including maturities, call features, interest
payments and credit quality of an issue - before purchasing
them. These fixed income securities are not intended for
sale to non-U.S. investors.
Interest
on fixed income securities may or may not be exempt from
regular federal income taxes. Investors should consult their
personal tax advisor for tax advice about their specific
situation prior to making any investment decisions with
tax consequences. Howe Barnes and its Financial Advisors
do not offer tax advice.
Market
prices of fixed income securities fluctuate. If securities
are sold prior to maturity, investors may receive more or
less than the original cost or maturity value. Securities
may be subject to call provisions before their stated maturity;
be sure to ask your Howe Barnes Financial Advisor whether
any call provisions apply. Insurance does not pertain to
yield quotations or market values, which fluctuate over
the life of these securities. It covers only the timely
payment of interest and principal. Bond prices generally move in the opposite direction from interest rates.
Other
Sites
This
site may contain links to other sites on the Internet. These
links are provided for your convenience. Links to another
site do not constitute Howe Barnes' approval or endorsement
of that site or its products or advertisements.
Exclusion
of Warranties
Howe
Barnes makes no warranties or representations as to the
accuracy or completeness of the information contained on
this web site. This information and the products and services
are provided "as is" "as available" without any warranty
of any kind, either expressed or implied, including but
not limited to, the implied warranties of merchantability,
fitness for a particular purpose, and non-infringement.
Limitation
of Liability
Neither
Howe Barnes nor any of its subsidiary or affiliate entities,
agents, employees, or subcontractors shall be liable for
any direct, indirect, special, incidental, consequential,
punitive, or exemplary damages, including lost profits (even
if we are advised of the possibility) arising in any way
from the information contained in this web site or any information
transmitted via this web site. The materials available herein
have no regard to the specific investment objectives, financial
situation or particular needs of any specific recipient.
Any Reports appearing on this website are published for
information purposes and is not to be construed as a solicitation
or an offer to buy or sell any securities or related financial
instruments. Howe Barnes is not liable for any damages or
losses that may be caused to any equipment and other software
due to any viruses, defects or malfunctions in connection
with access or use of this web site.
By
transmitting information through this web site, you accept
the risk that the information you transmit to us and any
information that we transmit to you may be intercepted by
third parties.
E-mail
Messages
that you send to us by e-mail may not be secure. We recommend
that you do not send any confidential information to us
by e-mail. If you choose to send any confidential information
to us via e-mail, you accept the risk that this information
may be intercepted by a third party.
Information
Provided By You
Howe
Barnes does not want you to, and you should not, send any
confidential or proprietary information via this web site.
In particular, you must not under any circumstances transmit
trade requests via this web site. You agree that any information
or materials that you or individuals acting on your behalf
provide to Howe Barnes through this web site will not be
considered confidential or proprietary. By providing any
such information or materials to Howe Barnes, you grant
to Howe Barnes an unrestricted, irrevocable, royalty-free
license to use, reproduce, display, publicly perform, transmit
and distribute such information and materials, and you further
agree that Howe Barnes is free to use any ideas, concepts
or know-how that you or individuals acting on your behalf
provide to Howe Barnes. You further recognize that Howe
Barnes does not want you to, and you warrant that you shall
not, provide any information or materials to Howe Barnes
that are defamatory, threatening, obscene, harassing, or
otherwise unlawful, or that incorporates the proprietary
material of another.
Privacy
Policy Statement -
This notice summarizes our policy regarding the confidentiality
and disclosure of client information. We understand that
confidentiality of your personal nonpublic client information
is critical to you and we regard the protection of your
personal client information as one of our most important
responsibilities. It is our policy that we do not sell or
offer nonpublic personal information to anyone. Furthermore,
we will share your personal client information with others
only as stated in this notice.
We may derive personal nonpublic information about our clients
from various sources including, but not limited to information
we receive from you on your new account form and from information
provided to us by other financial advisors and/ or vendors
providing services to you.
We take steps to safeguard our client information by restricting
access to your personal account information to only those
employees who have a need to know such information in order
to service your account. All of our employees are professionals
and recognize their responsibility to safeguard your personal
information. Our written policies and employee training
clearly identify steps to be taken to protect personal information.
We also provide physical and electronic password protection
safeguards to ensure confidentiality of your personal information.
We may disclose your nonpublic personal information between Howe Barnes Hoefer & Arnett, Inc.
and Howe Barnes Capital Management, Inc. which is an affiliated Registered Investment Advisor.
We may also disclose nonpublic personal information to non-affiliated
third parties or vendors. The primary non-affiliated third
party which will receive information from us is our clearing
firm, First Clearing, LLC. We will also disclose non-public
personal information to securities regulators upon request;
to other persons pursuant to subpoenas; or as otherwise
required by law.
Should you decide to close your account(s) or if your account
becomes inactive, we will continue to adhere to the privacy
policy summarized in this notice and in our written privacy
procedures. Should you have questions regarding this notice
or our privacy policy please contact your account executive
or account manager.
Howe
Barnes is a FINRA ( WWW.FINRA.ORG ) and SIPC member.
Howe Barnes Hoefer & Arnett, Inc. ©2006 All Rights Reserved.
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