FINRA/SIPC Notice
FINRA
Securities transactions are conducted through Proof Services LLC ("PSL"), a broker-dealer subsidiary of Proof Trading, Inc. Proof Services LLC is a member of FINRA and SIPC. Check the background of this Broker-Dealer and its registered investment professionals on FINRA's BrokerCheck.
FINRA's public disclosure program toll free hotline number is 1 (800) 289-9999 and FINRA's website address is: www.finra.org
SIPC Notice
All customers are advised that information about SIPC, including the SIPC brochure, may be obtained by contacting SIPC. SIPC may be contacted by phone, email or regular mail:
Securities Investor Protection Corporation
805 15th Street, N.W. Suite 800
Washington, D.C. 20005-2215
Tel: (202) 371-8300
Fax: (202) 371-6728
Email: asksipc@sipc.org
For more detailed information please visit the SIPC website at www.sipc.org.
CIP Notice
Notification that the Customer's identification will be verified.
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 company who trades through Proof Services LLC.
What this means for you: When you apply to trade through Proof Services LLC, we will ask for the name of your entity, address, tax identification number and other information that will allow us to identify you. We may also ask to see your articles of incorporation, partnership agreement or other identifying documents.
BCP Disclosure Statement
Proof Services LLC ("PSL" or the "Firm") has developed a Business Continuity Plan ("BCP") for how the Firm will respond to events that significantly disrupt its business. Since the timing and impact of disasters and disruptions is unpredictable, the Firm will have to be flexible in responding to actual events as they occur. With that in mind, the Firm is providing you with this information on the Firm's BCP.
Contacting PSL
If, after a significant business disruption ("SBD"), you cannot contact PSL as you usually do, you should email the Firm's general account psl@prooftrading.com, and appropriate employees will be notified. Alternatively, or in the event of a disruption in email, you should call Daniel Aisen, the Firm's Chief Executive Officer, at (917) 341-1837, or Allison Bishop, the Firm's President, at (917) 341-1677.
If you cannot access us through either of those means, you should contact our clearing firms, 1) Apex Clearing Corporation ("Apex"), 350 North St. Paul Street, #1300, Dallas, TX 75201, (213) 402-1570, www.apexclearing.com and 2) RBC Clearing and Custody ("RBC"), 250 Nicollet Mall, Suite 1700, Minneapolis, MN 55401, (612) 607-8801, www.rbcclearingandcustody.com, for instructions on how it may provide prompt access to funds and securities, reconcile transactions, and process other trade-related, cash and security transfer transactions*.*
PSL's BCP
PSL plans to quickly recover and resume business operations after an SBD, and respond by safeguarding the Firm's employees and property, making financial and operational assessments, protecting the Firm's books and records, and allowing the Firm's customers to continue transacting business with the Firm. In short, the Firm's BCP is designed to permit the Firm to resume operations as quickly as possible, given the scope and severity of the SBD.
PSL's BCP addresses: (i) data backup and recovery; (ii) all mission critical systems; (iii) financial and operational assessments; (iv) alternative communications with customers, employees, and regulators; (v) alternate physical location of employees; (vi) critical supplier, contractor, bank, and counterparty impact; (vii) regulatory reporting; and (vii) working with Apex and RBC to assure our customers prompt access to their funds and securities if we are unable to continue our business.
Our clearing firms, Apex and RBC, back 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, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments as quickly as possible, based on priority. Your orders and requests for funds and securities could be delayed during this period.
Varying Disruptions
SBDs can vary in their scope, such as only to PSL, a single building housing a Firm office, the business district where an office of the Firm is located, the city where a Firm office is located, or an entire region in which a Firm office is located. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only the Firm or a building housing the Firm, the Firm's employees will work remotely from their residences when needed, and expect to recover and resume business within twenty-four (24) hours. In a disruption affecting the Firm's business district, city, or region, the Firm's employees will work remotely from their residences or transfer responsibilities, temporarily, to employees outside of the affected region, and seek to recover and resume business as quickly as possible. In either situation, the Firm plans to continue business operations, transfer operations to our clearing firm if necessary, and notify you through our website prooftrading.com of how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will work with Apex to assure our customers prompt access to their funds and securities.
For More Information
If you have questions about PSL's BCP, you can direct them to Daniel Aisen at (917) 397-3281 or psl@prooftrading.com
Rule 606 Disclosure
SEC Rule 606 requires broker-dealers that route orders in certain equity and option securities to make available reports that present a general overview of their routing practices. Proof Services LLC exclusively trades orders on a not held basis, and thus it does not produce quarterly 606(a) reports concerning held orders.
Proof Services LLC does however produce monthly reports concerning not held orders as per Rule 606(b)(3), and these reports are available for a given customer's order flow upon request.
IEX Rulebook
As per IEX Rule 8.110, Members of IEX shall make available a current copy of the IEX Rules for examination by customers upon request. The IEX Rulebook can be found here.
Additionally, customers of Proof Services LLC may request an electronic copy of the IEX Rulebook by emailing psl@prooftrading.com.