Privacy and Disclosures
Privacy & Security
Customer Privacy Policies and Practices
Included below are the documents that describe the policies and practices of Moors & Cabot's Customer Privacy.
Protection in an Emergency
Moors & Cabot has developed a comprehensive business continuity plan that is designed to protect your interests in the event of an internal disruption—such as a fire in our building—or an external disruption—such as a terrorist attack or a flood—that affects many brokerage firms and/or U.S. securities market operations.
This carefully crafted, highly detailed plan allows us to recover critical systems and business functions as quickly as possible, minimizing any impact on our ability to communicate with you and meet your investment needs. The plan is managed by senior personnel at our firm and is updated annually to capitalize on technological enhancements and human resource changes.
Customer records, funds and securities are held by our clearing firm, First Clearing*. The firm's primary computer facilities are located in geographically diverse parts of the country for added protection. FCC submits its contingency plan to Moors & Cabot for review on a regular basis, and we are satisfied that the plan adequately protects your interests, including your ability to access your records and assets in the event of an internal or external disruption.
Download a summary of the Moors & Cabot Business Continuity Plan.
*First Clearing is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.
Information & Disclosures
SEC Rule 606 requires broker-dealers that route orders in certain equity securities to make publicly available quarterly reports that present a general overview of their routing practices. Based on the SEC's requirements, these statistics capture only a portion of Moors & Cabot's order flow.
We have made every attempt to prepare these statistics in compliance with the SEC's Rules. The required statistics are intended to provide only an overview of our order routing practices. However, these statistics have not been independently audited and may contain errors. Accordingly, any decision about whether to open an account or to direct orders to Moors & Cabot, Inc should not be based solely on these statistics, but on an evaluation of the full range of services that we provide.
USA PATRIOT Act Information
Below is important information about our procedures for opening an account mandated by the USA PATRIOT Act.
To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act, a federal law, requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, including business accounts.
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. If you are opening an account on behalf of a business entity, documents relating to the business may also be requested.