Park Madison Partners LLC (“Park Madison” or the “Firm”) is committed to complying with U.S. statutory and regulatory requirements designed to combat money laundering and terrorist financing. The USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account or establishes a relationship with the Firm. Specifically, Park Madison is required to collect the following information: legal name, date of birth, address and identification number (TIN or SSN). A legal entity may need to provide other information such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, and a partnership agreement or a trust agreement. We may also ask for a copy of your driver’s license or seek additional documentation.
Unless otherwise indicated, you should assume that we require the personal data for business and/or compliance purposes. To the extent that we do rely on consent to process your personal data, we will contact you to obtain this consent. You have the right to withdraw this consent at any time.
The Financial Industry Regulatory Authority (“FINRA”) runs a public disclosure program known as BrokerCheck that provides information about brokerage firms and their registered persons. To obtain an investor brochure that includes information about BrokerCheck or to obtain additional information, contact the FINRA public disclosure hotline at (800) 289-9999 or visit the BrokerCheck website at https://brokercheck.finra.org/. FINRA’s general website is located at https://www.finra.org/.
Pursuant to National Instrument 31-103 (Registration Requirements and Exemptions), Park Madison is informing you of the following:
Park Madison is not registered in Canada and is trading with you, its client, in reliance upon an exemption from the dealer registration requirement under National Instrument 31-103. As such, Park Madison is subject to trading restrictions and may only trade in, primarily, non-Canadian securities (i.e., issued by an issuer incorporated, formed or created under the laws of a non-Canadian jurisdiction or issued by a non-Canadian government) with “permitted clients” resident in Canada.
Park Madison’s jurisdiction of residence is New York, NY.
The name and address of the agent for service of process of the Firm in the Province of Ontario is:
Osler, Hoskin & Harcourt LLP
1325 Avenue of the Americas, 20th Floor
New York, NY 10019
Attention: Terence Doherty
Because it is resident outside of Canada and all or substantially all of its assets may be situated outside of Canada, Canadian entities may encounter difficulties enforcing legal rights against Park Madison.
Pursuant to FINRA Rule 2261, copies of Park Madison’s audited financials will be provided to any customer upon written request.
You may obtain information about the Securities Investor Protection Corporation (“SIPC”), including a copy of the SIPC brochure, by calling them at (202) 371-8300 or visiting their web site at https://www.sipc.org/.
Park Madison, pursuant to FINRA rules, has created a Business Continuity Plan to address and guide our response to and recovery from Significant Business Disruptions (“SBDs”). Copies of this Summary Disclosure Statement shall be given to all clients at the time they open their accounts with the Firm. The Firm’s Business Continuity Plan is subject to modification and an updated summary will be promptly sent to our clients. Alternatively, clients may obtain updated summaries by requesting a written copy by mail or fax.
In all of the following scenarios, the Firm plans to continue business and our planned recovery time, depending upon the time of occurrence, should not exceed 24 hours from the time of the declaration of the SBD. Staff, telephone calls, and e-mails will return to their original location upon full restoration of service.
If a disruption occurs at our main office located at 200 Harbor Road, Port Washington, New York 11050, we will attempt to maintain contact with you via firm personnel cell phones and an alternative e-mail and phone location. The same procedure will be followed for our office located at 299 Park Avenue, 41st Floor, New York, NY 10171.
If a disruption occurs in our business district affecting our main office, we will attempt to maintain contact with you via firm personnel cellular phones and alternative email and phone locations. These locations shall be outside the business district.
If a disruption occurs in our city-wide area that affects our main office, we will attempt to maintain contact with you via Firm personnel cell phones and alternative e-mail and phone locations. These locations shall be outside the city-wide area.
If a regional disruption occurs that affects our main office, we will attempt to maintain contact with you via firm personnel cell phones and alternative e-mail and phone locations.
The Firm has also contracted with various entities to ensure that sensitive information is made redundant at back-up facilities. However, due to the nature of such information we do not disclose the specific location of any back-up facilities, any proprietary information contained in our Business Continuity Plan or the parties with whom we have back-up arrangements.
Please call Nancy Lashine, the Firm’s Chief Compliance Officer, at (516) 883-8410 should you have any questions.