Disclosures
SEC Required Order Disclosures
Quarterly reports regarding Pacific American Securities, LLC's Order Routing information in accordance with SEC rule 606 can be obtained in writing by contacting our offices or via the internet at www.marketsystems.com . Currently, Pacific American Securities, LLC is exempt from SEC rule 605, Order Execution.
Business Continuity - Disaster Recovery Plan
Pacific American Securities, LLC will forward a copy of our Business Continuity - Disaster Recovery Plan to our clients upon written request.
Please forward your request to:
Pacific American Securities, LLC
9191 Towne Centre Drive,Suite 406
San Diego, CA 92122
Attention: Compliance Department
You may also view or download a copy using the link below:
Risk Management - Business Continuity - Pandemic Preparedness
Bank Disclosures
Products are not insured by the FDIC.
Products are not bank deposits or other obligations of the Bank and are not guaranteed by the Bank.
Products are subject to investment risks, including possible loss of principal invested.
Pacific American Securities, LLC Investment Protection Principles
On July 30, 2002, Pacific American Securities, LLC adopted the Investment Protection Principals set forth by the State Treasurer of California, the State Treasurer of North Carolina, and the Comptroller of New York State.
If you have any questions or require additional information, please contact our offices at (858) 320-2850.
Extended Hours Trading Risk Disclosure Statement
- Risk of Lower Liquidity - Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular market hours. As a result, your order may only be partially executed, or not at all.
- Risk of Higher Volatility - Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular market hours. As a result, your order may only be partially executed, or not at all, or you may receive an inferior price in extended hours trading than you would during regular market hours.
- Risk of Changing Prices - The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular market hours, or upon the opening the next morning. As a result, you may receive an inferior price in extended hours trading than you would during regular market hours.
- Risk of Unlinked Markets - Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
- Risk of News Announcements - Normally, issuers make news announcements that may affect the price of their securities after regular market hours. Similarly, important financial information is frequently announced outside of regular market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
- Risk of Wider Spreads - The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
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