Privacy Policy
The following describes how Sandgrain Securities, Inc. handles your personal information and what steps we take to protect your privacy. We do not use your personal information for marketing purposes.
Sandgrain Securities is a FINRA/SIPC/MSRB member. We are a broker/dealer specializing in securities for retail and Institutional accounts. Pershing LLC provides all clearing services for Sandgrain Securities on a fully disclosed basis.
Access to your information is limited to your broker, branch office manager and the Compliance Department for business purposes only. It is based on our need to know such information to assist us in providing products and services to you. Sandgrain Securities requires its employees who have access to customer information to protect it and keep it confidential.
Sandgrain Securities is required to collect certain information from our clients to fulfill the requirements of Government and industry regulators. Data is collected when an account application is submitted and updated as changes occur. Included in this information are name, address, social security number, occupation, employer, net worth and income. Information on securities purchased and sold and money balances is also collected as transactions occur in your account.
Sandgrain Securities acquires this information in accordance with industry regulations. Measures we take to safeguard this information include implementation of physical, electronic and procedural safeguards to store and protect information about you from unauthorized access. Our clearing agent Pershing LLC also takes measures to protect your personal information, which were outlined in their March 2001 mailing.
In the course of conducting business, we may disclose some or all of the previously described information about you to our clearing agent, Pershing LLC and other non-affiliated third parties, as required for the purpose of providing customer service or account maintenance on your behalf or to perform services for us or on our behalf to develop or maintain software. Further we may be required by law to disclose some or all of the previously described information in response to subpoenas or to comply with an inquiry by a government agency or regulator.