Regulatory And Advisory  Notices
REGULATORY AND ADVISORY NOTICES

INDIVIDUAL ADVICE NOT OFFERED

 

Articles and viewpoints found on this website are for information only.  We make no representations that such material is relevant or 

advisable for your particular investment, tax or legal situation.

 

ACCURACY AND CHANGES TO POSTED MATERIAL

 

Postings on this web site are changed and updated without notice. We strive for well-informed postings, but investors must consult their 

specialized advisors before making decisions based on information found on this site.  This caution also applies to information found on linked sites.

 

SOCIAL MEDIA AND INTERNET SECURITY

 

We have no control over the security of your internet communications with us, or over your maintenance of your password confidentiality.  

It is the sender’s responsibility to verify the receipt of any critical email.

 

JACOB SECURITIES ADVISORY BOARD

 

Jacob Securities’ Advisory Board extends the firm’s investment banking and research capabilities beyond North American markets, adding 

extensive consultancy resources to corporate engagements.

 

TRADE MATCHING AND SETTLEMENT

 

This Trade Matching Statement is provided in accordance with Canadian NI 24-101 Institutional Trade Matching and its companion policy 

24-101CP. It applies to any and all trades subject to this National Instrument.

Jacob Securities Inc. confirms it has established, maintains and enforces policies and procedures in compliance with trade matching 

requirements as per NI 24-101.

 

REFERRAL FEES

Jacob Securities may enter into referral arrangements from time to time, under the following circumstances:

 

  • » To provide enhanced service to the clients of Jacob Securities, where no fee revenue is shared between the referred party and Jacob Securities.
  • » To provide enhanced service to clients of Jacob Securities, where there is a financial agreement between Jacob Securities and the referred party to provide this enhanced service, or to provide services more optimally delivered to the client with the assistance of the referred party.

 

Because a shared remuneration relationship can be deemed an incentive for the two parties to make mutual referrals, Jacob Securities’ policy is to ensure there is an added client benefit in all referral relationships a client may enjoy.  Where there is shared remuneration, the nature of the arrangement will be disclosed prior to the client’s involvement.

 

JACOB SECURITIES COMPLAINT RESOLUTION

 

As an initial step, please contact your investment representative to discuss questions or concerns you may have about a particular issue.

If you feel the issue is not being resolved to your satisfaction, contact our Compliance Department, by email at 

compliance@jacobsecurities.com, or by letter at Compliance, Jacob Securities,  Suite 2901, 199 Bay Street, Commerce Court West, PO Box 

322, Toronto M5L 1G1.

Upon receipt of your formal complaint, a detailed and transparent investigation and resolution process begins.  Within 5 business days, we 

will acknowledge your complaint and outline the investigative steps underway to seek a resolution.  We will provide you with a substantive 

response, generally within 90 days or less.  This will summarize the complaint, the steps we have taken to investigate it, the results of our investigation, and our final decision on the resolution of the complaint, with an explanation.

We will fully disclose the further options available to you should the complaint not be resolved to your satisfaction at this stage. These further resolution options and procedures are set forth in the IIROF brochure “An Investor’s Guide to Making a Complaint”

 

 

ALIGNING OUR GOALS WITH YOURS:

JACOB SECURITES CONFLICT OF INTEREST STATEMENT.

 

No subsidiary companies

Jacob Securities deals with clients solely thought the entity of Jacob Securities Inc. We do not have subsidiary companies offering investment products or other financial services to our clients.

 

Sale to clients of Securities that Jacob Securities has underwritten.

Jacob Securities has an institutional client base that may be purchasers of securities that Jacob Securities has brought to market by underwriting activities. Such clients are capable of independent judgement in their investment decision-making due to their institutional status.

 

Jacob Securities may offer its private wealth clients a new issue that we have brought to market, and where Jacob Securities has earned a fee for this capital markets activity. To address potential conflicts of interest:

 

  • Any offering to a Jacob Securities client of a security where Jacob Securities is the primary underwriter will be fully disclosed, prior to sale, to the client.
  • Such offerings will be subject to enhanced oversight as to suitability, and will be assessed in relation to the client’s objectives, risk profile and time horizon, and may be disallowed if in conflict with client objectives.
  • In managed accounts, specific permission must be obtained from the client to place our underwritten securities in these portfolios, and in these cases, added oversight is applied.
  •  

    Professional and impartial research

     

    Our research coverage conforms to professional regulatory standards, and presents those disclosures required to enable a reader to reasonably assess the methodology and potential biases that might be deemed present in the report. Our analysts attest annually to CFA codes of ethics, and attest that no considerations were advanced by companies covered in the course of research on these companies. Jacob Securities research analysts are not permitted to own securities in the companies they cover.

     

    No use of proprietary investment products

     

    Jacob Securities does currently operate proprietary funds, or other manufactured investment products. If, in the future, we do create such products, full conflict of interest disclosure will be made to a prospective client prior to sale.

     

    Disclosure of transaction costs, trailer fees and other charges.

     

    Remuneration occurs as a disclosed commission and trade charge on transactions, or as a stated fee arrangement for a fee-based or managed account.

     

    If a third party manager is engaged, those fees will be fully disclosed to the client, and will be included in the overall fee charged to the account.

     

    Jacob Securities makes moderate use of managed investment funds, which usually have a “trailer fee” attached to them. These funds may have a variety of commission types attached – commonly known as “front load” or “rear load”. Trailer fees, and commission types for all funds are publically posted by the Mutual Fund companies as Fund Fact Sheets. Jacob Securities will disclose fully commission structures and trailer fees at the time of sale of a mutual fund. Jacob Securities has a compliance program in effect to ensure that investment decisions are not being suggested on the basis of front or real commissions, or on levels of trailer fee.

     

    Jacob Securities, as an IIROC Member Firm, will be fully compliant with the Client Relationship Model as it is implemented throughout the Canadian investment industry. Full disclosure of fees and charges is mandated by this regulatory initiative, as is the phase-in of performance reporting of portfolios, demonstrated against relevant performance benchmarks.

     

    Referral Fees

     

    Jacob Securities may enter into referral arrangements from time to time, under the following circumstances:

     

  • To provide enhanced service to clients, where no fee revenue is shared
  • To provide enhanced service to clients where there is a financial arrangement between Jacob Securities and the other party.
  •  

    Because a shared remuneration relationship can be deemed an incentive for the two parties to make mutual referrals, Jacob Securities’ policy is to ensure there is an added client benefit in all referral relationships that a client may enjoy. Where there is a shared remuneration, the nature of the arrangement will be disclosed prior to the client’s involvement.