Clearing And Execution Services

CLEARING ARRANGEMENT

Trade-PMR, Inc. has entered into an agreement with Wells Fargo Clearing Services, LLC to execute and clear securities transactions for all accounts. Wells Fargo Clearing Services will carry and maintain these accounts (as defined by SEC Securities Investors Protection Act) under the terms of the fully disclosed clearing agreement, except as may otherwise be provided in the included Client Account Agreement.

Operating under the exception of SEC Rule 15c3-3(k)(2)(ii), TradePMR does not hold or take possession of client funds or securities. To comply with this provision, funding of all accounts and payment of transactions must be made payable to Wells Fargo Clearing Services, LLC and mailed to PO BOX 358230, GAINESVILLE, FL 32635.

 

MEMBER FINRA/SIPC

TradePMR is a member of both the SIPC (Securities Investors Protection Corporation) and FINRA (Financial Industry Regulatory Authority).

To contact the SIPC, visit their website at www.sipc.org or call 202-371-8300. To receive a brochure on the SIPC, please submit a written request to TradePMR, Attn: Compliance Department, PO Box 358230, Gainesville, FL 32635.

FINRA has a public disclosure program known as BrokerCheck® that allows clients to obtain background information on investment professionals and brokerage firms at www.finra.org or via the BrokerCheck® hotline at (800) 289-9999 Monday through Friday 8 a.m. – 8 p.m., Eastern Standard Time.

 

COMPLAINTS

Complaints should be directed to the Compliance Department at PO Box 358230, Gainesville, FL 32635, or via email at Compliance@tradepmr.com.

 

ORDER FLOW

TradePMR does not receive payment for order flow.  We route customer orders for over-the-counter and listed equity securities to our Clearing Firm, who may route your order to selected market makers or other venues for execution.  At all times, Clearing Firm’s foremost concern is to obtain the best execution for customers, regardless of any compensation factor.

Securities which are traded in your account may be executed in more than one marketplace including on or through any exchange, market, platform, broker-dealer or venue our Clearing Firm selects.  Consistent with the principles of best execution and applicable regulatory requirements, our Clearing Firm may use discretion in selecting the routing destination. Our Clearing Firm receives payment for order flow from some market centers where your orders may be routed. 

Our Clearing Firm routes customer orders for over-the-counter and listed equity securities to selected market makers, broker-dealers, alternative trading systems, and/or exchanges for execution.  Our Clearing Firm considers a number of factors when determining where to send customer orders including execution speed, price improvement opportunities, the availability of efficient and reliable order handing systems, the level of service provided, and the cost of executing orders.  TPMR and its Clearing Firm regularly review transactions for quality of execution, generally by measuring execution prices versus the relevant national best bid and offer.

 

IDENTITY VERIFICATION

In compliance with the USA Patriot Act, TradePMR will verify information given on accounts using third party credit agencies in compliance with all government and industry regulations. Failure to provide adequate and correct information on any account will result in reporting to the proper government enforcement agency.

 

BEST EXECUTION

TradePMR clears all of its business with its clearing firm, Wells Fargo Clearing Services, LLC. All orders are routed through them, and all best execution data can be found on their website at www.wellsfargoclearingserivcesllc.com.

For more information about Wells Fargo Clearing Services, including CRD number and SEC numbers, visit SEC.gov.