Ausdal Financial Partners is a member of the Financial Industry Regulatory Authority (FINRA), the largest non-governmental regulator for all securities firms doing business in the United States.
Created in 2007 through the consolidation of NASD and the regulatory arm of the New York Stock Exchange, FINRA touches virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms.
With approximately 3,000 employees operating from Washington DC, New York, NY and 15 District Offices around the country, FINRA is a trusted advocate for investors dedicated to keeping the markets fair and ensuring investor choice
SIPC is the first line of defense in the event a brokerage firm fails owing customers cash and securities that are missing from customers accounts. When a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing, SIPC steps in as quickly as possible and within certain limits, works to return customers’ cash stock and other securities. Without SIPC, investors at financially troubled brokerage firms might lose their securities or money forever...or wait for years while their assets are tied up in court.
Not everyone, and not every loss is protected by SIPC. The Securities Investor Protection Corporation does not offer to customers the same blanket protection that the FDIC provides to bank depositors. Where banking instruments are inherently “risk averse”, securities rewards are only possible with risk. Consequently, SIPC does not bail out investors when the value of their investments decline. Instead, SIPC replaces missing stocks and other securities when it is possible to do so...even when the investments have increased in value.
Ausdal Financial Partners is committed to serving the best interest of our investors. To that end, we maintain numerous policies and procedures to disclose business procedures, protect client privacy and ensure our ability to serve you. For information regarding specific policies, please consult the documents listed to the left.
SEC-Required Report on Routing of Customer Orders For Quarter Ending December 31, 2008
Ausdal Financial Partners introduces transactions on a fully disclosed basis to our clearing firms, Pershing LLC ("Pershing"). In November 2000, the U.S. Securities and Exchange Commission ("SEC") adopted new rules aimed at improving the quality and availability of disclosure related to order execution and routing practices. Pershing has prepared reports pursuant to U.S. Securities and Exchange Commission Rule 606 that requires all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, our clearing firms have selected the execution venue on behalf of its customers.
The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by the respective clearing firm, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of the respective clearing firm's relationship with the venues. Ausdal Financial Partners directs its equity order flow to its clearing broker, Pershing LLC, for routing and execution based upon where the customer's account is held. Ausdal does not receive compensation for directing order flow to Pershing.
Click here if your account is held at Pershing (enter "Ausdal Financial Partners" when prompted for the broker-dealer's full name).
We Care About Your Privacy!
Your Privacy is a high priority for us and it will be treated with the highest degree of confidentiality. In order for us to be able to provide you with financial services, we need to collect certain information from you. However, we want to emphasize that we are committed to maintaining the privacy of this information in accordance with law. All individuals with access to personal information about our customers are required to follow this policy.
Information That Is Collected:
While providing service to you, we collect personal information from the following sources:
- Information we receive from you on insurance and annuity applications, new account forms or
other forms such as your name, address, date and location of birth, marital status, sex, social
security number, medical information, beneficiary information, etc.
- Information about your transactions with us, our affiliates or others such as tax information,
investment information, and accounting information.
-Information we receive from consumer reporting agencies, such as your credit history.
Information That May Be Disclosed:
We may provide the non-public information that we collect to affiliated or non-affiliated persons or entities involved in the maintenance, processing and servicing of your Ausdal Financial Partners account. We will not provide this information to any other non-affiliated third party unless we have a written agreement that requires such third party to protect the confidentiality of this information. We may have to provide the above described non-public information that we
collect to authorized persons or entities to comply with a subpoena or summons by federal, state or local authorities and to respond to judicial process or regulatory authorities having jurisdiction over our company for examination, compliance or other purposes as required by law.
We do not disclose any non-public personal information about our customers to anyone except as permitted or required by law.
We recognize that our representatives are independent financial professionals and you have
elected to open accounts with us due to the efforts of our representatives. Because of the importance of your relationship with your representative, if he/she elects to leave our firm for another brokerage, investment advisory or insurance firm, we or your advisor may share your information with the new firm in order to facilitate the transfer of your accounts. This sharing of information is subject to the requirements or limitations of applicable law.
If you do not want your advisor to disclose your personal information to the new firm in order to continue servicing your account please contact us in writing at: Ausdal Financial Partners, 5187 Utica Ridge Road, Davenport, IA 52807 to opt-out of this information sharing.
Some states require that your affirmative consent to share your personal information with the new firm. In this case, you must offer written consent before your advisor is allowed to take any of your personal information to the new firm. If you want to follow your financial advisor to their new firm when your advisor terminates his or her relationship with us, you do not need to take any action. You may withdraw your consent at any time by contacting us in writing at the address provided above.
Confidentiality & Security of Your Non-public Personal Information:
We restrict access of non-public personal information about you to only those persons who need to know about that information to maintain, process, and service your account with Ausdal Financial Partners. We maintain physical, electronic, and procedural safe guards that comply with state and federal standards to guard your non-public personal information. If we become aware that an item of personal information may be materially inaccurate, we will make a reasonable effort to re-verify its accuracy and correct any error as
Information about Former Customers
Ausdal Financial Partners maintains non-public information about our former customers on a confidential and secure basis. If any such disclosure is made, it would be for reasons and under the conditions described in this notice. We do not disclose any non-public personal information about our former customers to any one except as permitted or required by law. An investor brochure that includes information describing the Public Disclosure Program can be obtained by accessing FINRA’s website (www.FINRA.org) or calling FINRA’s hotline number (800-289-9999). SIPC Customers may obtain information about SIPC, including the SIPC brochure, by contacting SIPC. directly at (202) 371-8300 or by accessing SIPC’s website at www.sipc.org.
Business Continuity Plan
Ausdal Financial Partners has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
If after a significant business disruption you cannot contact us as you usually do at 563-326-2064 or firstname.lastname@example.org, you should call our alternative number 630-407-0400. If you cannot access us, you should contact our clearing firm, Pershing LLC at 800-635-9881 or www.pershing.com for instructions on how it may assist you.
Our Business Continuity Plan
We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing customers to transact business. In short, our business continuity plan is designed to
permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.
Our business continuity plan addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.
Our clearing firm, Pershing LLC backs up our important records in a geographically separate area. We understand that every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, Pershing has advised us that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within 5 business days. You should understand that your orders and requests for funds and securities could be delayed during this period.
Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site outside of the affected area, and recover and resume business within 10 business days. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site www.ausdal.com or our customer emergency number, 630-407-0400 how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities.
Form ADV 2
Home Office: 5187 Utica Ridge Road, Davenport, Iowa 52807 (563) 326-2064 Chicagoland Office: 1350 Lacey Road, Ste. 130, Downers Grove, IL 60515 (630) 407-0400