Business Continuity Plan (BCP)
Lake Forest Securities is responsible for creating and maintaining business continuity plans in the event of a business disruption. Our firm’s policy is to respond to a Significant Business Disruption (SBD) by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business. This disclosure will not attempt to re-create the entire plan, but rather, will attempt to summarize key features of the Plan. The Plan itself is the subject of review and change. The identity of persons and processes will change over time and Lake Forest Securities will endeavor to keep the plan current with such changes.
In the event that we determine we are unable to continue our business, we will assure customers prompt access to their funds and securities. We accomplish this in part by:
- Relocating business to alternative physical location.
- Data back-up and recovery (Hard copy and Electronic).
- Alternative communications between our firm and customers, employees and regulators.
- Reviewing and updating our recovery procedures and testing those procedures on an annual basis.
With regard to client assets, nearly all market-traded securities are held in central depositories (such as the Depositary Trust Co. in the U.S.) or with custodian banks, rather than in physical certificates. Ownership of the securities is reflected on a book-entry record-keeping basis with our custodian banks or depositories’ participants (such as RBC Correspondent Services), maintaining on their records the beneficial ownership positions of their customers. This structure is recognized worldwide as providing investors with an unsurpassed level of liquidity and security for the assets they choose to custody with major financial institutions.
Although we have taken significant steps to develop and implement sound business recovery plans, we cannot guarantee that systems will always be available or recoverable after a disaster or significant business disruption. However, we believe that our planning for such events is consistent with many of the best practices established within the industry. Any material changes to the above information will be available on our website or upon request.
If you have further questions regarding our business continuity plans, please contact us by email:
Terms & Conditions
This page sets forth the terms and conditions under which Lake Forest Securities, LLC make this site available to you, as well as the terms and conditions governing your use of this site.
By making use of this site, you agree to be bound by the terms and conditions we have outlined below, as the same may be modified from time to time. Modifications shall be effective immediately upon posting on the site. If you do not accept these terms and conditions, please do not continue to use or access this site.
Availability of Investment Products
The materials and information contained on this website do not constitute an offer or solicitation to anyone in any jurisdiction in which an offer is not authorized, or to any persons to whom it is unlawful to make such an offer or solicitation.
Some Lake Forest Securities’ products and services may not be available in all jurisdictions or may vary from jurisdiction to jurisdiction.
Past performance is not necessarily a guide to future performance. The value of the account can go down as well as up as a result of changes in the value of the underlying securities. There is also currency risk involved in some of the underlying funds.
By downloading or ordering any Forms or Brochures from this site, Lake Forest Securities does not represent or warrant that it is authorized to distribute its products or services in your country.
Permitting you to download Forms or Brochures on our products and services does not constitute a solicitation to anyone in any jurisdiction where such solicitation would be unlawful. For further advice, you should consult an appropriate advisor in your country of residence, and forward any correspondence (application, documentation or general requests) directly to him/her.
The information provided on this site is distributed with the understanding that Lake Forest Securities is not providing legal or tax advice of any type. If you have a question relating to law, tax or estate planning, please seek the advice of a qualified professional in the relevant field. You should consult the account agreements and the appropriate prospectus with your qualified legal advisor.
Limitation of Liability
Although the information provided to you on this site is obtained and compiled from sources we believe to be reliable, Lake Forest Securities cannot and does not guarantee the accuracy, validity, timeliness or completeness of any data made available to you for any particular purpose. Lake Forest Securities does not warrant the accuracy of the information provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. The information provided on this site is provided “AS IS” and cannot be guaranteed. Neither Lake Forest Securities nor any of its affiliates, directors, officers, shareholders or employees will be liable or have any responsibility of any kinds for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use the site or the information contained therein, whether or not the circumstances giving rise to such cause may have been within the control of Lake Forest Securities or any vendor providing software or services support. In no event will Lake Forest Securities, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Lake Forest Securities or any other party have been advised of the possibility thereof. Lake Forest Securities will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site.
Use of the Site; Copyrights, Trademarks & Service Marks
The site is owned and operated by Lake Forest Securities. Certain images used on the site are licensed, not owned, by Lake Forest Securities and may not be used, distributed, modified, transmitted, reused or reposted without the prior written permission of the party from whom Lake Forest Securities has licensed such material. You may access the Lake Forest Securities owned material on the site for non-commercial, personal use only, provided you also retain all copyright and other proprietary notices contained on the materials. You may not use, distribute, modify, transmit, reuse or repost such material for public or commercial purposes without the prior written permission of Lake Forest Securities. Lake Forest Securities neither warrants nor represents that your use of materials displayed on the site will not infringe rights of third parties not owned by or affiliated with Lake Forest Securities. Any unauthorized use of the images may violate copyright laws, trademark laws, the laws of privacy and publicity and communications regulations and statutes. Third party trademarks are used with the permission of their owners.
Links To and From Third Party Websites
You may note that some of the pages on this site provide hypertext links to other sites created by other organizations. We provide you links to other sites as a free service. Because those other sites are not under our control, we cannot guarantee the quality, accuracy, or timeliness of those sites. Nor is our connection to those sites an endorsement or adoption of the views expressed or of the products and services sold on those sites. Questions about the content of those sites should be directed to their authors. If you would like to provide a hypertext link from your site to this site, please request our permission before doing so. To request such permission, send a message via e-mail. Please include in the message your name, address and telephone number, and a description of your site and the reason why you would like to establish a link to this site.
Copyright © 2014 Lake Forest Securities, LLC. All rights reserved.
Our Commitment to Your Privacy:
Lake Forest Securities has a long standing policy of protecting the confidentiality and security of information we collect about our clients. We will not share nonpublic information about you (“Information”) without your consent, except for the specific purposes described below. This notice describes the information we may gather and the circumstances under which we may share it.
Why We Collect and How We Use Information:
We limit the collection and use of Information to that which we require to deliver superior service to you. Such service includes maintaining your accounts with us, processing transactions requested by you and administering our business.
How We Gather Information:
We get most Information directly from you when you initially open your account and, subsequently, during our ongoing relationship, as the need arises. This Information may relate to your finances, investments, employment, and other personal characteristics, as well as transactions and interactions with us or others.
How We Protect Information:
Disclosure of Information:
How to Opt Out or Stop Certain Disclosures About You:
If you prefer that we do not disclose nonpublic personal information about you to nonaffiliated third parties, you may opt out of those disclosures, that is, you may direct us not to make these disclosures (other than disclosures permitted by law). If you wish to opt out of disclosures to nonaffiliated third parties, you may contact us at (305) 374-1177.
Money laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities. Money laundering occurs in connection with a wide variety of crimes, including terrorism, illegal arms sales, drug trafficking and public official corruption.
It is the policy of Lake Forest Securities, LLC to prohibit and actively prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.
Following the attacks on 11 September 2001, the U.S. government enacted the USA PATRIOT Act, which is designed to prevent the use of the U.S. financial system to help fund terrorism and other crimes. The Act imposes a series of anti-money-laundering requirements on brokerage firms and other financial institutions. ITA Financial Services has a vigorous money-laundering prevention program in place.
As a firm, we work closely with all our business partners to ensure that we comply with all anti-money-laundering efforts.
Under the USA PATRIOT Act and other regulations, financial services firms must establish a compliance program, which includes policies and procedures to detect and report suspicious transactions to the government, as well as ensure compliance with the law. Firms must also implement specialized employee training programs, designate a special compliance officer and conduct independent audits of the effectiveness of the compliance program. All of our employees are trained in anti-money-laundering practices and procedures, as well as the details of the firm’s policies.
The regulations also impose requirements regarding client information and verification of that information. Financial services firms are required to verify the identity of the clients with whom they do business, determine the source of funds in a client’s account and obtain the information about a client’s wealth.
As part of our compliance with the Act and in support of the fight against money laundering around the world, we may ask clients for additional information and documentation about certain accounts and transactions. This information may be used to verify client identity.
Order Routing Disclosure 606 Reporting
Lake Forest Securities, LLC places client orders on a fully disclosed basis through our clearing agreements with RBC Correspondent Services.
Pursuant to SEC Rule 606, to access order flow information for RBC, please click on the www.rbccorrespondentservices.com link, type in “Lake Forest Securities” in the “Broker/Dealer’s Full Name” field and click the “Display” button.
Presentations, sales ideas, marketing materials, etc. – This material is for information purposes only. It is neither an offer to sell securities, commodities or other instruments nor a solicitation of an offer to buy securities, commodities or other instruments. This document does not constitute or imply any offer or commitment whatsoever on the part of Lake Forest Securities, LLC. or its affiliates.
Lake Forest Securities, LLC. is acting solely in the capacity of an arm’s length contractual counterparty and not in the capacity of your financial adviser or fiduciary. All information terms and pricing set forth herein is indicative and subject to change without notice. Any opinions expressed herein reflect our judgment at the date and time hereof and are subject to change without notice. The information contained in this document has been internally developed or taken from trade and statistical services and other sources which we deem reliable although no warranty is made that such information is accurate or complete and it should not be relied upon as such.
Lake Forest Securities, LLC. and/or its affiliates may have long or short positions in or make markets in or otherwise buy or sell the instruments or economically equivalent instruments discussed herein and may have acted as a manager of co-manager of a public offering of any such instrument.
Transactions of the type described herein may involve a high degree of risk, and the value of such instruments may be highly volatile. Such risk may include without limitation risk of adverse or unanticipated market developments, risk of counterparty of issuer default and risk of illiquidity. In certain transactions counterparties may lose their entire investment or incur an unlimited loss. This brief statement does not disclose all the risks and other significant aspects in connection with transactions of the type described herein, and counterparties should ensure that they fully understand the terms of the transaction, including the relevant risk factors and any legal, tax and accounting considerations applicable to them, prior to transacting.
This material may not be reproduced, distributed or transmitted to any other person or incorporated in any way into another document or other material without the prior written consent of Lake Forest Securities, LLC. additional information is available upon request. Lake Forest Securities, LLC. is registered in Miami, FL.
Regulation Best Interest Form CRS
Regulation Best Interest Disclosures