You have accessed www.falllinesec.com, the FallLine Securities LLC (“FallLine”, also referred to as “we”, “our” or “us”) internet website (the “Website”). FallLine is a broker-dealer registered with the Securities and Exchange Commission (“SEC”), and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”).
The information on the Website has been prepared solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Although FallLine believes that the information on the Website is accurate as of the date of publication, we do not and cannot guarantee the accuracy, validity, timeliness or completeness of any information or data made available to the user on the Website.
Ownership; Trademark; Copyright; Restrictions on Use
The pages and the screens displaying the pages and the information, material and other content on the pages, including but not limited to software posted to or used in connection with the Website or the products and services described herein and the text, graphics, logos, button icons, audio clips, images and software, and the arrangement of the information, material and content are owned and controlled by FallLine, unless otherwise indicated, and are protected by United States and international copyright, trademark, service mark and other property rights and intellectual property laws. The copyrighted and trademarked materials on the Website include, but are not limited to, the name “FallLine Securities LLC”, “FallLine”, the FallLine logo, the phrase “A new path to success”, content, the text, and the page design and graphics. When you agree to these Terms and Conditions, you are authorized to view the contents of the Website for your information purposes only. You may download copyrighted and trademarked material for your personal or internal business purposes only, and you hereby agree that you do not acquire any ownership rights in any copyrighted or trademarked material you download. You may not copy, display, distribute, transfer, link to, reproduce, license, frame, alter, create derivative works from or republish in any form all or any part of the Website for any commercial or public purpose without the prior written consent of FallLine. You may not deep link to any page within the Website. You may not use any FallLine trademark as a link to the Website without the expressed written consent of FallLine. To request a link to the Website, please contact us at:
FallLine Securities LLC
19 Old Kings Highway South
Darien, Connecticut 06820
Unauthorized use of the Website, including but not limited to unauthorized entry into any FallLine network, unauthorized use of any FallLine product or service, or the misuse of any password or any information, material or documents appearing on the Website is prohibited.
Access to Password Protected/Secure Areas
Access to and use of password protected and/or secure areas of this Website is restricted to authorized registered users only. Unauthorized individuals attempting to access these areas of the Website may be subject to prosecution.
Regulatory Considerations and Monitoring
FallLine may monitor and report data as may be necessary to meet Federal, State and other regulatory requirements, including applicable anti-money laundering statutes and regulations of the U.S. Treasury Department and any other governmental agencies. You will also permit FallLine by any reasonable and appropriate means to verify that you have complied with these Terms and Conditions, and you agree to cooperate fully with any such verification process. For the protection of the FallLine network and your protection, all activity on this Website may be monitored and recorded, and you agree that FallLine may do so. FallLine may monitor your use of the Website for purposes including but not limited to Website and transaction security and usage tracking without prior notice to you.
Compliance with Laws
You may use the Website only for lawful purposes. The Website and the products and services described herein are subject to, and you agree that you shall at all times comply with, all applicable local, State, Federal and international laws, statutes, rules, regulations, ordinances and the like applicable to the use thereof. This obligation includes, without limitation, your agreement to comply with all industry-specific regulations and rules relating to the export of technical and other data from the United States (and from your country if you are not located in the United States) and your agreement not to export or re-export any such data or any other content or materials in violation of such laws, rules or regulations without first obtaining all necessary licenses, consents and approvals therefore, as well as authorization therefore from FallLine.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT*
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account.
What this means for you: When you open an Account with FallLine, FallLine will ask you for your name, address, date of birth, and certain other information that will allow us to identify you and confirm your identification. We may also ask to see your driver’s license or other identifying information.
*Account means a formal relationship established by FallLine to provide or engage in services, dealings or other financial transactions including a transaction or asset account or a relationship established to effect transactions in securities.
Not all products or services described on the Website may be available to all FallLine clients. Eligibility for a particular product or service is subject to final determination by FallLine.
Uninsured investment products described in the Website are not bank deposits and are not insured by the Federal Deposit Insurance Corporation. Uninsured investment products are not guaranteed by FallLine and are subject to investment risk including possible loss of all of the principal amount invested.
FallLine Securities LLC Business Continuity Planning
FallLine Securities LLC 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.
Contacting Us – If after a significant business disruption you cannot contact us as you usually do at (203) 621-6211 or at firstname.lastname@example.org, you should call either of our alternative numbers 917-603-0939 or 917-579-3044. If you cannot access us through either of those means, you should contact our clearing firm, Raymond James & Associates, Inc., at (888) RJ CLEAR (752-5327) or www.raymondjames.com/clearing/ for instructions on how it may, provide prompt access to funds and securities, enter orders and process other trade-related, cash, and security transfer transactions for 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 our 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 backs up our important records through secure electronic storage. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within a short period of time. Your orders and requests for funds and securities could be delayed during this period.
Varying Disruptions – 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 when needed and expect to recover and resume business within a short period of time. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business quickly. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our customer emergency number 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.
For more information – If you have questions about our business continuity planning, you can contact us at (203) 621-6221.
Third Party Content
The website may occasionally display the content, services, products or hyperlinks of other companies or persons. Notwithstanding the presentation of any third party information on the website, no such presentation shall be considered an endorsement, representation or warranty, either express or implied, by FallLine on behalf of any third party. In addition, FallLine does not endorse, warrant or otherwise guarantee the substance of any information or services provided by third parties. FallLine shall have no liability or responsibility whatsoever for the content, subject matter or substance of any information accessed or obtained from third party websites accessed from the website or websites that have links to the website. Access to third party websites from the website is established at your own risk.
Security and Hacking
Users of the Website may not violate or attempt to violate the security of the Website or any of the products or services described herein. Accordingly, you agree not to: (i) access data or materials not intended for you; (ii) log into a server or account which you are not authorized to access; or (iii) attempt to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization. Violation of system or network security may result in civil or criminal liability. FallLine reserves the right to investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who have participated in such violations. You agree that it is your responsibility to install anti-virus software and related protections against viruses, Trojan horses, worms, time bombs, cancelbots or other computer programming routines or engines that are intended to damage, destroy, disrupt or otherwise impair a computer’s functionality or operation which may be transferred to your computer via the Website.
Disclaimer of Warranty; Other Disclaimers
The information, material and other content available on the Website produced by FallLine is intended for general use or education and are derived or produced from sources believed by FallLine to be reliable and accurate when produced; however, FallLine does not warrant the accuracy, completeness or timeliness of any such information, material or content or the appropriateness of the information, material or content for use by you. FallLine expressly disclaims liability for errors or omissions in this information, material and content. No warranty of any kind, express, implied or statutory, including but not limited to the warranty of merchantability or fitness for a particular purpose, is given in conjunction with this information, material and content or a product or service available on the Website, except as FallLine may otherwise expressly agree in writing.
The information provided on the Website is not directed to, nor is it intended for distribution to or use by, any person or entity in any jurisdiction or country where such direction, distribution or use is restricted by law or regulation. Persons who access the Website are required to inform themselves of and comply with any such restrictions. The Website is not intended to be, and shall not be construed as, investment, financial or other professional or expert advice. Users of the Website are urged to seek professional advice with respect to any such matters. Information contained on the Website is believed to be reliable, but no warranty is given as to its accuracy or completeness; all information on this Website is subject to change without notice.
No information provided on the Website regarding services or products shall constitute, or be construed as, an offer to sell or a solicitation of an offer to acquire any security, investment product or service, nor shall any such security, product or service be offered or sold in any jurisdiction where such offer or solicitation is prohibited by law or regulation.
You acknowledge that neither FallLine nor any of its employees, agents, Information Providers or licensors warrant that the products or services provided or made available through the Website or that the Website itself will be uninterrupted, error free or free from computer virus or other harmful components. System response times may vary due to system performance and other factors.
Unless otherwise stated, opinions expressed or recommendations made on the Website are the opinions or recommendations of the authors and are not, necessarily, the opinions or recommendations of FallLine.
Limitation on Liability
EXCEPT AS FALLLINE MAY OTHERWISE AGREE IN WRITING OR AS OTHERWISE REQUIRED BY LAW, YOU AGREE THAT FALLLINE IS NOT LIABLE FOR ANY LOSS, COST, LIABILITY OR EXPENSE ARISING BY REASON OF OR IN ANY WAY RELATED TO YOUR ACCESS TO OR USE OF ANY PRODUCT OR SERVICE AVAILABLE THROUGH THE WEBSITE, THE INFORMATION AND MATERIALS AVAILABLE ON THE WEBSITE, THE WEBSITE ITSELF, THE USE OF INTERNET BROWSER SOFTWARE OR ANY COMPUTER VIRUS THAT MAY AFFECT YOUR COMPUTER SYSTEM BY REASON OF YOUR ACCESS TO THIS WEBSITE (PROVIDED THAT FALLLINE SHALL HAVE TAKEN REASONABLE PRECAUTION TO PROTECT AGAINST SUCH A VIRUS). IN NO EVENT WILL FALLLINE BE LIABLE OR RESPONSIBLE FOR SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY OR SIMILAR DAMAGES, INCLUDING BUT NOT LIMITED TO LOST PROFITS, EVEN IF FALLLINE HAS BEEN ADVISED OF THE POSSIBILITY THEREOF.
Change in Terms; Modifications
FallLine reserves the right to change these Terms and Conditions in whole or in part at any time without prior notice, except as otherwise required by law or as otherwise agreed in writing. The current version of these Terms and Conditions are available to you on the Website and should be reviewed regularly. If you find these Terms and Conditions, or any of them, unacceptable to you at any time, you shall discontinue your use of the Website and exit the Website immediately. By continuing to access or use the Website after the date of any change in the Terms and Conditions, you agree to the then current Terms and Conditions.
FallLine reserves the right to modify or terminate the Website, any product or service available through the Website, any link provided by or to the Website and your access to the Website, in whole or in part, at any time.
Governing Law and Jurisdiction
These Terms and Conditions are governed by applicable federal law and the laws of the State of Connecticut, otherwise indicated. You agree that if you access the Website in a jurisdiction where FallLine does not have an office, FallLine is not subject to the jurisdiction of the courts in that place by reason of that access and FallLine does not consent to such jurisdiction.
DISCLOSURE OF ORDER EXECUTION AND ROUTING PRACTICES (SEC RULE 606)
The SEC adopted Exchange Act Rule 606 ("Rule 606," formerly Rule 11Ac16) in November 2000; Rule 606 became effective on July 2, 2001. Rule 606 states that all broker-dealers that route client orders for execution to market centers or through automated order entry systems on primary exchanges must make publicly available, on a quarterly basis, reports that present a general overview of their routing practices. These reports must identify the market centers (exchanges, automated order entry systems, market makers, etc.) to which non-directed customer orders were routed for execution. Broker-dealers must also disclose the material aspects of the broker-dealer's relationship with such venues during the applicable quarter.
FallLine relies exclusively upon Raymond James & Associates, Inc. ("RJA") for order routing and clearing. Pursuant to Rule 606, RJA is required to make publicly available a quarterly report with regard to routing its non-directed orders. For the purpose of Rule 606, RJA has entered into an agreement with Sunguard a division of FIS, to disclose all required information pertaining to Rule 606.
Please click here to view the most recent quarterly report for RJA.
For more information on SEC Rule 606, please visit the Securities and Exchange Commission website.