Notification of Privacy Statement Changes
Rainmaker Securities, LLC (RMS) may update this Privacy Policy to reflect changes to our information practices. We encourage you to periodically review this page in order to be aware of the latest information on RMS’s privacy practices. T
Why You Are Receiving This Notice
Federal law requires us to tell you how we collect, use, protect, and disclose your nonpublic personal information (“NPPI”). This notice applies to individuals who establish a customer relationship with us when we act as their agent in a securities transaction.
Collection and Use of Personal Information
RMS collects and stores the following NPPI in order to comply with applicable governmental and self-regulatory organization rules and regulations:
Contact Information such as name, phone number, email address, and address
Information such as your income, investment objectives, age, investment history, liquid assets, etc. in order to determine investment suitability pursuant to FINRA Rule 2111
Information about legal and financial status to verify that an investor is an “accredited investor” as required by Rule 501 of Regulation D promulgated under the Securities Act of 1933
Due diligence data and documentation provided by an entity seeking investment
Professional biographies obtained for due diligence and anti-money laundering purposes
Background information to help determine whether a person is disqualified for a transaction via the “Bad Actor” requirements of 506(d) of Regulation D promulgated under the Securities Act of 1933
Transaction history and documentation
As is true of most websites, the RMS website may automatically gather information about your computer such as your IP address, browser type, referring/exit pages, and operating system. Other pieces of visitor information may be collected on an aggregated or individual basis through the use of third-party website analytics services such as those provided by Google. The privacy and other terms of those third-parties will apply.
Information Sharing
RMS does not sell NPPI to third parties. RMS does not share personal information about clients except as needed to complete securities transactions and comply with governmental and self-regulatory organization rules and regulations.
Absent consent, RMS may also disclose NPPI in the following manner:
In furtherance of facilitating a securities transaction requested by the client pursuant to the agent agreement with the client
As required by law such as to comply with a subpoena, administrative order or similar legal process
When we believe in good faith that disclosure is necessary to protect our rights, protect your safety or the safety of others, investigate fraud, or respond to a government request
If RMS is involved in a merger, acquisition, or sale of all or a portion of its assets, the information may be transferred to the new ownership group, which shall be held to the same privacy standards as RMS.
Categories of Third Parties With Whom We Share NPPI
Transaction counterparties (only to the extent necessary to execute the transaction)
Service providers who assist with AML screening, identity verification, recordkeeping, and secure data storage
Attorneys, auditors, or consultants performing functions on our behalf
Regulators and self-regulatory organizations when required
Other financial institutions involved in processing your transaction
Your Right to Opt Out
We do not share NPPI in a way that triggers any right to opt out under federal law. If our sharing practices change, we will provide an updated notice and opt-out instructions.
How We Protect Your Information
We maintain administrative, technical, and physical safeguards designed to:
Prevent unauthorized access to NPPI
Detect and respond to cybersecurity incidents
Ensure secure disposal of customer information in accordance with federal requirements
Require service providers to implement appropriate protections and notify us promptly in the event of any breach of their information systems
Annual Privacy Notice
Because we do not share your information in a manner that requires an opt-out, and because our practices do not change, we qualify for the FAST Act annual-notice exception. You will not receive an annual privacy notice unless our practices change.
Contact Information
If you have questions about this notice or our privacy practices, please contact your RMS agent.