Terms & Conditions

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Liberty Associates, Inc. (“Liberty”) or (the “Company”), or its affiliates to any registration requirement within such jurisdiction or country. Neither the information nor any opinion contained in this site constitutes a solicitation or offer by Liberty Associates, Inc. or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. Disclaimer of Warranty and Limitation of Liability.

The information, products, and services on this site are provided on an “AS IS”, “WHERE IS” and “WHERE AVAILABLE” basis. Liberty does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Liberty 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.

Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Liberty cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Without limiting the foregoing, none of Liberty Associates, Inc., its affiliates, directors, officers or employees, or any third party vendor will be responsible for, or have liability with respect to, any information or materials posted by others, including, without limitation, defamatory, offensive or illicit material, or any kind 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 of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Liberty or of any vendor providing software or services support. In no event will Liberty, 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 Liberty or any other party have been advised of the possibility thereof.

Proprietary Rights. All right, title and interest in this site and any content contained herein is the exclusive property of Liberty Associates, Inc., except as otherwise stated. This site is for your personal and non-commercial use only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, frame, create derivative works from, transfer, or otherwise use in whole or in part any information, software, products or services obtained from this site, except for the purposes expressly provided herein, without Liberty’s prior written approval. If you download any information or software from this site, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.

Procedure for Making Claims of Copyright Infringement. Liberty and its affiliates companies as applicable respect the intellectual property of others and ask that our users and those posting content to this site do the same. It is Liberty’s policy to respond expeditiously to claims of intellectual property infringement by promptly processing and investigating notices of alleged infringement and taking appropriate actions under the Digital Millennium Copyright Act and other applicable intellectual property laws. If you believe that your copyrighted work is accessible on this site in a way that constitutes copyright infringement, you may notify us by providing our Copyright Agent with the following information:

the electronic or physical signature of the owner of the copyright or of the person authorized to act on the owner’s behalf;
identification of the copyrighted work or other intellectual property that you claim is being infringed;
identification of the material that you claim is infringing;
identification of the URL or other specific location on this site where the material that you claim is infringing is located (please be as specific as possible);
your name, address, telephone number, and email address;
statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and
statement by you, made under penalty of perjury, that the information in your notice is accurate and that you are the copyright owner or are authorized to act on the copyright owner’s behalf.

Liberty Associates, Inc. Copyright Agent for notice of claims of copyright infringement on this site is S&E Azriliant, P.C., 501 5th Avenue, 15th Floor, New York, NY 10017. Please put “Notice of Alleged Infringement” in the subject line of all such notifications. Only copyright concerns will be answered at this address. To contact Liberty Associates, Inc. on other matters, please visit our website at www.libertyai.com and the “Contact Us” page.

Use of Links. This site may contain links to and be linked from third-party websites. These links are provided as a convenience only. The inclusion of any link is not and does not imply an affiliation with or the sponsorship, endorsement, or approval of any third-party website or the content contained therein. Should you leave this site via a link contained herein, and view content that is not provided by Liberty Associates, Inc. you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by Liberty Associates, Inc. and we are not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive.

Liberty Associates, Inc. makes no guarantees or representations as to and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content. You should also be aware that the terms and conditions of such site and such site’s privacy policy may be different from those applicable to your use of this site.

Choice of Law. Your continued use of this site constitutes your agreement to the terms and conditions contained above. Such agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws provisions. Sole and exclusive jurisdiction for any action or proceeding arising out of or related to this agreement shall be in an appropriate state or federal court in the County of New York, State of New York and the parties unconditionally waive their respective rights to a jury trial.

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Liberty or its affiliates to any registration requirement within such jurisdiction or country. Neither the information nor any opinion contained in this site constitutes a solicitation or offer by Liberty or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

Disclaimer of Warranty and Limitation of Liability. The information, products, and services on this site are provided on an “AS IS”, “WHERE IS” and “WHERE AVAILABLE” basis. Liberty Associates, Inc. does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Liberty 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.

Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Liberty cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Without limiting the foregoing, Liberty Assoicate, Inc. or none of its affiliates, directors, officers or employees, or any third party vendor will be responsible for, or have liability with respect to, any information or materials posted by others, including, without limitation, defamatory, offensive or illicit material, or any kind 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 of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Liberty or of any vendor providing software or services support.

In no event will Liberty Associates, Inc., 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 Liberty or any other party have been advised of the possibility thereof.

Proprietary Rights. All right, title and interest in this site and any content contained herein is the exclusive property of Liberty, except as otherwise stated. This site is for your personal and non-commercial use only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, frame, create derivative works from, transfer, or otherwise use in whole or in part any information, software, products or services obtained from this site, except for the purposes expressly provided herein, without Liberty’s prior written approval. If you download any information or software from this site, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.

Procedure for Making Claims of Copyright Infringement. Liberty and its affiliated companies respect the intellectual property of others and ask that our users and those posting content to this site do the same. It is Liberty’s policy to respond expeditiously to claims of intellectual property infringement by promptly processing and investigating notices of alleged infringement and taking appropriate actions under the Digital Millennium Copyright Act and other applicable intellectual property laws. If you believe that your copyrighted work is accessible on this site in a way that constitutes copyright infringement, you may notify us by providing our Copyright Agent with the following information:

the electronic or physical signature of the owner of the copyright or of the person authorized to act on the owner’s behalf;
identification of the copyrighted work or other intellectual property that you claim is being infringed;
identification of the material that you claim is infringing;
identification of the URL or other specific location on this site where the material that you claim is infringing is located (please be as specific as possible);
your name, address, telephone number, and email address;
a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and
a statement by you, made under penalty of perjury, that the information in your notice is accurate and that you are the copyright owner or are authorized to act on the copyright owner’s behalf.

Liberty Associates, Inc. Copyright Agent for notice of claims of copyright infringement on this site is Evan Azriliant, Esquire, Outside General Counsel, Liberty Asscociates, Inc., 501 5th Ave., 15th Floor, NY 10017. Please put “Notice of Alleged Infringement” in the subject line of all such notifications. Only copyright concerns will be answered at this address. To contact Liberty Associates, Inc. on other matters, please visit our libertyai.com’s “Contact Us” page.

Use of Links. This site may contain links to and be linked from third-party websites. These links are provided as a convenience. The inclusion of any link is not and does not imply an affiliation with or the sponsorship, endorsement, or approval of any third-party website or the content contained therein. Should you leave this site via a link contained herein, and view content that is not provided by Liberty Associates, Inc., you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by Liberty Associates, Inc. and we are not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. Liberty makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content. You should also be aware that the terms and conditions of such site and such site’s privacy policy may be different from those applicable to your use of this site.

Business Continuity Plan. Statement Concerning the Business Continuity Plan of Liberty Associates Inc. The following information pertains to Liberty’s business continuity plan. Liberty clears its securities business through RBC Correspondent Services, Inc. and RBC Correspondent Services, Inc. carries accounts and maintains assets of Liberty’s clients. RBC Correspondent Services, Inc. backs up important records for Liberty in a geographically separate area. While every emergency poses unique problems based on external factors, Liberty has been advised by RBC Correspondent Services, Inc. that its objective is to remain operational during different types of business disruptions. If RBC Correspondent Services, Inc. was unable to remain operational, it is possible that your orders and requests for funds and securities could be temporarily delayed during this period. RBC Correspondent Services, Inc. provides certain information about its business continuity plan separately.

Liberty has developed a flexible business continuity plan to accommodate different types of significant business disruptions. Liberty’s business continuity plan addresses the following elements: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with clients, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring that clients have prompt access to their funds and securities if the Firm is unable to continue a securities business.

Business disruptions, by their nature, can vary greatly in size, scope, and duration. Liberty has planned for three different “types” of business disruption, and these are as follows: a single building disruption, a localized disruption, and a regional disruption. It is the intent of Liberty to remain operational during business disruptions of all three types, and for an indefinite duration of time.

RBC Correspondent Services, Inc. would be able to execute securities transactions, process payments for securities transactions, and process requests for funds and securities.

If after a significant business disruption you cannot contact a Liberty representative as you customarily would, you should go to the Firm’s web site at libertyai.com. If you cannot reach the Firm via this means, you should contact RBC Correspondent Services, Inc. or at www.rbc.com for instructions on how you may execute securities transactions, remit payment for securities transactions, or request funds or securities.

Please note that Liberty’s business continuity plans are subject to modification. Changes will be available upon request and will also be posted on Liberty Associates’ website at libertyai.com.

Public Disclosures. Public Disclosure of Order Execution Information – SEC Rule 605 of Regulation NMS (formerly SEC Rule 11Ac1-5) – http://financialsystems.sungard.com/solutions/compliance-tax/protegent/protegent-trading-compliance/best-execution-order-routing

Public Disclosure of Order Routing Information – SEC Rule 606 of Regulation NMS (formerly SEC Rule 11Ac1-6) – http://financialsystems.sungard.com/solutions/compliance-tax/protegent/protegent-trading-compliance/best-execution-order-routing

Municipal Securities Rulemaking Board (MSRB) Investor Information. Liberty Associates Inc. is registered with the Municipal Securities Rulemaking Board (MSRB) and the U.S. Securities and Exchange Commission. The website address of MSRB is www.msrb.org. An investor brochure that describes the protections that may be provided by MSRB’s rules and how to file a complaint with appropriate regulatory authority can be found at MSRB’s website, at http://msrb.org/~/media/Files/Resources/MSRB-Investor-Brochure.ashx?la=en

MSRB Education Center. http://www.msrb.org/EducationCenter.aspx

RBC Correspondent Services, Inc. backs up important records for Liberty in a geographically separate area. While every emergency poses unique problems based on external factors, Liberty has been advised by RBC Correspondent Services, Inc. that its objective is to remain operational during different types of business disruptions. If RBC Correspondent Services, Inc. was unable to remain operational, it is possible that your orders and requests for funds and securities could be temporarily delayed during this period. RBC Correspondent Services, Inc. provides certain information about its business continuity plan separately.

In all types of business disruptions other than a wide-reaching regional disruption that affects New York City, plans exist for relocation to a backup facility of mission-critical persons and functions. It is believed that the only type of business disruption that could force Liberty to become non-operational would be a wide-reaching regional disruption as noted above. If such a wide-reaching regional disruption occurred, and it became impossible for Liberty to remain operational, it is expected that RBC Correspondent Services, Inc. would be able to execute securities transactions, process payments for securities transactions, and process requests for funds and securities.\r\n\r\nIf after a significant business disruption you cannot contact a Liberty representative as you customarily would, you should go to the Firm’s web site at libertyai.com. If you cannot reach the Firm via this means, you should contact RBC Correspondent Services, Inc. or at www.rbccorrespondentservices.com for instructions on how you may execute securities transactions, remit payment for securities transactions, or request funds or securities.

Please note that Liberty’s business continuity plans are subject to modification. Changes will be available upon request and will also be posted on Liberty Associates’ website at www.libertyai.com.

SIPC Coverage. Liberty Associates, Inc. is a member firm of the Securities Investor Protection Corporation (SIPC). Membership provides account protection up to a maximum of $500,000 per client, of which $250,000 may be claims for cash. For an explanatory brochure, please visit www.sipc.org. The account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments. This extensive coverage reflects a strong commitment to serving your investment needs.

Additionally, our clearing firm, RBC Correspondent Services, is a division of RBC Capital Markets, LLC. RBC Capital Markets, LLC, is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client’s account would be reimbursed by SIPC up to $250,000 (reducing the $500,000 above).RBC Capital Markets, LLC, has purchased an additional policy that offers coverage in excess of the protection provided by SIPC. This coverage covers additional securities and cash protection up to $99.5 million per client, of which $900,000 may be in cash. A $400 million aggregate limit applies to this additional coverage. RBC Capital Markets, LLC, also offers protection if a client’s securities are missing because of theft by an outsider, computer fraud or theft by an employee for personal gain. In such cases, the firm’s CAN$310 million Financial Institution Bond coverage would cover the client’s losses, subject to that policy’s terms, conditions and limits.

Important Disclosure Notation. Neither SIPC protection nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at www.sipc.org.