Important Information You Need to Know About Opening a New Account

To help the U. S. government fight the funding of terrorism and money laundering activities, Federal Law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account.

This Notice answers some questions about Griswold's Customer Identification Program.

 

What types of information will I need to provide?

When you open an account, your Griswold salesperson is required to collect information such as the following:

You may also need to show your driver’s license or other identifying documents.

A corporation, partnership, trust or other legal entity may need to provide information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement, or a full copy of a trust agreement.

U.S. department of the Treasury, Securities and Exchange Commission, FINRA, and the New York Stock Exchange rules already require you to provide most of this information. These rules also may require you to provide additional information, such as your net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.

 

What happens if I don’t provide the information requested or my identity can’t be verified?

Griswold may not be able to open an account or carry out transactions for you. If Griswold has already opened an account for you, they may have to close it.

We thank you for your patience and hope that you will support the financial industry’s efforts to deny terrorists and money launderers access to America’s financial system.

Approved by Jeffrey K. Galvani
Chief Compliance Officer

 

 

Jeffrey K. Galvani

CCO / Director of Operations / R.O.S.F.P.

The Griswold Company Inc.

Phone: 212.509.2100

Direct: 212.509.5238

Fax: 212.509.5292

AOL IM: Grisjeff

Email: jgalvani@griswoldco.com