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Section 352 of the USA PATRIOT ACT amended the BSA to require financial institutions, including broker-dealers, to establish AML programs. In compliance with the USA PATRIOT Act and other applicable regulations, BCM is required to obtain, verify, and record information that identifies each customer who opens an account, including DVP accounts.
To comply, BCM will ask for documentation necessary to fully indefinitely its customers. As appropriate, we may, in our discretion, ask for additional documentation or information. If all required documentation or information is not provided, BCM may be unable to open an account or establish a relationship with you. As with all information provided to BCM, information collected in order to verify customer identification is covered by the BCM Privacy Policy.
 

This site may contain links to and be linked from affiliates or third party websites. BCM is not responsible for the content of the these links, as these affiliate or third party sites (including any links provided by the affiliate or third party) are not under the control of BCM. BCM 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.

All information, documents, products, software, services, and other materials (the “Materials”) provided on this Site, unless explicated stated, are the property and copyrighted work of BCM and is protected by applicable copyright, patent, trademark or other intellectual property laws. 
Except as expressly authorized herein, you may not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate, or commercially exploit such Materials provided in any manner (including electronic, print or other media now known or hereafter developed) without the written consent of BCM. 
You also agree not to use the Information for any unlawful purpose, and you shall comply with any request of BCM or any of the third party providers to protect their respective rights in the Information.
BCM reserves the right to prohibit access to anyone whom we determine are violating these Terms of Use, restricting or inhibiting any other user from using or enjoying the Site, or whose conduct we reasonably determine may constitute any unlawful purpose.

BCM, its affiliates, and third party providers are not responsible for any errors or omissions in the information, products, and services contained on or accessed through this site. All such information, products, and services on this site are provided on an “AS IS”, “WHERE IS”, and “WHERE AVAILABLE” basis. 
Likewise, BCM is not responsible for any errors or omissions in the information, or any products or services, contained on, offered, accessed, or received through any third party site which either may be accessed through a link on this Site, or which allowed you to access this Site through a link on such third party site.
BCM, its affiliates, and third party providers make no warranties or representations and disclaim all express, implied and statutory warranties of any kind to the user and any third party, including, but not limited to, any warranties of accuracy, timeliness, completeness, merchantability, non-infringement and fitness for any particular purpose.
BCM 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. 
In addition to and without limiting the foregoing, BCM makes no representation and assumes no liability regarding the quality, safety, accuracy, or suitability of any information or software found on any other site not under BCM’s control. 
Availability of data, products, and services are subject to change without notice. 
BCM’s entire liability and your exclusive remedy for any dispute or claim related to these terms of use, the site, any services, or the privacy policy is your cessation of the use of this site and any and all services. As some jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, in such jurisdictions liability is limited to the fullest extent permitted by law. BCM cannot and will not assume any liability for unauthorized or fraudulent use of this site and any products or services.

BCM makes a Public Disclosure of Order Routing Information – SEC Rule 606 of Regulation NMS (formerly SEC Rule 11Ac1-6). This information is available through TAG by going to following site and selecting “BERENBERG CAPITAL MARKETS, LLC -- bcmx”: 
https://private.tagaudit.com/do/display?page=Rule606::Report::Public
 

BCM understands that its relation with customers is based on trust. This is reflected in everything BCM does, including the way its handles its customer’s nonpublic information. The following disclosure explains what information BCM collects, what is done with the information, and what steps have been put into practice to protect disclosed nonpublic information. 
Customer information requested by BCM may include nonpublic information received on application or other forms, details of transactions or proposed dealings between the customer and BCM, and information received from reporting agencies. 
Customer information may be disclosed to affiliated companies and third parties where disclosure is necessary to facilitate transactions, such as BCM’s clearing firm, Goldman Sachs & Co. BCM may be required to disclose nonpublic information concerning customers to a law enforcement agency, federal or state regulatory agency, or self-regulatory organization, or if required to do so by a court order, judicial subpoena, or regulatory inquiry.  Otherwise, BCM does not disclose any other customer nonpublic information to nonaffiliated third parties. 
BCM does not disclose nonpublic information about former customers to anyone, except affiliated companies, unless required to do so by a court order, judicial subpoena, or regulatory inquiry. 
BCM protects customer nonpublic information from unauthorized access by maintaining physical, electronic, and procedural safeguards that comply with industry standards. Access is limited to those employees who are trained in the proper handling of nonpublic customer information and who need access to the information to perform their job functions. 
For any questions about BCM’s Privacy Policy, please contact compliance@berenberg-us.com or contact BCM directly at 646 445 7200.

Material provided on this website is intended for Institutional Investors only (as defined in FINRA Rule 4512(c)). It is not intended for retail investor use, nor is it intended to provide tax, legal, or investment advice. Securities or financial instruments mentioned in this website may not be suitable or appropriate for all investors or in all geographical areas. BCM believes the information contained to be reliable, but does not warrant its completeness or accuracy and assumes no duty to update.

Berenberg Capital Markets, LLC (“BCM”) is a broker dealer registered with FINRA and the SEC (CRD # 156757 / SEC # 68821).  BCM is an indirect, subsidiary of Joh. Berenberg Gossler & Co. KG (“Berenberg”) with its principle office in Hamburg, Germany. Berenberg is authorized and regulated by the German Federal Financial Supervisory Authority (BaFin). BCM relies on the “International Dealer” exemption from registration in Canada for trading activities with Canadian clients and maintains the requisite registrations with the Alberta Securities Commission (www.albertasecurities.com), the Manitoba Securities Commission (www.mbsecurities.ca), the Ontario Securities Commission (www.osc.gov.on.ca) and the Autorité Des Marches Financiers of Quebec (www.lautorite.qc.ca). Regarding Canadian recipients, the information contained herein is intended exclusively for “permitted clients”, as such term is defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, residing within the Canadian provinces of Alberta, Manitoba, Ontario & Quebec.
No information contained on this site constitutes a solicitation by BCM with respect to the purchase or sale of any security, commodity or financial instrument. This site has been prepared by BCM from sources which are believed to be reliable, however BCM does not claim accuracy, completeness, timeliness, suitability or otherwise regarding securities, stock markets or developments referred to on it. Trading of any securities discussed herein may involve a high degree of risk, the price and value of which may fluctuate depending on market developments and liquidity. Past performance is not a guide to future performance, future returns are not guaranteed and loss of capital or income may occur at any time. On no account should information contained on this site be regarded as a substitute for the intended recipient procuring his/her own additional information or exercising their own judgements including, but not limited to independent professional advice regarding tax, legal, accounting or credit aspects of the topics referred to herein. BCM is not responsible for any intended recipient(s) use of this information, nor does BCM represent a fiduciary of the intended recipient. This site may include certain descriptions, statements, estimates and conclusions underlying potential market development and company developments. These reflect assumptions, which may turn out to be incorrect. BCM nor any of its employees and/or affiliates accept no warranty or liability (express or implied) whatsoever for any direct or consequential loss or damages of any kind arising out of the use of this site or any part of its content. BCM or its affiliate(s) may engage in equity capital markets activity for any securities mentioned on this site, derivatives or related financial products or seek to perform capital or underwriting services. This material is not to be reproduced or retransmitted to any person, in whole or in part, without the written consent of BCM.  Any unauthorized use of this material is prohibited.   
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