Privacy Policy

Legent is committed to carefully guarding the personal information you entrust to us. The statements in this notice apply to our current, as well as, former customers.

Information We Collect

In the normal course of conducting business, we may collect personal information about you, such as name, address, social security number, income and similar personal information from:

• Information we receive from you or your Investment firm on applications or other forms;
• Information about your transactions with your Investment Firm or Legent;
• Information from our website (such as that provided through online forms, site visitor data and online information collecting devices, known as “cookies”);
• Information we request from consumer and credit reporting agencies

 

Information We Share With Third Parties

In the normal course of conducting business, we may share your personal information with selected third parties, such as brokers, mutual funds, insurance companies and other financial and consumer credit service providers depending on the types of account and product you maintain with us. The type of information we share could include your name, income, social security number and other identifying information you provide to us. We may also share information about your transactions with us, such as your payment history. We disclose personal information to companies that help us process transactions for your account, for example, in executing your trades at an exchange. Sometimes we enter into contracts with third parties so that they can assist us in servicing your account, for example, companies that print and mail your account statements and confirms. We may disclose or report personal information in limited circumstances where we believe in good faith that disclosure is required or permitted under law, for example, in cooperation with regulators or law enforcement authorities, in resolving consumer disputes, performing credit/authentication checks and for institutional risk control.

We do not share you personal information with third parties outside of what is required to service your account.

How We Protect Your Information

We restrict access to your personal information to only the employees of Legent and others who need to know the information to provide our financial services to you. We maintain physical, electronic and procedural safeguards in accordance with legal standards, established security standards and procedures to guard your personal information from unauthorized disclosure.

Investor Education and Protection

Under the Public Disclosure Program, the FINRA provides certain information regarding the disciplinary history of FINRA members and their associated persons in response to written inquiries, electronic inquiries or telephone inquiries via FINRA Regulation’s toll free telephone number 1-800-289-9999. 

Additional information, including a brochure describing the public disclosure program, may be obtained from the FINRA Regulation Website at www.FINRA.org. 

Legent Clearing LLC
Identity Theft Protection Plan (ITPP) Summary

Legent Clearing LLC (“Legent”) maintains an Identity Theft Prevention Plan (“ITPP”) that is intended to protect our Introducing Firms, end clients, and their accounts from identity theft and to comply with the FTC’s Red Flags Rule.  The ITPP addresses

1. identification of relevant identity theft Red Flags for our Firm,
2. detecting those Red Flags,
3. responding appropriately to any that are detected to prevent and mitigate identity theft, and
4. updating our ITPP periodically to reflect changes in risks.

To identify relevant identity theft Red Flags, our Firm assessed these risk factors:

1. the types of covered accounts offered by our Introducing Firms,
2. the methods provided to open or access these accounts, and
3. previous experience with identity theft. 

Our Firm also considered the sources of Red Flags, including identity theft incidents our Firm has experienced, changing identity theft techniques our Firm has been made aware of, and applicable supervisory guidance.

In addition to developing responses to Red Flags once they are identified, our Firm has also taken proactive measures to mitigate the likelihood of identity theft. Some of those proactive measures may include, but are not necessarily limited to, the following:

• Securing front-end system access,
• Physical and logical access controls,
• On-site shredding services, and
• Disposal of decommissioned electronic media.

Additional preventative measures are planned for implementation in the coming weeks.

The Legent ITPP also provides for ongoing associate training, and oversight of vendors who may receive confidential information.

The Legent ITPP is subject to continual change as we assess the ongoing needs of our clients and changing business environment in which we operate. The Legent ITPP is periodically reviewed by Management.

Questions regarding the Legent ITPP may be directed to our Customer Data Protection team at cdp@legentclearing.com