Colliers Securities | Disclosures

General Disclosure

Colliers Securities LLC, Colliers Mortgage LLC, Colliers Funding LLC, Colliers Insurance Agency LLC and/or any affiliates (“Colliers”) prepared the information accessible herein. By accessing this information, you agree to the following.

The information contained herein has been compiled from sources believed but not guaranteed to be accurate, reliable or purported to be complete. The information on this site is not intended to be used as the primary basis of investment decisions. It is for informational purposes only and is not a representation by us or an offer or a solicitation of an offer to sell or buy any security. Any opinions or estimates expressed are statements of judgment on this date and are subject to future change without notice as is other information.

The materials provided belong to Colliers. They may not be copied, reproduced, republished, uploaded, posted, altered, transmitted or distributed in any way, without the prior written permission of Colliers. Clients of Colliers may print, download or display one copy of each report herein solely for their personal, noncommercial use provided that the reports are kept intact and include all notes, disclosures and copyright notices. Materials may not be modified or used for any other purposes without the prior written consent of Colliers. Colliers reserves the right, at its discretion to change, delete and update portions of this website at any time.

Colliers is not a bank or a credit union, and the products & services Colliers offers are not insured by the FDIC.

Any quotations provided through this website may be delayed and may not reflect the prices at which the security may actually be bought or sold. You should not make any decisions to buy or sell securities based on such quotations.

Because of individual requirements and risk (i.e. credit, liquidity, market, volatility) involved with securities, securities mentioned herein should not be construed as suitable for all accounts. Any securities mentioned or perceived recommendations made herein are intended for investors who are aware of, financially able to bear and suited to the inherent risks involved. Both the general sense and suitability for individual acquisition or sale of any security should be a matter of discussion between an investment executive and client before any transactions occur. Colliers does not give legal or tax advice. Any reference to tax information, such as AMT, may not be applicable to all clients given different client tax statuses. You should consult your own tax advisor regarding the tax consequences of a specific transaction.

Income from investments may fluctuate. The price or value of the investments, to which the research or other information relates, either directly or indirectly, may fall or rise against the interest of investors. Any prices included herein are indicative only and may vary significantly from prices available from other sources. An indicative price of a transaction/security/instrument may differ substantially from an actionable value. Indicative price and availability are subject to change without notice.

The information or opinions provided by third parties via links from this websites are beyond Collier’s control. Therefore, they are believed to be reliable, but accuracy and completeness cannot be guaranteed.

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

What this means for you: When you open an account, we will ask for your name address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

Materials in the site may not be appropriate for or available in all jurisdictions.

Related to Colliers Mortgage LLC and Colliers Funding LLC, California loans will be made or arranged pursuant to Department of Corporations California Finance Lenders Law license.

Additional information is available upon request.

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Colliers Securities Privacy Policy

REV June 2020

FACTS   WHAT DOES Colliers Securities LLC
DO WITH YOUR PERSONAL INFORMATION?
Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and personal contact information, such as address, phone number, etc.
  • Assets and Income
  • Account balances and transaction history
When you are no longer our customer, we continue to share your information as described in this notice.
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Colliers Securities LLC, (hereinafter referred to as Colliers) chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does
Colliers share?
Can you limit this sharing?
For our everyday business purposes—
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
Yes No
For our marketing purposes—
to offer our products and services to you
Yes No
For joint marketing with other financial companies No We don't share
For our affiliates’ everyday business purposes—
information about your transactions and experiences
Yes No
For our affiliates’ everyday business purposes—
information about your creditworthiness
No We don't share
For our affiliates to market to you Yes Yes
For non-affiliates to market to you No We don't share
To limit our
sharing
Send an email to FinancialSolutions@Colliers.com or write us at Colliers Securities LLC, Attention: Privacy, 90 South 7th Street, Suite 4300, Minneapolis, MN 55402. Indicate what you wish to opt out of.
Questions? Call 1-800-328-4000 or go to https://www2.colliers.com/en/Services/Colliers-Securities
Who we are
Who is providing this notice? Colliers Securities LLC
What we do
How does Colliers protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Colliers collect my personal information? We collect your personal information, for example, when you

  • Open an account or direct us to buy/sell your securities
  • Provide account information or give us your contact information
  • Tell us about your investment portfolio
We also collect your personal information from others, such as background check companies, affiliates, or other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only

  • Sharing for affiliates’ everyday business purposes—information about your creditworthiness
  • Affiliates from using your information to market to you
  • Sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Colliers affiliates include companies Colliers Insurance Agency LLC, Colliers Funding LLC and Colliers Mortgage LLC.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • Collies does not share with non-affiliates so they can market to you.
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Colliers does not jointly market.

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California Consumer Privacy Act

CCPA   California Consumer Privacy Act (”CCPA”)Privacy Notice
Addendum for California Residents
California Resident’s Right The California Consumer Privacy Act (“CCPA”) provides rights for California residents to receive information from Colliers Securities LLC (hereinafter referred to as Colliers) information we collect and use about you. This CCPA Privacy Notice addendum also provides information to California residents about what information you can obtain from Colliers. For the full Colliers Privacy Pledge, please go to: https://www2.colliers.com
Right to know what is collected? The types of personal information we collect and share depend on the product or service you have with us. This information may include but not limited to:

  • Social Security number and personal contact information, such as address, phone number, etc.
  • Financial Information, such as risk tolerance, finance goals or Assets and Income
  • Personal data (e.g., age, marital status or employment status)
  • Professional Data (e.g., occupations, employers or work history)
  • Account balances and transaction history
Right to Request Information Regarding Personal Information Collected and Disclosed At your request, Colliers will provide a report regarding the information collected, used disclosed and/or Sold* to others in the prior 12 months about you. This will include:

  • Personal information we have collected about you;
  • Personal information we have about you;
  • Sources from which personal information is collected;
  • Reason for collecting or sharing personal information;
  • Identification of third-parties with whom Colliers shares your personal information

*Colliers does not sell personal information it collects from clients or prospects.
Right to Request Deletion of Personal information You may request that Colliers delete personal information it has collected and/or maintains about you. In order for us to delete such information, you need to follow the instructions provided below for submitting a Request to delete your personal information. Upon receipt of a request, (as long as we have no obligation or right to keep your personal information despite your right to request deletion), Colliers will have you confirm your previously submitted request to delete your information, as required by law. Once confirmed, we will start the process of deleting your personal information and we will also instruct all of our service providers or Affiliates that maintain your personal information on our behalf to also delete your personal information from their records.
How to Submit Request for Information Collected, Disclosed or for Deletion To request that we delete such information, you need to send an email to: FinancialSolutions@Colliers.com
or write us at:
Colliers Securities LLC
Attention: California Privacy Inquiry
90 South 7th Street, Suite 4300
Minneapolis, MN 55402.

When requesting personal information collected, disclosed or to delete, you must include ALL of the following information:

  1. First and Last Name
  2. Mailing address (street, city, state and zip code)
  3. Email address
  4. Phone number
  5. Customer or Account Number
Upon receipt of your request, Colliers must verify the request. Colliers will acknowledge our receipt of your request within 10 days, and we have forty-five days to respond to you or request that you confirm your request to delete information we hold. If reasonably necessary to respond to your request, Colliers may extend the deadline for our response to you by an additional 30 days, and if we chose to do so, we will notify you.
California Resident's Rights    
Right to know Colliers’s Sale of Your Personal Information Colliers does not sell personal information it collects from clients or prospects.
Right to Opt-Out of Sale of Personal information While Colliers does not sell client’s personal information to others, you have the right to direct businesses that does sell your personal information to stop selling your personal information and to refrain from doing so in the future.
Right to Non-Discrimination Colliers shall not discriminate against you by altering the price of any of its products or services because you chose to exercise any of your rights under the CCPA.

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Trading Disclosures

SEC Rule 605 - Order Execution

Colliers Securities LLC has engaged the services of a vendor to compile and save the required information. Click here to view this information.

SEC Rule 606 - Order Handling Practices

Colliers Securities LLC has engaged the services of a vendor to compile and save the required information. Click here to view this information.

Order routing information is available upon request. All institutional equity orders routed to Colliers Securities LLC are not held orders, unless requested otherwise.

We are a fully disclosed broker dealer and intend to route all covered orders (by definition of SEC Rule 605) to our clearing broker for execution of further routing to an executing market center. Our objective is to obtain best execution for our clients and we regularly and rigorously evaluate the execution received.

Colliers Securities does not seek or accept remuneration for directing orders to designated broker/dealers or third party market execution centers.

FINRA Rule 2265 -Model Extended Hours Trading Risk Disclosure Statement

You should consider the following points before engaging in extended hours trading. "Extended hours trading" means trading outside of "regular trading hours." "Regular trading hours" generally means the time between 9:30 a.m. and 4:00 p.m. Eastern Standard Time.

  • Risk of Lower Liquidity. Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular trading hours. As a result, your order may only be partially executed, or not at all.
  • Risk of Higher Volatility. Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular trading hours. As a result, your order may only be partially executed, or not at all, or you may receive an inferior price when engaging in extended hours trading than you would during regular trading hours.
  • Risk of Changing Prices. The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular trading hours, or upon the opening the next morning. As a result, you may receive an inferior price when engaging in extended hours trading than you would during regular trading hours.
  • Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
  • Risk of News Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Similarly, important financial information is frequently announced outside of regular trading hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
  • Risk of Wider Spreads. The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.

 

FINRA Rule 5270 – Front Running of Block Transactions

Colliers Securities LLC and its trade routing destinations may trade principally at prices that would satisfy your block trading order when the principal trades are unrelated to your block order. When the principal trades are not unrelated, we or our trade routing destinations may trade principally ahead of, or alongside, your block order for the purpose of fulfilling, or facilitating the execution of, your order. For these orders you may instruct us that you do not wish us or our trade routing destinations to trade principally ahead of, or alongside, your order. However, such instruction will limit the range of execution alternatives that we are able to offer.

A copy of Rule 5270 can be obtained at http://www.finra.org/. Please contact your Colliers Securities LLC representative if you require more information regarding how your block orders are handled.

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Payment of Order Flow

The Securities and Exchange Commission requires that broker/dealers annually disclose to their customers information regarding payment for order flow. Colliers Securities LLC does not seek or accept remuneration for directing orders to designated broker/dealers or third party market execution centers. If you have any questions or would like additional information, contact your investment executive.

We provide access to broker/dealers or third party market execution centers that based on experience combine price, speed and size to achieve what we believe are best executions. Our objective is to obtain the best possible executions under prevailing market conditions for our clients.

Information regarding our order handling is available by request or through our website https://www2.colliers.com/en/Services/Colliers-Securities. All institutional equity orders routed to Colliers Securities LLC are accepted as “not held” orders, unless requested otherwise. Thank you for the opportunity to serve you.

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