Account Protection

Guzman & Company accounts are carried with National Financial Services, LLC (NFS), courtesy of a tri-party brokerage agreement with Leigh Baldwin & Company as introducing broker to NFS, and Guzman & Company as correspondent broker to Leigh Baldwin. Guzman & Company accounts held at NFS are protected up to the full net equity value of the securities in the account at no additional cost to the client.

Client accounts are protected with a combination of SIPC coverage and private insurance. The Securities Investor Protection Corporation ("SIPC") provides up to $500,000 to protect the securities per customer, in each separate account capacity, with a limit of $100,000 for claims of cash balances. In addition NFS has obtained coverage, subject to certain conditions contained in the binder or bond (as applicable) in effect at the time of loss, for total net equity of customer securities and cash, in excess of that provided by SIPC.

This coverage applies only to customer assets in Guzman & Company accounts held at NFS that are eligible for SIPC protection. Relevant provisions of the Securities Investor Protection Act ("SIPA") govern SIPC and coverage in excess of SIPC. In particular, protection is reduced by the value of any customer indebtedness to the clearing broker (debit balance) or securities owed by the customer to the Clearing Broker. In addition, claims for losses due to poor advice given by representatives, failure to execute client instructions and most claims involving unauthorized trading are not components of a protected customer claim under SIPA or the excess of SIPC insurance policy. Neither SIPC nor the coverage in excess of SIPC protects against a decline in the market value of securities.