Capstone Investments

Disclosure for BDs

The NASD Regulation Public Disclosure Program is governed by federal law, Securities and Exchange Commission (SEC) regulations and NASD rules approved by the SEC. State Securities regulators also will provide information on brokers and securities firms to the general public. These State programs are governed by State laws and regulations which differ from the laws, regulations and rules governing the NASD Regulation Public Disclosure Program. Capstone Investments is a member of the National Association of Securities Dealers (NASD), the Securities Investor Protection Corporation (SIPC) and the Municipal Securities Rulemaking Board (MSRB). For a list of State securities regulators click here.

NASD Regulation believes its Public Disclosure Program is an important investor protection service, a view shared by Congress, the Securities and Exchange Commission (SEC), and the North American Securities Administrators Association (NASAA).

Disclosure for RIAs

Each Investment Adviser (IA) firm is regulated by either the Securities and Exchange Commission (SEC) or by state regulators. The SEC regulates IA firms with more than $25 million in assets under management (and certain other IA firms that meet other statutory criteria). IA firms regulated by the SEC must submit their required registration forms (Form ADV) to the SEC via the Investment Adviser Registration Depository (IARD). Some state-regulated IA firms also submit their registration forms (also on Form ADV) through the IARD. You can search the SEC's Investment Adviser Public Disclosure Web Site at www.advisorinfo.sec.gov for information about the IA firms it regulates and the state-regulated IA firms that have submitted Form ADV’s, including the information that the IA firm submitted on its Form ADV.

State of California Required Disclosure:

"A broker/dealer, investment advisor, BD agent or IA rep may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are excluded or exempted from the state's broker/dealer, investment adviser, or BD agent or IA rep requirements, as the case may be; and follow-up, individualized responses to consumers in a particular state by broker/dealer, investment adviser, BD agent or IA rep that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's broker/dealer, investment adviser, BD agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker/dealer, investment adviser, BD agent or IA rep, a consumer should contact his or her state securities law administrator."

Order Routing Disclosure

Capstone Investments, as introducing broker/dealer, routes the orders of its retail customers through First Allied Securities, Inc., a registered broker/dealer, and for its institutional clients through Wedbush Securities, a clearing firm and registered broker/dealer.  For routing of FASI orders, please continue by clicking the link, http://asplegacy.tagaudit.com/r6viewpub_v2.asp?user=fast.  For routing of Wedbush orders, please continue by clicking the link, https://www.mysecuritiesaccount.com/inside/orderRouting/nyse.asp. 

Website "Links" Disclosure

At certain places on our website we offer direct access or ‘links’ to other internet websites. These sites contain information that has been created, published, maintained or otherwise posted by institutions or organizations independent of Capstone Investments. Capstone Investments does not endorse, approve, certify or control these websites and does not assume responsibility for the accuracy, completeness or timeliness of the information located there. Visitors to these websites should not use or rely on the information contained therein until consulting with a finance professional. Capstone Investments does not necessarily endorse or recommend any commercial product or service described at these websites.