connection with providing financial services to you, our clients,
it is necessary for Oppenheimer & Co. Inc. ("Oppenheimer")
to collect items of nonpublic, personal information ("personal
information") about you. Oppenheimer knows the importance
of maintaining the privacy and confidentiality of your personal
information. This Policy addresses Oppenheimer's treatment
of client personal information and answers the questions most
clients have regarding such treatment.
TYPES OF PERSONAL INFORMATION DO WE COLLECT/MAINTAIN AND FROM
WHERE DO WE COLLECT IT?
opening your account, Oppenheimer will collect information
about you such as your name, age, address, citizenship,
marital status, phone numbers, e-mail address and Social Security/Taxpayer
Identification Number. Additionally, Oppenheimer collects
background information, information concerning your creditworthiness
and your credit history from consumer reporting agencies and
other outside vendors when opening your account. Furthermore,
in order to provide you with services and products best suited
to your financial needs, Oppenheimer will collect information
such as income sources, assets, financial/investment goals/objectives,
and investment experience from you.
collects much of your personal information directly from you.
This is via your new account application, other documents
that you may be asked to submit from time to time and through
correspondence such as telephone calls or electronic mail.
We also collect certain personal information (background
information and credit history) from outside sources,
including third party vendors who perform background checks
and verify identities and consumer reporting agencies. Lastly,
Oppenheimer collects/compiles information from your account
records, such as what investments you hold, the transactions
taking place in your account and your account balances.
IS YOUR PERSONAL INFORMATION UTILIZED?
uses your personal information in a variety of ways in connection
with providing you with services to meet your financial goals
and needs. As already stated, we use your information to establish
your account here. Federal laws and regulations including,
the Patriot Act, require financial institutions, like
Oppenheimer, to obtain and maintain certain information about
their clients. In addition, your financial advisor will use
this personal information for investment purposes, to help
you with your overall investment program and to communicate
with you about products or investments that you have expressed
an interest in or that they believe may be of interest to
time to time, in the course of providing these services, Oppenheimer
may share your personal information with nonaffiliated parties.
Among the nonaffiliated third parties we may share your information
with are: service providers that we use to generate statements
or reports on your accounts, vendors who verify your creditworthiness
or identity, companies we use to process transactions in your
account, companies that provide marketing services for us
and entities that provide legal or consulting services to
Oppenheimer. Furthermore, Oppenheimer may enter into joint
marketing agreements with nonaffiliated third parties. Please
note that, in these cases, Oppenheimer only shares your personal
information with nonaffiliated third parties after entering
into a contractual relationship that: (1) limits the nonaffiliated
third party from using your personal information for any purpose
other than the purpose Oppenheimer intended and (2) requires
the nonaffiliated party to keep your personal information
Oppenheimer may also share your personal information to nonaffiliated
third parties where permitted by law.
your personal information like your creditworthiness may be
shared with companies that are affiliated with Oppenheimer
in connection with marketing of their products or services.
certain cases you may "opt out," of information sharing. Please
see the section entitled OPTING OUT OF INFORMATION SHARING
to learn when and how you can instruct Oppenheimer not to
share your personal information.
DO WE PROTECT YOUR PERSONAL INFORMATION?
has procedural, physical and technological safeguards that
protect against loss or unauthorized disclosure of your personal
Oppenheimer employees are bound by, and held accountable
to, a code of conduct and policies regarding confidentiality
and the treatment of client information. Furthermore, only
those Oppenheimer employees who require access to your personal
information in order to provide customary services (investment,
administrative, legal) to your account are granted access
to your personal information.
Oppenheimer has policies that require our employees to store
and destroy documents containing your personally identifiable
information in accordance with federal guidelines.
Oppenheimer uses methods such as encrypting files, locking
down access to client information to prevent removal from
the firm and masking of data on computer screens to protect
your personal information.
previously mentioned, before Oppenheimer shares your personal
information with a nonaffiliated third party (other than for
legal or regulatory purposes), we require that party to enter
into a contractual agreement that limits the use of your personal
information and requires that party to maintain the confidentiality
of your personal information.
should your relationship with Oppenheimer end, your personal
information will remain protected in accordance with our privacy
practices as outlined in this Policy.
OUT OF SHARING YOUR INFORMATION
reserves the right to disclose or share your personal information
with the above-described nonaffiliated third parties, for
the above-described purposes as permitted by applicable federal
laws and regulations.
may, however, instruct Oppenheimer not to share information
with our affiliated companies about your creditworthiness
or for marketing purposes, for purposes other than servicing
or maintaining your account, as described above. Below is
a description of how you may opt out of that information sharing.
may also opt out of information sharing with nonaffiliated
parties except in those circumstances described above. Below
is a description of how you may opt out of that information
your convenience, Oppenheimer provides several methods
for you to opt out of sharing your information in the
above circumstances and as permitted by law. You may:
Contact the Financial Advisor who services your account and provide him or her with written instructions to add your name to Oppenheimer's "Opt Out" list; or
Send an email to us at: email@example.com
with your name and account number requesting that your name
be added to Oppenheimer's "Opt Out" list;
Policy may change from time to time to reflect changes in
our practices and in regulations concerning the collection
and use of personal information. Oppenheimer customers will
receive notification of any revisions or changes to this policy.
If you have any questions or would like more information,
please do not hesitate to contact your Financial Advisor.