Form CRS | Reg BI
Boustead Securities, LLC (BSL) is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Brokerage and investment advisory services and fees differ and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
REGULATION BI Relationship Guide
As of November, 2023
We are providing this information on conflicts of interest, costs and fees, and other investment-related information. Statements in this document (provide additional information on topics discussed in our Form CRS, which is summary in nature and limited in substance and size by the U.S Securities and Exchange Commission (SEC). Information in this document is also subject to and intended to supplement, the separate disclosures, prospectuses, account forms, account agreements and, other materials that we provide to you when making recommendations over the course of our relationship with you.
Boustead Securities, LLC (BSL) is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority (FINRA). As a broker-dealer, BSL transacts business in various types of investment products including, certain Mutual Funds with which we have selling agreements (Onshore and Offshore Mutual Funds such as Equity Funds, Fixed Income Funds, and Balance Funds), U.S. Equities (listed companies on all U.S. exchanges, Nasdaq stocks, Bulletin Board stocks, and Pink Sheet stocks), Non-USD Equities, Fixed Income (U.S. Treasury bonds, notes, and bills; U.S. Government Sponsored Enterprise (GSE) securities; and U.S. Corporate Bonds), Options, and Exchange Traded Funds (ETFs).
BSL maintains a network of individuals, referred to as "financial professionals," who offer brokerage services. BSL's financial professionals are independent contractors. BSL financial professionals are located throughout the U.S. and may offer investment services under their own business name.
BSL is affiliated with entities including Boustead & Company Limited (BCL), Boustead Securities, LLC (BSL), Sutter Securities, Inc. (SSI), Sutter Securities Clearing, LLC (SSC or FlashFunders), and Sutter Securities Group, Inc. (SSG).
Some of the entities are separately registered, and all operate independently, however they are affiliated by ownership and control. At times, you may be referred to an affiliate, or an affiliate may refer you to BSL. You will be informed of the role(s) of the affiliate(s) at the time of a recommendation and other documents, such as prospectus or offering materials will also serve to provide you with information. But if you have any questions regarding the entity(ies) you are doing business with please contact your investment professional or our compliance team at 949-502-4408.
Throughout the document, we provide you with information that is designed to assist you in making sound investment decisions, and to help you consider reasonably available investment alternatives offered by BSL.
As a broker-dealer, we have conflicts of interest when we make a recommendation of a securities transaction or investment strategy involving securities, including that we are compensated based on the sale of securities to you.
We and our financial professionals are compensated directly by customers and indirectly from the investments made by customers. When you purchase an investment, we typically get paid an upfront commission or sales load at the time of the transaction and, in some cases, a deferred sales charge. If we are paid an upfront commission, it means that we are paid more if you make more transactions and/or the larger the transaction. When we are paid indirectly from the investments made by customers, we receive ongoing compensation, typically called a "trail" payment, for as long as you hold the investment. In addition, we receive compensation from the sponsors of some of the investment products that we offer. The amount we receive varies depending on the particular type of investment purchased. The compensation described in this disclosure summary represents the maximum gain or profit we receive on an investment, before deduction of our expenses. It is important that you read and consider other information, including prospectuses and transaction confirmations to ensure that you are fully apprised of the costs and fees associated with your investment.
Not all of the conflicts described in this disclosure summary apply to a particular financial professional, his or her services, or all the products we offer. When Regulation Best Interest applies, our financial professionals may be required to disclose additional information specific to them, such as limitations on the securities or investment strategies involving securities that they may recommend, differences in the investment approach they are recommending to you, and any conflicts of interest that may be unique to them. If that is the case, then your financial professional will disclose such additional information to you orally or in writing before or at the time they make the recommendation to which that additional information relates.
We also provide important information regarding our compensation below.
We supervise retail investors’ investments, including the frequency and any material limitations, but we do not provide a monitoring service.