Lightspeed Trading ("Lightspeed") is registered with the both the SEC and CFTC as an Introducing Broker/Dealer ("IB"). Lightspeed is a member of the National Association of Securities Dealers ("NASD") and National Futures Association ("NFA"). As an IB, Lightspeed does not have the authority to hold customer funds. To fulfill its obligations to you, Lightspeed provides the following policies and disclosures that inform you of both your rights and obligations in addition to Lightspeed’s duties as required by the above referenced regulatory bodies.
Anti-Money Laundering Policy
As a registered IB, Lightspeed responsibilities include proper anti-money laundering procedures. Lightspeed has developed anti-money laundering policies to ensure that company personnel comply with applicable laws and regulations when providing security and financial transaction services to clients.
Lightspeed is subject to the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 and regulations based on that legislation. The company's anti-money laundering policies and procedures are designed to meet the requirements of the legislation by minimizing the opportunity for customers to engage in money laundering activities through transactions in the numerous financial markets. Lightspeed's procedures are focused on “knowing the customer”. We require two forms of identification: 1) Picture identification, i.e. a passport or driver's license, and 2) One form of identification confirming the customer's address, i.e. phone bill or a utility bill.
Business Continuity Plan/Disaster Recovery Plan
As a registered IB, Lightspeed responsibilities include proper Business Continuity Plan/Disaster Recovery Plan. Lightspeed has this policy to ensure that company and company personnel comply with applicable laws and regulations when providing security and financial transaction services to clients. For the statement of this plan, click here.
Regulatory and Trading Disclosures
Lightspeed is required to provide you with the following disclosures. These disclosures are also located on your account signup application for the applicable product.
· Margin Disclosure
· Options Disclosure
· Day Trading Disclosure
· Futures, Options, FX Disclosure