Privacy Policy

Pursuant to Title V of the Gramm-Leach-Bliley Act and United States Securities and Exchange Commission (“SEC”) Regulation S-P (17 CFR 248.1 -- 248.30), this document sets forth the Privacy Policy of Southeast Investments, N.C., Inc. (“SEIN”) concerning the privacy interests of individual consumers and customers (described below and hereinafter referred to as (“customers”) of financial services. SEIN is a North Carolina corporation with its principal office in Charlotte, NC. SEIN is a securities broker dealer registered with the SEC. Among its other securities-related memberships and associates, SEIN is a member of The Financial Industry Regulatory Authority (“FINRA”).

SEIN’s principal business is to act as a securities broker in accordance with all laws, rules and regulations applicable to securities firms and the business conducted by securities firms. As a securities firm, SEIN’s principal business is to provide financial services to individuals and companies.

In its capacity as a securities firm, SEIN receives and/or comes into contact with certain nonpublic personal information concerning its current and/or former customers including, but not limited to, securities account(s) that said customers open and/or maintain with SEIN. Any and all such nonpublic personal information related to such customers and/or such customers’ securities account(s) is hereinafter referred to as “nonpublic personal information.” SEIN receives and/or comes into contact with the nonpublic personal information only for purposes of conducting its business as described above. For convenience herein, “you” or “your” refers to any and all customer(s) described above.

NO SALE OF YOUR NONPUBLIC PERSONAL INFORMATION

SEIN DOES NOT SELL YOUR NONPUBLIC PERSONAL INFORMATION.

NONPUBLIC PERSONAL INFORMATION COLLECTED.

In conducting its business as described above, SEIN collects (or may collect), for example, the following types of nonpublic personal information:

A.   Information from you: (1) information you provide in connection with any securities account, margin loan, debit card or any other financial product or service, whether in writing, in person, by telephone, electronically or by any other means, such as your name, address, social security number, tax ID number, assets, income, investment objectives, financial situation and debt: and (2) information SEIN obtains (or may obtain) for the purpose of tax reporting to you and to various agencies to which SEIN reports as required by law, including disclosures on various Internal Revenue Service (“IRS”) forms that SEIN collects for tax reporting purposes.

 

B.   Information about your securities and/or other transactions: (1) information SEIN collects and relates to account balance, payment history, trading activity and any other transactions; (2) information SEIN collects as part of servicing your account(s); and (3) information SEIN collects through and Internet “cookie” (an information collecting device from a web server).

 

C.  Information about your transactions with nonaffiliated third parties: (1) information from nonaffiliated third parties pursuant to law, rules, regulations, standard securities Industry practice and/or legal process, including information and/or documents received, shared, produced or provided in connection with a subpoena, discovery request or other legal process compelling production; and (2) information from nonaffiliated third parties related to servicing your account for purposes of providing securities services.

 

D.  Information from a consumer-reporting agency: (1) information from a consumer reporting agency regarding your creditworthiness or credit history or other information with regards to margin lending or other financial transactions; (2) information from other outside sources regarding their employment of, credit to or other relationship with you, or verifying representations made by you, such as your employment history, loan or credit card balances.

NONPUBLIC PERSONAL INFORMATION DISCLOSED TO AFFILIATES AND NONAFFILIATED THIRD PARTIES.

SEIN discloses to affiliates and nonaffiliated third parties nonpublic personal information only in connection with SEIN providing, securities service. Such disclosures include, among other things, information related to transactions, settlement, billing, payment, processing, clearing, transferring, reconciling, collection and tax reporting. Such disclosures may be provided to affiliates and nonaffiliated third parties: (I) as required or necessary to carry out fully and properly the securities business conducted by SEIN (such as, for example, disclosures to affiliated and nonaffiliated third party service providers supplying to SEIN computer related document processing and delivery, and data maintenance or processing services, and disclosures to nonaffiliated third parties such as securities clearing agencies and entities); (ii) as required by law or legal process; or (iii) with your consent.

FORMER CUSTOMERS

SEIN will disclose nonpublic personal information about the former customers of SEIN only as permitted and/or required by law or legal process, or with your consent.

CONFIDENTIALITY AND SECURITY OF NONPUBLIC PERSONAL INFORMATION.

SEIN is committed to implementing and maintaining commercially reasonable and appropriate measures to maintain your nonpublic personal information in a secure and confidential fashion. SEIN’s information and security procedures include, but are not limited to, the following features:

  • Access controls on customer information systems, including controls to authenticate and permit access only to authorized individuals and controls to prevent SEIN employees from providing nonpublic personal information to unauthorized individuals who may seek to obtain this information through fraudulent means.

  • Physical access restrictions at locations containing nonpublic personal information, such as buildings, computer facilities and record storage facilities after business hours to restrict access to unauthorized individuals. Encryption, where appropriate, of electronic customer nonpublic personal information.

  • Stringent pre-employment screening, including fingerprinting, and segregation of duties for SEIN employees with responsibilities for or access to nonpublic personal information.

  • Monitoring systems and procedures to detect actual and attempted attacks on or intrusions into information systems containing nonpublic personal information.

  • Response programs that specify actions to be taken when SEIN suspects or detects that unauthorized individuals may have gained access to nonpublic personal information.

  • A disaster recovery plan to protect against loss of or damage to nonpublic personal information due to potential hazards, such as fire and water damage or technological interruption or failure.

SEIN regularly reviews, revises, and updates its information security program to account for changes in technology.

SEIN reserves the right to change this Privacy Policy at any time.