0 result

Legal Resources

Links to Legal Resources

© Secfi 2022 — All rights reserved. Secfi refers to Secfi, Inc. and its affiliates. Secfi, Inc. is a technology company offering a range of financial products and services through its wholly-owned, separate but affiliated subsidiaries, Secfi Advisory Limited and Secfi Limited (each, an “Adviser” and collectively, the “Advisers”) and Secfi Securities, LLC (an SEC-registered broker-dealer).

Secfi Advisory Limited and Secfi Limited are regulated by the Securities and Exchange Commission as exempt reporting advisers, providing non-discretionary investment advice to private funds. Specifically, each Adviser serves as a non-discretionary sub-adviser to certain pooled investment vehicles (each, a "Fund") managed by a third-party manager (the "Fund Manager"). Each Fund has been or will be formed by the Fund Manager for various purposes, including but not limited to, acquiring exposure to the stock ("Shares") of late-stage and growth-stage private technology companies ("Companies") held by the employees of such companies who are seeking liquidity ("Shareholders"). The Advisers provide investment management services to the Funds on a non-discretionary basis solely with respect to the recommendation of certain Personal Securities Contracts in order to facilitate each Fund’s desired exposure to the relevant Companies. Such advisory services performed by each Adviser are limited exclusively to recommending, arranging and negotiating Personal Securities Contracts on behalf of each Fund. The Advisers do not have discretion to make investments on behalf of a Fund save for recommending Personal Securities Contracts consistent with the general strategy and investment guidelines of a particular Fund. Accordingly, the Funds are the Advisers’ clients; Shareholders are not customers or clients of the Advisers. The Advisers do not provide any type of investment, securities, tax, or brokerage advice or services to the Shareholders in any capacity. Additional information can be found in the Secfi Securities Regulation Best Interest FAQs here.

Personal Securities Contracts are brokered by Secfi Securities, LLC, member FINRA / SIPC and you are encouraged to read our Customer Relationship Summary. As used herein, "non-recourse" means that a Shareholder is not personally liable for the difference between the value of the advance made to Shareholder and the value of their applicable equity upon an issuer liquidity event, or absence of such event. Terms and conditions apply as detailed in each Personal Securities Contract.

Secfi Inc is not a bank and certain banking services are provided by Blue Ridge Bank, N.A., Member FDIC. Investment products are not FDIC-insured, not guaranteed by any bank, and may lose value.

This information is provided by Secfi for educational and illustrative purposes only and is not considered an offer, solicitation of an offer, advice, or recommendation to buy, sell, or hold any security. All investing involves risk, including the risk of losing the money you invest, and past performance does not guarantee future performance. As private securities, Personal Securities Contracts are highly speculative, may be less liquid than public securities, and you should discuss the objectives and risks with your investment, tax, and legal advisors before investing.

Secfi relies on information from various sources believed to be reliable, including information from its customers, but cannot guarantee the accuracy or completeness of that information.