TGP Securities
Customer Identification Program Notice
To help the government fight money laundering activities and the funding of terrorism, federal law requires financial institutions to obtain, verify and record information that identifies those with whom we transact securities business.
For individuals, our firm is required to collect the following information, among other items:
Name Date of Birth Address Identification number
You will also need to show your driver’s license or other identifying documents.
A corporation, partnership, trust or other legal entity may need to provide other information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement, or a trust agreement.
Privacy Notice
TGP Securities, Inc. protects the confidentiality and security of information we collect about our customers. We will not share nonpublic personal information about you with third parties, except for the specific purposes described below.
We limit the collection and use of information to the minimum we require to deliver our services to you. Such service includes maintaining your accounts with us, processing transactions requested by you, and administering our business.
We get information directly from you when you apply for, access, and use financial products and services offered by us – whether in person, by telephone, or electronically. Our employees are required to protect the confidentiality of your information and to comply with our established policies. We maintain physical, electronic and procedural safeguards to protect your information.
We may disclose any kind of your information when we believe it necessary for the conduct of our business, or where disclosure is required by law. Except in those limited situations, we will not make any disclosure of your information to other companies that may want to sell their products or services to you. Our Privacy Policy will apply even if you are no longer a customer of our firm.
Our Business Continuity Plan
Our Business Continuity Plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of a significant business disruption.
In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site (if necessary) and would expect to recover and resume business quickly. In a disruption affecting our business district, city, or region, we will most likely transfer our operations to a site outside of the affected area, and then attempt to promptly recover and resume business. Under all scenarios, we plan to continue in business and to notify you regarding how to contact us. If the business disruption is so severe that it prevents us from remaining in business, we will arrange notification for our customers relative to how they might be affected.
If after a significant business disruption you cannot contact us as you usually do at (908) 217-9723, you may email us at jtammaro@tgpsecurities.com.
Please contact us for more details on any of these issues.
CUSTOMER RELATIONSHIP SUMMARY
1. Introduction
TGP Securities, Inc. (“the Firm” or “We”) is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and is a member of Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). It is important for you to understand that brokerage fees are different from advisory fees. You may wish to avail yourself of free and simple tools that are available to you for the purposes of researching our Firm as well as other firms and financial professionals at www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing in general.
When considering our services, ask your financial professional:
• What investment services and advice can you provide me?
• Given my financial situation, should I choose a brokerage service? Why or why not? • How will you choose investments to recommend to me?
• What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
2. Relationships and Services
There are different ways you can get help with your investments. You should carefully consider which types of accounts and services are right for you. Please note that the Firm offers limited investment products and services. Specifically, we offer investors the opportunity to make self-directed investments on an agency-basis of interests in registered and unregistered securities offerings, including private placements offered under Regulation D. Other security products or brokerage services may be more suitable for you. Overall, TGP Securities, Inc. is a broker-dealer that provides private placement of securities and merger and acquisition advisory services and may provide marketing services to private funds.
The Firm does not open or maintain retail customer accounts, nor does the firm provide direct investment advisory services. Because TGP Securities does not hold customer accounts, all individual accounts, when established, are usually maintained at financial institutions where your investments were channeled to, as when based on our recommendations. The broker dealer, or a custodian, or a transfer agent that holds your assets can charge you a transaction fee when we buy or sell an investment for you. The Firm’s transaction fees would be in addition to those fees. You could also pay charges imposed by the broker-dealer or a custodian holding your accounts for certain investments and for maintenance of your account. Some investments, such as mutual funds and exchange traded funds, charge additional fees that will reduce the value of your investments over time. TGP Securities does not manage clients’ assets and does not provide oversight of customer accounts.
The Firm charges agreed upon engagement fees detailed in the Investment Banking Agreement that prospective clients execute with the firm. The terms of the agreement are memorialized and maintained by the Firm. There are no fees required to establish a relationship with TGP Securities, Inc.
Additionally, TGP Securities is engaged as a marketer with various private funds and will receive compensation as a result of any recommendation that customers of the funds “use” to effect a securities transaction or investment strategy involving securities. For additional information please visit our Web site (www.tgpsecurites.com) for more detailed information about our broker-dealer products and services.
When considering our services, ask your financial professional:
• Help me understand how fees and costs might affect my overall investment. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
• What Fees will I pay?
3. Fees, Costs, Conflicts and Standard of Conduct
Fees, costs, conflict and standard of conduct are all enumerated in the Investment Banking agreement.
Fees and costs are incurred whether you make or lose money on your investments. The Firm recommends that the clients make sure to understand what fees and costs they are responsible for. Where these fees apply, the more transactions you enter into, the more compensation that we and your financial professional receive. This compensation creates an incentive for us to encourage you to invest in private placements. Commissions and other sales concessions are charged when a transaction occurs. You will be charged more the more transactions you do with our Firm, and we, therefore, have an incentive to encourage you to invest in private placements. Transaction-based fees are based on a host of factors, including, but not limited to: issuer and the type of offering participated in, size of your transaction and/or overall value of your investment, frequency of your private placement investments, and available discounts and/or fee waivers.
Standard of Conduct: The Firm acts in the clients’ best interest. Any possible conflicts are enumerated in the Investment Banking Agreement. You should understand and ask us about these conflicts.
How we make money: TGP Securities generates revenue as a result of transaction-based fee structures and other financial arrangements between us and third parties. Securities rules allow for us to earn fees when we provide brokerage services to you. The fees that we receive from you vary based upon the product or services you purchase.
How do your financial professionals make money?- Registered Representatives earn a portion of the commissions and other transaction fees you pay. As commissions are based on a number of factors, so is the compensation paid to our Registered Representatives. For example, certain products pay higher commission rates than others. Employee bonuses may be paid based on the overall profitability of TGP Securities
Conflicts of Interest: Registered Representatives may invest in the same products offered to customers. TGP Securities has procedures to monitor the personal trading activities and securities holdings of each of its Registered Representatives and includes procedures for limitations on personal securities transactions of associated persons. These policies are designed to discourage and prohibit personal trading that would disadvantage customers.
Do you or your financial professionals have legal or disciplinary history?
4. Disciplinary History -As of the date of this Form, no associates at the firm have any disciplinary history. The firm has certain disciplinary history, the details of which can be found here: https://files.brokercheck.finra.org/firm/firm_159008.pdf.
Please visit investor.gov/CRS or https://brokercheck.finra.org/ for a free and simple search tool to research our Firm and our financial professionals. Additionally, you may visit https://brokercheck.finra.org/ for additional information regarding any disciplinary history on the Firm and or its associates.
When considering our services, ask your financial professional:
• Who is my primary contact person?
• Is she or he a representative of an investment adviser or a broker dealer?
• Who can I talk to if I have concerns about how this person is treating me?
5. Additional Information: Should you wish to obtain additional information on services the Firm provides, please visit our Web site at www.tgpsecurites.com. You can also reach us at (908) 217-9723 or email us at Info@tgpsecurities.com.
To report a problem to the SEC, visit Investor.gov or call the SEC’s toll-free investor assistance line at (800) 732-0330. To report a problem to FINRA, https://www.finra.org/investors/have-problem/file-complaint.