Regulation Best Interest Additional Disclosure Letter
About Us
NetShares Financial Services, LLC. (the “Firm”) is a registered broker dealer with the Financial Industry Regulatory Authority (“FINRA”) and we are required under Regulation Best Interest (“Reg BI”) to send you this additional Disclosure Letter. We are required to send these disclosures to you prior to making a recommendation to you regarding your potential investments. This letter will provide you with details relating to our Firm and the relationship between you, the Firm, and the Firm’s Registered Representatives. More information relating to the Firm can be found at: https://brokercheck.finra.org/ or at the Firm’s website: www.netshares.com
Financial Profile
In connection with establishing this account and completing your customer agreement you have been given the opportunity to provide to the Firm with your financial profile which includes your investment experience, investment objectives, risk tolerance, income and tax status among other information relative to you. This information is used so that the Firm and our registered representatives may reasonably rely on this information when making recommendations to you and to ensure that our supervisory personal, when reviewing your account and transactions can ascertain that your account and activity is consistent pursuant to your financial profile. Supervisory or compliance personnel may contact you from time to time to further verify that all activity in your account is transacted in the manner you choose.
Conflicts/Compensation
Your representative is compensated for each transaction. As such, there is an inherent conflict which is created when your representative makes a recommendation to you. Under Reg BI, your representative will use the Care clause to ensure that recommendations being made to you are in your best interest. This is determined pursuant to the information provided by you to your representative including your financial condition, investment objectives, risk tolerance, tax status, investment experience and other general information provided by you.
Products: Private Placements
The Firm sells Private Placements of securities. Private Placements are typically illiquid products and are only for accredited investors. The Firm is paid a fee by the issuer to sell various Private Placements of securities to investors and this creates a conflict in that the Firm and its Representatives are compensated to offer these to you. Notwithstanding this, the Firm reviews your particular situation and would only make a recommendation to you to purchase these products if through its investigation of factors including your financial profile determines that these are suitable for you and are in your best interest to achieve your investing goals. As always, we are here to assist you should you have any additional questions. We can be reached at: (800) 216-0360 or email: info@netshares.com
Houston Main Office
Netshares Financial Services, LLC is an SEC registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investors Protection Corporation (SIPC). As an intermediary, we provide opportunities to connect private companies with investors for securities offered and sold under Title II, III, and IV of the JOBS Act.
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Check the background of this firm on
FINRA’s BrokerCheck
Netshares Financial Services, LLC By accessing this website and any pages thereof, you agree to be bound by the Terms of Service and Privacy Policy. This website is operated by Netshares Financial Services, LLC (“Netshares”), a broker-dealer registered with the U.S. Securities and Exchange Commission (the “SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investors Protection Corporation (“SIPC”), which protects securities customers of its member up to $500,000 (including $250,000 for claims for cash). An explanatory brochure can be found at www.sipc.org. Netshares is located at 3200 Wilcrest Drive, Suite 275, Houston, Texas 77042. You may find the background of our broker-dealer and investment professionals on FINRA’s broker/check.
Investment opportunities accessible through this website include offerings made in reliance on the registration exemptions provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), Rule 506 of Regulation D promulgated thereunder, Regulation A, or under Section 4(a)(6) of the Securities Act and Regulation Crowdfunding thereunder. Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by Netshares. Investment opportunities listed on this website are intended for investors who do not have a need for a liquid investment. Investments listed on this website are speculative in nature and involve a high degree of risk. Past performance is not indicative of future performance and the value of an investment may go down and result in partial or total loss of your investment. Investors who cannot afford to lose their entire investment should not invest. Neither the SEC nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through this website. All securities listed on this website are being offered by, and all information included on this website is the responsibility of, the applicable issuer of such securities. Netshares does not verify the adequacy, accuracy or completeness of any information, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offering listed therein. In making an investment decision, prospective investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved, and are strongly encouraged to consult with their tax, legal and financial advisors.
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