Account Protection

Moreton Capital Markets has taken great precautions to ensure the safety of the assets you have entrusted with us. We have selected RBC Capital Markets, LLC® as our clearing firm and the custodian of our clients’ assets. SIPC and additional coverage for our clients are outlined below:

About RBC Correspondent Services

RBC Correspondent Services® (RBC CS), is a division of RBC Capital Markets, LLC®, member NYSE/FINRA/SIPC. RBC Capital Markets, LLC, is one of the nation's largest full-service securities firms. RBC Capital Markets, LLC, is a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada. RBC Capital Markets, LLC, is a member of the NYSE, AMEX, CHX, CBOE and PSE and has execution capabilities on all principal exchanges. RBC Capital Markets, LLC is owned by Royal Bank of Canada, which trades under the symbol RY on the New York Stock Exchange. Royal Bank of Canada does not guarantee any debts or obligations of RBC Capital Markets, LLC.

Moreton Capital Market's Relationship with RBC CS

Our firm has a contractual agreement with RBC Correspondent Services to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, RBC CS is responsible for making all disclosures to our firm's designated examining authority as required by FINRA Rule 4311. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that our firm (the introducing broker-dealer) and RBC CS (the clearing firm) have to the client. Although client assets are held by RBC Capital Markets, LLC®, neither RBC Capital Markets, LLC, nor RBC CS has responsibility for the financial condition or performance of our firm or our Financial Advisors.

Securities offered through Moreton Capital Markets, LLC. RBC Correspondent Services is not affiliated with Moreton Capital Markets, LLC.

SIPC & Additional Coverage for Client Accounts

RBC Capital Markets, LLC, is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client's account would be reimbursed by SIPC up to $250,000 (reducing the $500,000 above).

RBC Capital Markets, LLC, has purchased an additional policy that offers coverage in excess of the protection provided by SIPC. This coverage covers additional securities and cash protection up to $99.5 million per client, of which $900,000 may be in cash. A $400 million aggregate limit applies to this additional coverage.

RBC Capital Markets, LLC, also offers protection if a client’s securities are missing because of theft by an outsider, computer fraud or theft by an employee for personal gain, subject to that policy’s terms, conditions and limits. Moreton Capital Markets also has a Fidelity bond which covers any potential employee dishonesty.

Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. 

Visit www.sipc.org or contact SIPC at (202) 371-8300 for more information about SIPC coverage.