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CRS Form

Form CRS

Form CRS (Customer Relationship Summary) June 30, 2020

Ultralat Capital Markets, LLC (“Ultralat” or the “Firm” or “us” or “we”) is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA). Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. Free and simple tools are available to research different firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

Our brokerage services include the buying and selling of securities and investment products. These include stocks, bonds, options, mutual funds, and more. If you open a brokerage account, you will pay us a transaction-based fee, generally referred to as a commission, every time you buy or sell an investment. There is a $250,000 minimum investment in order to open a brokerage account, but we may reduce or waive this requirement in some circumstances. In addition, we may recommend some investments which require a minimum investment.

When we provide brokerage services, we may recommend investments, or you may select them, but the ultimate decision regarding an investment strategy or the purchase or sale of an investment will be yours. Although we do not provide ongoing monitoring of your account, we will review your account before every recommendation to ensure we act in your best interest.

There may be some products and investment options which we do not offer, but may benefit your portfolio. In addition, there could be other firms who offer the same or similar investment options or services for a lower cost. Through our clearing Firm we will provide you with account statements on a quarterly or monthly basis. We may be able to provide you with additional services to help you reach your goals, but you might pay more.

For more detailed information on the products and services we offer, including limitations, visit

Ask your Financial Professional
  • Given my financial situation, should I choose 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 and what do these qualifications mean?

What fees will I pay?

When you transact in a brokerage account, you will pay a transaction-based fee. This fee is based on the specific transaction, not the value of your account. With certain investments such as stocks or exchange-traded funds this fee is called a commission. For other investments, such as a bond, this fee might be part of the price you pay for the investment, which is also known as “mark-up” or “mark-down”. With mutual funds this fee is usually referred to as a “load” and reduces the value of your investment.

Certain investments, such as mutual funds also impose additional fees that will reduce the value of your investment over time. Also, with certain investments you may have to pay fees, such as surrender charges, when you sell the investment. From a cost perspective, you may prefer a transaction-based fee if you do not trade often or if you plan to buy and hold investments for longer periods of time. In a brokerage account, more transactions result in us charging you more fees. Therefore, we could have an incentive to encourage you to engage in transactions. You may also pay other fees for things like account maintenance and wire transfers.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

For more detailed information regarding fees and cost of your account visit:

Ask your Financial Professional
  • Help me understand how these fees and costs might affect my investments. 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 are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?

When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations, we provide you. Here are some examples to help you understand what this means.

In a brokerage account, when our interests conflict with your interests, we must tell you about them and in some cases take steps to reduce or eliminate these conflicts. Conflicts may result in you paying more for your investments that you would if the conflict did not exist.

In a brokerage account, we make money by buying and selling you securities and investment products. Because we get paid when you complete a transaction, we could have an incentive to encourage you to make larger investments and more frequently. Certain products, such as mutual funds, include continuing payments to us, known as “trails”. We could have an incentive to recommend investment products that include trails, even if other investments available to you have lower costs or may perform better.

We also receive shared revenue and payments from some third-parties which incentivizes us to do business with them. For some products we receive higher compensation than on other products. We could have an incentive to encourage you to buy products or investments that pay us more, even if other options might be better for you.

For more detailed information and a complete list of our conflicts of interest and a description of all the ways we make money, visit

Ask your Financial Professional
  • How might your conflicts of interest affect me, and how will you address them?

How do your financial professionals make money?

For brokerage accounts, your financial professional is paid a percentage of the selling compensation (commissions, markup, markdowns, loads – as described above) as well as trailing compensation.

Do you or your financial professionals have legal or disciplinary history?

Yes, you can visit Investor.gov/CRS for a free and simple search tool to research more information about our Firm and your financial professional.

Ask your Financial Professional
  • As a financial professional, do you have any disciplinary history? For what type of conduct?

You can find additional information regarding our brokerage services by visiting our website, https://www.ultralat.com/. If you need any other up-to-date information or would like a copy of our relationship summary sent to you, call us at (561) 620-0306.

Ask your Financial Professional
  • Who is my primary contact person? Is he or she 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?

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Disclosures

Important Legal Risk Disclosures

Special risks are associated with each type of security or investment vehicle. The price of the shares of the security and income generated from that security can go down as well as up and you may not get back the full amount that you invested. Past performance is no guarantee of future performance. Certain securities or funds that are diversified or hold many different investments with different characteristics are subject to change. Currency fluctuations and interest rates may affect the value of domestic and overseas investments. Investors should take into consideration the risks associated with the regions of the world the fund may invest in, including: currency fluctuations, interest rates, economic instability and political developments. Investments in developing markets involve heightened risk related to the same factors, in addition to those associated with smaller size and lesser liquidity. Further, smaller company stocks have historically exhibited greater volatility than larger-company stocks, particularly over the short term. Please consult the prospectus for a more detailed description of the fund’s risk.

Contents of this website:

The reader or investor should not assume that investments in the securities listed were or will be profitable. The information provided on this web site does not constitute or form part of any offer for shares of the securities noted or an invitation to invest in such shares. Investments in certain types of securities can only be made on the basis of the securities most recent prospectus. Offshore funds may not be offered or sold to citizens or residents of the United States of America. Current performance may be lower or higher than the performance data quoted. Before investing, consider the funds’ investment objectives, risks, charges and expenses carefully. This and other information is available in the prospectus. Please also consult with your professional advisor for current performance before investing.

Share classes

Certain share classes may not be available for each security. Please consult your investment professional to confirm which classes of shares are available.

Questions / Prospectus

For questions or to obtain a free prospectus, please contact us at info@ultralat.com. Investors should read the prospectus carefully before investing.

The Company

Ultralat Capital Markets Inc is a US Broker Dealer registered with the SEC (Securities and Exchange Commission) and is a member of   FINRA  –  Financial Industry Regulatory Authority and SIPC – Securities Investor Protection Corporation.

Other

Investments are not FDIC-insured, may lose value, nor are they deposits of or guaranteed by a bank or any other entity. There is risk with any investment and all risks must be clearly defined and understood before investing any money. Only FDIC insured certificates of deposit and FDIC money markets are insured and guaranteed by the Federal Deposit Insurance Corporation. Investors should carefully consider their investment objectives, risks, time horizon, charges, fees and expenses of any investment product or service.
Past performance is no guarantee for future results. Carefully consider the investment objectives, risks, charges and expenses before investing. This and other information is available in the prospectus. For questions or to obtain a free prospectus, please contact us at info@ultralat.com Investors should read the prospectus carefully before investing.
Offshore funds may not be offered or sold to citizens or residents of the United States of America.
The client login page for Pershing, LLC is owned and operated by Pershing, LLC.

July 14th 2010

Under Federal law and SEC regulations, we are required to provide you with a notice of our privacy policy. This notice describes our policy regarding the collection and disclosure of personal information.

Privacy Policy

We at Ultralat Capital Markets Inc value our customers’ trust and are committed to the responsible management, use and protection of personal information. U.S. broker dealers are required by securities laws and the USA PATRIOT Act to obtain certain information to open and maintain your brokerage account with us, and to process transactions requested by you.

Categories of information we collect

We collect personal information about you from the following sources: (1) information you provide on applications or other forms, such as name, address, income, net worth, investment objectives; (2) information about your transactions with us, our affiliates, or others; and, (3) public sources.

Categories of information we disclose and parties to whom we disclose

We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted or required by law or as noted in the next paragraph.

Categories or parties to whom we disclose

We may disclose information about you necessary to open or maintain your account or settle transactions: to our affiliates, our clearing agent, custodians, banks and securities broker-dealers. We may also disclose nonpublic personal information about you to nonaffiliated third parties such as our auditors, attorneys or other professionals who assist us in the conduct of our business, to prevent fraud, or as permitted or required by law. We do not sell or share your personal information to other companies who wish to market their products or services to you. We do not sell or share your information with any non-affiliated third parties.

Confidentiality and security

We restrict access to nonpublic personal information about you to those persons who need to know that information to provide the products and services you request. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. This policy applies to you even if you are no longer our customer.

Accuracy of information

We will attempt to keep customer information complete, accurate and up to date. If you would like to review the information we keep on file, or if you know there has been a material change in information you provided since opening an account, please contact us. A material change might include but is not limited to a change in employment, retirement, increase or decrease in income or net worth, or a change in investment objectives.

BusinessContinuity Plan Disclosure

Ultralat maintains a Business Continuity Plan (“BCP”) whichis available to customers upon request or at www.ultralat.com. Ultralat willreview the BCP annually for completeness and accuracy and will make changes to theBCP as the firm deems necessary. Ultralat will notify customers if the BCPchanges.

Privacy Policy

Cookies

We use “cookies” on this site. A cookie is a piece of data stored on a site visitor's hard drive to help us improve your access to our site and identify repeat visitors to our site. For instance, when we use a cookie to identify you, you would not have to log in a password more than once, thereby saving time while on our site. Cookies can also enable us to track and target the interests of our users to enhance the experience on our site. Usage of a cookie is in no way linked to any personally identifiable information on our site.

Updates

Our Privacy Policy may change from time to time and all updates will be posted on this page.

Links

This web site contains links to other sites. Please be aware that we are not responsible for the content or privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of any other site that collects personally identifiable information.

Ultralat Capital Markets, Inc.

Privacy Notice

We collect nonpublic personalinformation about you, including information such as your name, address,account balances and transaction information, from your account application andother forms that you may deliver to us, and from your transactions with us andour affiliates. This is information the regulators consider necessary for theproper servicing of your account.
In order to affect your transactionsand service your account properly, we may disclose all of the information thatwe collect, as described above, to firms that assist us in servicing youraccount, such as the clearing broker dealer which is Pershing.
All records containing your nonpublicinformation are kept at our principle place of business and may also be kept byour service provider(s), such as Pershing. In connection with servicing youraccount, your nonpublic personal information, and no-affiliates who provideservices regarding or relating to your account, including transfer agents orother service companies. Our affiliates and any non-affiliated serviceproviders are required to protect the confidentiality of your information andto use the information only for the purposes for which disclosure to them ismade. Service providers restrict access to nonpublic personal information aboutyou to those employees who need to know that information to provide productsand services to you. We, our affiliates, and the service providers we usemaintain physical, electronic, and procedural safeguards to maintain thesecurity of your nonpublic personal information.
We do not sell nonpublic information.We do not disclose nonpublic personal information about customers tonon-affiliated third parties, except as described in this Privacy Notice orexcept permitted or required by the law.
In the event that you close youraccount or become an inactive customer, we will adhere to the privacy policiesand practices as described in the Privacy Notice.
1/27/2014

Equal Employment
Opportunity

Ultralat Capital Markets Inc (“the Company”) has established and adopted an Equal Employment Opportunity Employment policy (“EEO”), which is part of the Company’s Human Resources Policy. The purpose of this EEO policy is to ensure that all employment decisions are made on a non-discriminatory basis, and without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity/reassignment, citizenship, pregnancy or maternity, veteran status, or any other status protected by applicable national, federal, state or local law. In some cases, local laws and regulations may provide greater protections than those outlined here.1 Associates will be covered by the laws of their local jurisdiction. An Affirmative Action Program has been developed to identify areas where the Company seeks to increase the representation of minorities and women. In those areas, we have developed action plans and identified good faith efforts that we will undertake in an effort to increase minority and female participation. The Company is committed to these good faith efforts, and we will review them periodically to measure our progress.

1. The Company will recruit, hire and promote without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, citizenship, pregnancy or veteran status, or any other status protected by applicable law.

2. The Company will make all decisions of employment with consideration to appropriate principles of Equal Employment and Affirmative Action.

3. Promotional opportunities will be filled based on merit, experience and other job-related criteria.

4. Personnel actions, such as compensation, benefits, transfers, layoffs, company-sponsored training programs, and social and recreational programs, will be administered on a non-discriminatory basis.

Any employee who has a question or concern regarding any type of discrimination or harassment is encouraged to bring it to the attention of his/her manager or senior manager or the Office Manager. For information regarding harassment or discrimination awareness and reporting, please consult the Human Resources Policy