Account Open Disclosures

Account Open Disclosures

LODAS Securities Customer Identification Program. 

What types of information will you need to provide? 

When you open an account, you are required to provide the following information: 

  • Name 

  • Date of birth 

  • Address 

  • Identification number

U.S. citizen: taxpayer identification number (Social Security number or employer identification number)


To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify and record information that identifies each person who opens an account. 

  • This notice answers some questions about LODAS Securities . 

  • Non-U.S. citizen: taxpayer identification number; passport number and country of issuance; alien identification card number; or government-issued identification showing nationality, residence, and a photograph of you. 

You may also need to provide 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. 

U.S. Department of the Treasury, Securities and Exchange Commission, FINRA and New York Stock Exchange rules already require you to provide most of this information.  These rules also may require you to provide additional information, such as your net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance. 

What happens if you don’t provide the information requested or my identity can’t be verified? 

LODAS Securities may not be able to open an account or carry out transactions for you. 

We thank you and appreciate your support of the financial industry’s efforts to deny terrorists and money launderers access to America’s financial system.