Information for U.S. Persons
Capital Markets Elite Group is not registered as a securities broker-dealer under the
laws of
the
United States of America. Under U.S. securities laws Capital Markets Elite Group may not
accept
customers that it
believes to be "U.S. Persons" that have been "solicited" by Capital Markets Elite Group.
Capital
Markets Elite Group uses certain safeguards
in an effort to assure that it does not accept any "U.S. Person" as a customer if that
person
would be considered to have been solicited by Capital Markets Elite Group as determined
under
U.S securities law.
For this purpose, "U.S. Person" has the meaning provided below. In order for a person who
may
be
a "U.S. Person" to open an account with Capital Markets Elite Group, that person must
complete a
"Certification as to
U.S. Person Status" in the form provided at this link. That
certification
requires that a potential U.S. Person certify that the potential customer EITHER is not
a
U.S.
Person OR has not been solicited by Capital Markets Elite Group.
In any event, customers of Capital Markets Elite Group will not be protected by U.S.
laws,
regulations and supervisory
structures applicable to broker-dealers registered in the U.S., and they should not
expect
such
protections to apply.
DEFINITION OF "U.S. PERSON"
- "U.S. person" means:
- Any natural person resident in the United States;
- Any partnership or corporation organized or incorporated under the laws of
the
United States;
- Any estate of which any executor or administrator is a U.S. person;
- Any trust of which any trustee is a U.S. person;
- Any agency or branch of a foreign entity located in the United States;
- Any non-discretionary account or similar account (other than an estate or
trust)
held by a dealer or other fiduciary for the benefit or account of a U.S.
person;
- Any discretionary account or similar account (other than an estate or trust)
held by
a dealer or other fiduciary organized, incorporated, or (if an individual)
resident
in the United States; and
- Any partnership or corporation if:
- Organized or incorporated under the laws of any foreign
jurisdiction;
and
- Formed by a U.S. person principally for the purpose of investing in
securities not registered under the U.S. Securities Act of 1933,
unless
it
is organized or incorporated, and owned, by accredited investors (as
defined
in U.S. SEC Rule 501(a) who are not natural persons, estates or
trusts.
- The following are not "U.S. persons":
- Any discretionary account or similar account (other than an estate or trust)
held
for the benefit or account of a non-U.S. person by a dealer or other
professional
fiduciary organized, incorporated, or (if an individual) resident in the
United
States;
- Any estate of which any professional fiduciary acting as executor or
administrator
is a U.S. person if:
- An executor or administrator of the estate who is not a U.S. person has
sole
or
shared investment discretion with respect to the assets of the estate;
and
- The estate is governed by foreign law;
- Any trust of which any professional fiduciary acting as trustee is a U.S.
person, if
a trustee who is not a U.S. person has sole or shared investment discretion
with
respect to the trust assets, and no beneficiary of the trust (and no settlor
if
the
trust is revocable) is a U.S. person;
- An employee benefit plan established and administered in accordance with the
law
of
a country other than the United States and customary practices and
documentation
of
such country;
- Any agency or branch of a U.S. person located outside the United States if:
- The agency or branch operates for valid business reasons; and
- The agency or branch is engaged in the business of insurance or
banking
and
is subject to substantive insurance or banking regulation,
respectively,
in
the jurisdiction where located; and