- Disclaimer -

All Users of A. B. Nicholas & Co. Services are Required to Read and
Agree to this Disclaimer Before Proceeding.

A. B. Nicholas & Co. (ABN) provides information, research and support services to clients seeking competitive, non-transfer-of-title credit lines against a wide range of securities. It uses its position to help the client to obtain the best rates and terms possible via the lending partners with which it has chosen to work.

ABN does not route clients to specific lenders for any form of incentive or compensation of any kind. ABN is therefore not compensated in any manner by or through any lender or financial firm, directly or indirectly, which includes any of the regulated and licensed SIPC/ FINRA-member firms which provide lending services for our clients. ABN is a not a broker-dealer or financial advisor nor a member of FINRA or SIPC, though it works exclusively and solely with financial organizations that are members in good standing with those organizations.

ABN at no time provides investment, tax, buy-sell, or any other type of financial, investment, insurance, or tax advice. ABN provides information and quotes for non-transfer-of-title securities lending programs where the client's securities remain in an account solely owned by the client, not jointly owned. No form of ownership transfer takes place while and if the client's financing remains in good standing.

Security. For credit lines, ABN focuses only on a very specific type of securities financing program in which all accounts and all assets remain in the client-owner's full legal possession and title at the SIPC-member lending firm's bank/brokerage throughout the loan term. No shares are ever sold, irrevocably pledged, or transferred into any lender ownership or control within any of the financing programs we offer during the loan term. All credit lines involve a simple lien placed on the account, and the client may continue to trade in the account as long as the securities' value remains within lender required value as an asset-based financing program.

Further, no client is required to undertake any credit line program offered through or by ABN, its staff or associates, upon opening their new account at the SIPC-member brokerage that provides the client's funding. In such case, the account is simply a standard fully licensed and regulated U.S. brokerage account and as with any account, may be moved or transferred by the client without limitation. Obligation occurs only when a client has opened their credit line account and drawn cash from it, as with any loan program.

ABN lending programs are wholly and exclusively managed through licensed, top-tier SIPC and FIDC member financial institutions and ABN does not work in any manner or form with

• Any private placement lending facility or any facility that takes title to the securities; or
• Any such facility that requires the securities to be transferred or pledged into another's name or control; or
• Any lending facility that is not licensed or fully regulated; or
• Any facility, company, or individual that sells client securities to fund the credit line; or
• Any form of nonrecourse lending; or
• Any client who seeks to use this funding to avoid the lawful payment of taxes or other federal or state obligations.

A.B. Nicholas is not a signatory to any financing contract for any program offered through this site. ABN does not manage portfolios, has no contact with client assets, and has no fiduciary or other interest of any kind in the management or outcome of any of the securities used in any of the financing programs ABN facilitates. All decisions regarding financing offered through this site are wholly the responsibility of the client in conjunction with the licensed representatives of his lending institution. Those responsibilities and activities are exclusively handled through these licensed, FINRA-member parties with which we refer our clients. Despite the fact that our clients' securities are never sold to fund any of our lending programs, ABN focuses exclusively on lending services and does not and will not offer any form of securities buy-sell or tax advice and all clients are urged to consult with a licensed tax or financial planner if they are in need of these services

Tax treatment of loan or credit line proceeds is the sole responsibility of the borrower client and ABN cannot and will not provide any tax advice at any time. Decisions made regarding the tax treatment of any financing provided by or through ABN, its staff or associates is the sole responsibility of the client borrower. Please consult with a licensed tax advisor and/or the IRS website (www.IRS.gov) for specific and proper treatment of all loan or credit line proceeds.

ABN does not offer any form of nonrecourse securities loan of any kind, does not allow any form of securities transfer or pledge to any third party, and does not permit any form of nonrecourse securities loan or financing to its clients at any time nor to be to be discussed by or through its facilities.

All accounts used in any funding through the ABN website or personnel are titled solely to the securities owner. Title does not transfer during the loan term and no shares are sold through any ABN programs to fund any loan offered herein. Should the client default on their loan or not pay it back, however, some or all of the client's securities may be confiscated by the lender to satisfy any unpaid obligation as with any asset-based loan, and other terms and conditions pursuant to the credit line contract can of course be exercised by the lending party.

Credit line funds many not be used for any illegal purpose nor for the purchase of marginable securities per US FRB regulation. ABN is not a mortgage broker and does not broker mortgages for real estate of any kind. Use of loan proceeds for real estate applications is solely at the discretion of the client borrower and therefore is the sole responsibility of the borrower.

Brokers. Affiliation is available. Any individual or company working with ABN must agree to and follow any and all of the requirements listed within this Disclaimer. Affiliates are independent contractors and are not employees of ABN and may not be associated with any of the financial firms to which we refer our clients.

In proceeding to access this website you are hereby agreeing in full that ABN does not hold itself out as either a lender, tax advisor, financial advisor, or licensed financial planner in any manner. Please consult with a licensed provider of these services in your state of residence if you should require these services.

ABN is not affiliated with the SIPC, FDIC, SEC, IRS, or any of their subsidiaries. Please refer to these organizations' websites for information on their services and programs.

 

Proceeding with this site presumes you have read, understand and accept the above statements.
If you do not understand any of this Disclaimer, please feel free to inquire at support@abnicholas.com.
Please do not proceed with this site or with any loan programs herein if you do not
understand, accept and agree in full with this Disclaimer.