Information about securities offered through Lara, May & Associates, LLC (“LMA”)
LMA is an affiliated, fully disclosed, introducing broker-dealer member of the Financial Industry Regulatory Authority, Inc (“FINRA”). To review of copy of the FINRA Manual, click here. Some Wealth Advisors are also broker agents of LMA and are able to offer brokerage services through their affiliation with LMA. To view the registration status and information about LMA and an individual visit FINRA’s BrokerCheck.
INSURANCE AGENCY – LMA is also a firm insurance agency residing in the State of Virginia.
BROKER-DEALER – LMA’s primary custodian and clearing firm is First Clearing, a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company (“FC”). The SEC Rule 606 requires broker-dealers that route orders in certain equity and option securities to make available quarterly reports that present a general overview of their routing practices. If you would like to obtain further information regarding the primary market centers selected by FC to handle orders, you may access FC’s quarterly “Order Routing Report” by accessing this web link (Public Disclosure – SEC Rule 606 Reports) and selecting Wells Fargo Securities. Routing reports for Fidelity are available here.
MSRB – LMA is also registered with the Municipal Securities Rulemaking Board (“MSRB”). The website address for the MSRB is www.msrb.org which includes access to the MSRB Rule Book and an investor brochure that describes the protections that may be provided by the MSRB rules and how to file a complaint with an appropriate regulatory authority. Access to www.msrb.org is available at the Falls Church, Va. and Frisco, Colo. branch locations.
JURISDICTION – The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information. LMA and individuals acting in the capacity as either a broker agent or insurance agent only transact business with a state resident after licensure or satisfying the qualification requirements of that state, or if they are excluded or exempted from the state’s requirements, as the case may be. For information concerning the license status or disciplinary history of a broker-dealer firm or individual broker agent go to FINRA BrokerCheck.
OPTIONS – If you are considering the use of options please read through the Characteristics and Risks of Standardized Options and Supplements. This is written and published by The Options Clearing Corporation. This booklet explains the purposes and risks of options transactions and is provided to an investor prior to buying or selling options contracts. The CBOE also has investor education videos that help illustrate the various behaviors of options.
REP CHANGING BROKERAGE FIRM? – For consumers considering changing brokerage firms/representatives FINRA has created educational material to prompt important questions to ask and consider before you make a change. Please read over this material as provided here.
ACCOUNT STATEMENTS – Clients should receive at least quarterly statements directly from the custodian that holds and maintains your investment assets. We encourage clients to carefully review such statements and compare such official custodial records to any report or information that an employee or representative provides or is viewed via a custodial feed in a third party software or online portal. Statements from different custodians may vary from one to another based on their accounting procedures, reporting dates, or valuation methodologies of certain securities.