June, 2020
STOCKKINGS CAPITAL, LLC – RELATIONSHIP SUMMARY
StockKings Capital, LLC is a broker-dealer registered with the Securities and Exchange Commission, and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Brokerage and investment advisory services and fees differ and it is important for you, as a retail investor, to understand the differences.
Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS , which also provides educational materials about broker-dealers, investment advisers, and investing.
DESCRIPTION OF SERVICES
“WHAT INVESTMENT SERVICES AND ADVICE CAN YOU PROVIDE ME?”
We offer brokerage services to retail investors, such as you. These services include buying and selling securities, private placement offerings, and we also offer recommendations to retail investors. We make available the opening of individual, retirement and corporate accounts for the purposes of making equity securities investments. We do not monitor your investments regularly as part of our standard services.
You make the ultimate decision regarding the purchase or sale of investments.
We do not make available or offer advice only with respect to proprietary products. We only offer advice on equity securities and private placements.
We do not have any requirements for you to open or maintain an account or establish a relationship, such as minimum account size or investment amount.
You should ask the following questions to a financial professional and start a conversation about relationships and services:
“Given my financial situation, should I choose a 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? What do these qualifications mean?”
“WHAT FEES SHALL I PAY?”
The principal fees and costs that you will incur for our brokerage services are commissions charged to you per transaction (for example, commission charged for the buying or selling of equity securities). These fees are assessed on every transaction. These transaction-based fees create a conflict of interest, as the firm and your broker earn more commissions the more transactions you make. You would be charged more when there are more trades in your account, and the firm may therefore have an incentive to encourage you to trade often.
Other fees and costs related to our brokerage services and investments in addition to the firm’s principal fees and costs that you will pay, directly or indirectly, include, but may not be limited to: custodian fees; account maintenance fees; wire transfer fees, etc.
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.
You should ask this question to a financial professional and start a conversation about the impact of fees and costs on investments: “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?”
Securities recommendations must be in your best interest. The firm and your broker may not place their interests ahead of yours. A series of recommended transactions are to be appropriate and not excessive. Your broker should consider reasonably available alternatives, if any, offered by our firm in determining whether your broker has a reasonable basis for making the recommendation to you. Private placements that are issued by our affiliate, StockKings Holdings, LLC, and sponsored by our firm pose a potential conflict of interest.
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:
Our financial professionals are compensated from the commissions they generate on your transactions. This creates a conflict of interest as your broker earns more commissions the more transactions you make. You would be charged more when there are more trades in your account, and the broker may therefore have an incentive to encourage you to trade often.
You should ask this question to a financial professional and start a conversation about conflicts of interest:
“How might your conflicts of interest affect me, and how will you address them?”
“HOW DO YOUR FINANCIAL PROFESSIONALS MAKE MONEY?”
Our financial professionals are compensated from the commissions they generate on your transactions. This creates a conflict of interest as your broker earns more commissions the more transactions you make. You would be charged more when there are more trades in your account, and the broker may therefore have an incentive to encourage you to trade often. Our financial professionals may charge higher commissions based on the time and complexity required to meet your needs; the product sold (i.e. , differential compensation) and product sales commissions.
“DO YOU OR YOUR FINANCIAL PROFESSIONALS HAVE LEGAL OR DISCIPLINARY HISTORY?”
Yes. Please visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
You should ask this question to a financial professional and start a conversation about the financial professional’s disciplinary history: “As a financial professional, do you have any disciplinary history? For what type of conduct?”
ADDITIONAL INFORMATION
You can find additional information about our brokerage services and request a copy of this relationship summary on our website: www.stockkingscapital.com. You can also request up-to-date information and request a copy of this relationship summary by calling us at 212-763-5820.
You should ask this question to a financial professional and start a conversation about the contacts and complaints: “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?”