Mondeum Capital, LLC (the “Firm” or “Mondeum”) is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The Firm offers a variety of account and investment options to both retail and institutional clients. Brokerage fees differ and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at www.Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers.
The Firm is affiliated with several foreign broker-dealers that provide brokerage services to retail clients. All of the Firm’s foreign affiliates are regulated by their appropriate local jurisdiction’s regulatory body (i.e., the Firm’s affiliate broker-dealer in the United Kingdom is regulated by the Financial Conduct Authority). A full list of the firm’s affiliate broker-dealers is included in the Organizational Affiliates section of the Firm’s detailed report on FINRA’s BrokerCheck. Mondeum is a separate entity and does not conduct any business with its affiliate broker-dealers.
This document is meant to provide additional information and disclosures regarding our Firm pursuant to Regulation Best Interest.
Mondeum does not assign financial professionals to self-directed client accounts. However, you may interact, from time to time, with financial professionals that work for the firm. Financial professionals are Registered Representatives of our Broker-Dealer. You can check our financial professionals at www.brokercheck.finra.org which will allow you to search for them by name. Their respective profile will show you additional information about them and you can also find additional information about our firm.
In a self-directed brokerage relationship, the Firm will act as your agent to complete securities and other investment transactions at your direction and on your behalf. While the Firm can, in its discretion provide you with general educational materials and investment research, in a self-directed brokerage relationship, the Firm and its registered representatives will not make investment recommendations to you and you will not be assigned an account representative or financial advisor.
There are material limitations to the financial products and services the Firm provides. The Firm approves and offers only certain account types, products, and securities. There may be additional account types, products, and securities that are not offered by the Firm, which may benefit you and your portfolio. In addition, those that we do offer, may be available at a lower cost through another firm.
Additionally, while financial professionals associated with the Firm are licensed to offer certain account types, products, and securities, your financial professional will not recommend a particular account type, product, and/or security which may benefit you and your portfolio. You can check to see the licenses your financial professional holds, by visiting www.brokercheck.finra.org.
We require a minimum initial funding level of $25,000 to open an account. All non-retirement accounts opened above $25,000 are deemed margin day trading accounts and are subject to applicable margin maintenance requirements. Our clearing firm must approve your margin account application.
In addition to the minimum balance requirement, customers may be charged commissions and fees relating to routing, trading, platform, money transfers, market data, and voluntary actions. For a complete list of these fees, you should review our pricing on our website.
The Firm may receive shared revenues, fees, and/or payments from third parties (i.e., clearing firms, routing brokers, etc.) which could create an incentive to offer certain products or services.
As a self-directed retail investor, you will be charged a commission on a transaction basis. The more you trade the more the Firm will be compensated. Therefore, the Firm may have an incentive to encourage you to trade more often.
The Firm may receive remuneration for directing orders to a particular exchange or broker-dealer and may route orders to market centers and liquidity sources that may offer credits for certain types of orders while assessing fees for other types of orders. In some cases, the credits offered by a market center may exceed the credits being offered back to you and the charges assessed may be less than the charges being billed back to you. Such remuneration is considered compensation to the Firm and may constitute payment for order flow. The Firm may also use exchanges, broker dealers or other market centers to route orders on their behalf, including Direct Market Access orders. These arrangements give the Firm a financial incentive to route orders to venues that provide such arrangements.
The Firm does not provide tax, legal or accounting advice. Accordingly, we encourage each customer to consult their own personal tax, legal and/or accounting advisers in order to understand the potential consequences associated with a particular investment strategy.
Investing in securities involves risk of loss that customers should be prepared to bear. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment or investment strategy will be profitable for a customer’s investment portfolio.
Past performance is not indicative of future results. A customer should not assume that the future performance of any specific investment, investment strategy, or product will be profitable or equal to past or current performance levels. We cannot assure that the investment objectives of any client will be realized. For additional product-specific risks, customers should review their prospectus, offering document, or similar materials and consider them carefully prior to making an investment decision.
System availability and response times may be subject to market conditions.
Trading securities on margin is complex and presents particular risks. When you purchase securities using margin, you are borrowing funds from Mondeum’s clearing firm and the securities purchased are acting as your collateral. If the securities in your account decline in value, so does the value of the collateral supporting your loan. As a result, Mondeum, at the instruction of its clearing firm, may be forced to act to maintain the required equity in the account.
It is important to recognize the risks associated with trading securities on margin. You can lose more funds than you deposit in your account. Mondeum, if compelled by its clearing firm, can force the sale of securities in your account. If you are unresponsive to requests to cover your margin calls, Mondeum may be required to liquidate your positions. You are not entitled to choose which securities in your margin account are liquidated or sold to meet a margin call. Mondeum’s clearing firm can increase its house maintenance margin requirement at any time and is not required to provide you with advance notice. You are not entitled to an extension of time on a margin call.
Day trading can be extremely risky. It is not appropriate for individuals with limited resources, limited experience, and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. You should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses.
It is important to be cautious of any claims of large profits from day trading. Day trading requires knowledge of securities markets. Day trading can generate substantial commissions, even if your per trade cost is low. Day trading on margin or short selling may result in losses beyond your initial investment.
If you have questions about our services or would like a copy of this disclosure or our Form CRS, please call 1-833-781-6338 or email firstname.lastname@example.org.