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Click here for Clearing/Custody Disclosure Agreement
Duncan-Williams has a clearing agreement with Pershing, an affiliate of The Bank of New York Mellon, one of the largest providers of clearing and custodial services in the United States.
Our clients have access to their Pershing accounts through an interactive website maintained by Duncan-Williams. Our website also gives our clients access to a bond accounting service, current financial information about Duncan-Williams, and news releases and other publicity regarding our firm. Pershing also maintains a website that allows our customers to obtain current news releases and other information.
Duncan-Williams operates under provisions of the Securities and Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority, (FINRA), the Municipal Securities Rulemaking Board (MSRB) and the Securities Investor Protection Corporation (SIPC).
Pershing is a member of the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange (NYSE), and the Securities Investor Protection Corporation (SIPC).
Pershing is a member of SIPC. As a result, securities in your accounts are protected up to $500,000 (of which $250,000 can be for claims for cash awaiting reinvestment). For details, please go to www.sipc.org. Pershing also provides additional protection in excess of SIPC coverage through Lloyd’s of London, which works together with other insurers to provide the excess of SIPC coverage. Please note that the current excess of SIPC policy is scheduled to expire on March, 2015. For details, please go to www.sipc.org.
DISCLAIMER: Member SIPC & FINRA. Although the above information is not guaranteed, it has been obtained from reliable sources and is believed to be accurate.