IMPORTANT ACCOUNT UPDATE:
Raymond James & Associates, Inc. our clearing BD and Custodian for accounts, will be restricting business in certain foreign jurisdictions on the RCS platform as of yearend to liquidating orders only. Additionally, no new accounts will be able to be opened for clients residing in these jurisdictions. Accordingly, Level Four Financial, LLC will no longer be able to support accounts that are not within the stated Raymond James parameters. 
 
RCS Platform Modifications. After review of the current business on the RCS platform and in order to more closely align with overarching firm strategy and regulatory requirements, RCS will be
 
An email will follow to those reps that this will impact shortly with a list of impacted client accounts. 
RCS Cross Border Platform Changes Jurisdiction List
High Level Change Description
Mexico
  • Only Mexican resident clients who are Qualified Investors under the Mexican Securities Market Law will be allowed on the RCS Platform. Each client must have a Form 1987 completed and uploaded.
  • Any client not meeting these requirements must be exited.
Venezuela (residents and citizens if the citizen resides outside U.S.)
  • New Venezuela resident clients or citizens must have $1MM custodied with RCS within 6 months of account opening or accounts will be restricted
  •  New Capital Access account features disallowed
Antigua and Barbuda ECSM
Dominica ECSM
Grenada ECSM
Montserrat ECSM
Saint Kitts and Nevis ECSM
Saint Lucia ECSM
Saint Vincent and the Grenadines ECSM
  • Purchase of domestic U.S. MF disallowed
  • Purchase of life insurance or fixed variable annuities disallowed. 
  • Recommendations/solicitation to purchase any securities while FA is in jurisdiction is disallowed. 
Restricted Jurisdiction
  • No new accounts for clients who reside in restricted jurisdictions
  • Existing accounts will be restricted to liquidations only. 
Updates and Action will be required to be completed by 12/31/2021
11 N Water Street ▪ Suite 21290 ▪ Mobile, AL 36602 ▪ P 888.397.7358 ▪ F 888.206.5230
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Securities offered through Level Four Financial, LLC Member FINRA/SIPC. Advisory services offered through Level Four Advisory Services, LLC, an SEC-registered investment adviser. Insurance services offered through Level Four Insurance Agency, LLC. Level Four Financial, LLC, Level Four Advisory Services, LLC, and Level Four Insurance Agency, LLC are independent entities. Accounts carried by Raymond James & Associates, Inc. Member New York Stock Exchange/SIPC. E-mail sent through the internet is not secure or confidential. This e-mail is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this message in error, please contact the sender immediately and delete the material from your computer.