Business Continuity Plan Disclosure
Truist Securities, Inc., a wholly owned subsidiary of Truist Financial Corporation, has a comprehensive Business Continuity Plan that is designed to mitigate business disruption in varying degrees of severity. The firm maintains a remote recovery location to facilitate the continuation of business should a disruption occur. The firm’s intent is to continue business should a localized event take place. A remote facility, which is within reasonable proximity to our main locations but remote enough to be on a different utility infrastructure, will be up and running within twenty-four hours of a disaster being declared.
Redundant data facilities
Currently, some critical applications that support the core businesses of the firm are backed up frequently throughout the business day. Additionally, each night all of the data is backed up to electronic storage media and housed at an off-site secured location. Should a disruption occur intra day, it is estimated that some portion of that day’s activity would need to be reconstructed.
Dispersion of personnel
Truist Securities, Inc. has personnel in several areas of the country. Should a disruption occur that would impede the operations of any remote office, the personnel in the headquarters facilities would assume functionality for that location. Should a disruption occur at one of the headquarters offices, personnel would be relocated to our designated recovery facility.
Degrees of disruption
The main facilities for Truist Securities, Inc. are in multiple locations. Should an incident occur at any such location, the critical functions of the affected businesses will be resumed at the designated recovery facility within twenty-four hours of disruption. The plan is designed to restore business operations within twenty- four hours should a disruption occur at a business district level or at a city-wide level, depending on the extent of that disruption.
Should a major disruption occur that would have a devastating effect on regional infrastructure, the firm will first ascertain the estimated duration of the disruption and then determine how to proceed. If the disruption is of such magnitude that the regional infrastructure will be disabled for an undetermined period of time, the firm will evaluate the alternatives available through our major business constituents (businesses with which we have an ongoing commercial relationship in support of our operating activities) and remote facilities to provide our clients the quickest service possible. The firm will draw on all available resources within the Truist Financial Corporation resource pool to serve our clients via the most immediate means. Status of the firm’s operations and course of action will be updated on our web site.
A summary of the referenced Business Continuity Plan is available upon request.
Municipal Securities
Municipal Securities Rulemaking Board (MSRB) - Electronic Municipal Market Access (EMMA)
Structured Certificates of Deposits
Structured Certificates of Deposits (PDF)
Corporate Bonds
U.S. Securities and Exchange Commission - EDGAR | Company Filings
To access monthly Order Execution Information for Truist Securities, Inc., please take the following steps:
Note 1
Historical 606 Reports (4th Qtr, 2019 and prior)
606(a)(1) Reports
To view SEC Rule 606(a)(1) Reports for 1st Qtr; 2020 to present, click the below link: https://mta.ihsmarkit.com/app-v2/public-report-library/public-report-library-view/Truist%20Securities%20Inc/221
606(b)(3) Reports
To View SEC Rule 606(b)(3) Reports for 1st Qtr; 2020 to present:
This is an on demand report and can be furnished upon request. Please send request to Anthony.Larca@Truist.com.
Note 1
For transactions where it acts as principal, Truist Securities, Inc. stands to share in 100% of whatever profits it generates by trading as principal with its customers' orders.
Note 2
Truist Securities, Inc. pays and receives compensation from time to time for certain order flow in the form of discounts, rebates, reductions of fees, or credits. As a result of sending orders to certain trading centers and/or broker-dealers, Truist Securities, Inc. receives payment for order flow in the form of monetary payments, discounts, rebates, reductions of fees, or credits. Under some circumstances, the amount of such remuneration may exceed the amount that Truist Securities, Inc. is charged by such trading centers. This does not alter Truist Securities, Inc.’s policy to route customer orders to the trading center where it believes clients will receive the best execution, taking into account, among other factors, price, transaction cost, volatility, market depth, quality of service, speed, and efficiency.
Note 3
Truist Securities, Inc. will make available to any client the identity of the venue to which the client’s orders were routed for execution during the six months prior to a client’s request, whether the orders were directed or non-directed orders, and the time of the transactions, if any, that resulted from the orders. If you would like to request this information with respect to any order you have placed, please contact Front Office Surveillance Group at FrontOfficeTradeSurveillance@Truist.com,.
This electronic communication has been prepared by Truist Securities, Inc.’s Equity Capital Markets Desk for distribution to Truist Securities, Inc. clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional - accounts, as defined within FINRA Rule 4512(c) , who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons. This communication is not a product of Truist Securities, Inc.’s Research Department. The information contained herein may include summaries and references to recently published research notes and/or reports by Truist Securities, Inc.’s Research Department. For complete details on the specific companies mentioned, including analyst certification, valuations, and important investment banking related disclosures, you should refer to the most recently published note or report, which is available through https://truistresearch.bluematrix.com/client/login.jsp. You may also find complete disclosure information on all companies covered by Truist Securities, Inc.’s Equity Research Department at https://truist.bluematrix.com/sellside/Disclosures.action. This communication may also include market commentary prepared by the individual author on specific companies or instruments that Truist Securities, Inc.’s Research Department may or may not cover. Unless otherwise specifically stated, any view or opinion expressed herein is solely those of the individual author and may differ from the views and opinions expressed by Truist Securities, Inc.’s Research Department or other divisions of Truist Securities, Inc. and its affiliates. This communication is provided for information purposes only and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or financial instrument. This communication is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation. Therefore it is not a sufficient basis alone on which to base an investment decision. Should this communication also include an attached research report produced by Truist Securities, Inc.’s Research Department, it will be appropriately labeled. Truist Securities, Inc. and its affiliates may have positions (long or short), effect transactions or make markets in the securities or financial instruments mentioned herein. Truist Securities, Inc. may also provide advice or loans to, or participate in the underwriting or restructuring of the obligations of the issuers mentioned herein. In addition, Truist Securities, Inc.’s trading desk may have acted on the basis of this communication and/or attached research report. The information contained herein is as of the date and time referenced above and Truist Securities, Inc. does not undertake any obligation to update such information. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Past performance is not indicative of future results. The investments discussed may fluctuate in price or value. Changes in rates of exchange may have an adverse effect on the value of investments. Transactions involving financial instruments mentioned herein may not be suitable for all investors. Truist Securities, Inc. does not accept any liability whatsoever for any losses (whether direct, indirect, or consequential) arising from reliance on the content of the information contained herein. Further, readers understand, acknowledge and agree that it is their responsibility to determine the risks of each transaction entered in their accounts and specifically agree to hold Truist Securities, Inc. harmless for any such investment decisions or losses resulting from their transactions.
Supporting documentation or any claims, comparisons, recommendations, statistics or other technical data will be supplied upon request. Truist Securities, Inc. is a member of FINRA and SIPC.
IRS Circular 230 Disclosure:
Truist Securities, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with Truist Securities, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
Copyright 2020 Truist Securities, Inc. All rights reserved. This report or any portion hereof may not be reprinted, sold or redistributed without the written consent of Truist Securities, Inc.
Prepared by Truist Securities' Capital Markets Desks for Institutional Investor use only as defined by FINRA. May include summaries/references to recently published research notes and/or reports by Truist Securities Research. This may contain information and opinions on securities that differ from, or are not covered by, the Truist Securities Research Department. Readers shall determine the risks of each transaction entered in their accounts and specifically agree to hold Truist Securities harmless for any such investment decisions or losses resulting from their transactions. Supporting documentation supplied upon request. Truist Securities, Inc. is a member of FINRA and SIPC.
MUNICIPAL ADVISOR RULE; DISCLOSURES FOR MUNICIPAL ENTITIES AND OBLIGATED PERSONS: In entering into this transaction with you, none of Truist Securities, Inc. or any of its affiliates has recommended an action to you as a municipal entity or obligated person (if such terms are applicable to you). Truist Securities has provided you only information of a general nature and is not acting as an advisor to you and does not owe a fiduciary duty pursuant to Section 15B of the Exchange Act to you with respect to any information which Truist Securities may have communicated to you. Truist Securities is acting for its own interests. You should discuss any information or material provided to you with any and all internal or external advisors and experts that you deem appropriate before acting on any information or material.
This electronic communication has been prepared by Truist Securities, Inc.’s Debt Trading Desk for distribution to Truist Securities, Inc. (“Truist Securities”) clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional accounts, as defined within FINRA Rule 4512(c), who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons. This communication is not intended for retail investors (including any “retail customer” as defined in Regulation Best Interest). Any trading desk commentary may be inconsistent, and reach different conclusions, with other Truist Securities trading desk material. Truist Securities is under no obligation to bring them to the attention of recipients of this information. This communication may also include market commentary prepared by the individual author on specific companies. The person distributing any trading desk commentary may have already provided any strategy or idea to the Truist Securities Debt Trading Desk, which may have already acted on the strategy or idea. Truist Securities and its affiliates may seek to do business with the companies mentioned in such material and may have either a long or short position in the securities or products mentioned in such material.
This communication is provided for information purposes only and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or financial instrument. This communication is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation. Therefore it is not a sufficient basis alone on which to base an investment decision. Truist Securities and its affiliates may have positions (long or short), effect transactions or make markets in the securities or financial instruments mentioned herein. Truist Securities may also provide advice or loans to, or participate in the underwriting or restructuring of the obligations of the issuers mentioned herein. The information contained herein is as of the date and time referenced above and Truist Securities does not undertake any obligation to update such information. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Past performance is not indicative of future results. The investments discussed may fluctuate in price or value. Changes in rates of exchange may have an adverse effect on the value of investments. Transactions involving financial instruments mentioned herein may not be suitable for all investors. Truist Securities does not accept any liability whatsoever for any losses (whether direct, indirect, or consequential) arising from reliance on the content of the information contained herein.
Truist Securities is a registered broker-dealer and a member of FINRA and SIPC. It is a service mark of Truist Financial Corporation. All rights reserved. Truist Securities is owned by Truist Financial Corporation and affiliated with SunTrust Investment Services, Inc. and BB&T Securities, LLC. Despite this affiliation, securities recommended, offered, sold by, or held at Truist Securities, SunTrust Investment Services, Inc. or BB&T Securities, LLC (i) are not insured by the Federal Deposit Insurance Corporation; (ii) are not deposits or other obligations of any insured depository institution (including Truist Bank); and (iii) are subject to investment risks, including the possible loss of the principal amount invested. Truist Bank may have a lending relationship with companies mentioned herein.
The securities described in trading desk commentary are subject to numerous risks, including credit risk of the underlying instrument or issuer, market risk and liquidity risk. Truist Securities and its affiliates are under no obligation to make a market or otherwise provide liquidity in any instrument mentioned in such commentary.
Rule 144A securities may be offered or sold only to Qualified Institutional Buyers (“QIBs”) as defined within the meaning of Rule 144A under the Securities Act of 1933, as amended. Securities discussed in any trading desk commentary may be rated below investment grade and should only be considered for speculative purposes.
Truist Bank (“Truist”) is not recommending an action to you as a municipal entity or obligated person. Truist is not acting as an advisor to you and does not owe a fiduciary duty pursuant to Section 15B of the Exchange Act to you with respect to the information and material contained in this communication. Truist is acting for its own interests. You should discuss any information and material contained in this communication with any and all internal or external advisors and experts that you deem appropriate before acting on this information or material. Important information contained herein has been derived from sources believed to be reliable but is not guaranteed as to accuracy and does not purport to be a complete analysis of the security, company or industry involved All prices, yields and opinions are subject to change due to market forces and other conditions. This communication is not to be construed as an offer to sell or a solicitation to buy any security. Truist or its affiliates may have a position in the securities referenced. In selling securities, Truist may act as principal for our own account or as agent for our customers or others. An affiliate of Truist may also have acted as underwriter for the issuers of such securities, and either we or our affiliates may currently be providing investment banking or traditional banking services to those issuers. Additional information is available on request. The information contained in this message is intended only for the confidential use of the designated recipient. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately. Thank you.
Truist is a service mark of Truist Financial Corporation.
MSRB G-10 Disclosures: Investor and Municipal Advisory Client Education and Protection
Truist Securities, Inc. is registered with the Municipal Securities Rulemaking Board (MSRB) and the U.S. Securities and Exchange Commission as a broker-dealer. The MSRB website address is www.msrb.org. An investor brochure that describes the protections available under the MSRB rules and how to file a complaint with an appropriate regulatory authority may be obtained on the MSRB website.
Nothing herein constitutes an offer or recommendation to enter into any "swap" or trading strategy involving a "swap" within the meaning of Section 1a(47) of the Commodity Exchange Act. Any such offer or recommendation, if any, will only occur after we have received appropriate documentation from you regarding whether you are qualified to enter into a swap under applicable law.
Truist Bank ("Truist") is not recommending an action to you as a municipal entity or obligated person. Truist is not acting as an advisor to you and does not owe a fiduciary duty pursuant to Section 15B of the Exchange Act to you with respect to the information and material contained in this communication. Truist is acting for its own interests. You should discuss any information and material contained in this communication with any and all internal or external advisors and experts that you deem appropriate before acting on this information or material.
Important information contained herein has been derived from sources believed to be reliable but is not guaranteed as to accuracy and does not purport to be a complete analysis of the security, company or industry involved All prices, yields and opinions are subject to change due to market forces and other conditions. This communication is not to be construed as an offer to sell or a solicitation to buy any security. Truist or its affiliates may have a position in the securities referenced. In selling securities, Truist may act as principal for our own account or as agent for our customers or others. An affiliate of Truist may also have acted as underwriter for the issuers of such securities, and either we or our affiliates may currently be providing investment banking or traditional banking services to those issuers. Additional information is available on request.
The information contained in this message is intended only for the confidential use of the designated recipient. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately. Thank you.
Truist® is a federally registered service mark of Truist Financial Corporation.
This content has been prepared by Truist Securities Inc. (“Truist”). This information is provided solely to you and at your specific request. The information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The information may be based on (a) data that may no longer be current, (b) estimates that may involve highly subjective assessments and (c) models that may change from time to time and be different from the assumptions and models used by another person or Firm. The valuations shown are not actual market prices at which an offer would be made for unwinding any transactions, but rather approximations of market values. These valuations do not include a bid/offer spread that would be reflected in an actual price quotation. These valuations are for information purpose only, are intended solely for your use and do not constitute advice. Valuations based on other models or assumptions may yield different results. Just as actual dealing prices vary from dealer to dealer, you should assume that valuations from other dealers would be different. These differences may be substantial depending on what model or assumptions other dealers use. Truist has no obligation to provide you with this information and may cease doing so at any time in our sole and absolute discretion. This document is confidential, and no part of it may be reproduced or distributed without written permission from Truist Securities Inc. Truist Securities Inc. is a registered U.S. Broker Dealer, member FINRA and SIPC.