Research Capital USA Inc. ("RC USA") is wholly-owned subsidiary of Research Capital Corporation. Our professionals, based in Toronto and Montréal provides institutional investors in the USA with superior research coverage, market intelligence and distribution/placement capability. Our product and competitive advantage is our in-depth knowledge of the growth company market, including knowledge of companies, industries, managements, investors and valuations.
From technology to natural resources, we provide institutional investors with innovative investment ideas and powerful execution capability. Our focus is on small to mid-capitalization companies that offer superior potential for growth. We are independent and impartial.
Our specialized approach, reputation for quality and integrity, and strong relationships with institutional investors has made Research Capital a leader in identifying winning investment ideas.
| Toronto | Montreal |
|---|---|
| Mike House (416) 860-7753 | Mark Shannon (514) 399-1521 |
| Jonathan Samahin (416) 860-7755 | Pierre Gendron (514) 399-1522 |
To protect our firm and our clients and pursuant to FINRA and SEC regulation, RC USA has a Business Continuity Plan ("BCP") in place to prepare for the possibility of future significant business disruptions ("SBD") ranging in severity from a firm only disruption to a regional disruption. RC USA's recovery time from an SBD will depend on the severity and significance of the event. RC USA estimates the recovery time to range from three to forty eight hours.
RC USA has a functional facility located in Montréal, Québec providing an alternative location from which it can reasonably operate under such a SBD. RC USA's electronic records are backed-up to a secure off-site location on a daily basis. In the event of a catastrophic failure on a scale up to and including a citywide disruption, RC USA will continue business operations from this alternate facility. Clients will continue to contact us via phone at (514) 399-1521.
If you have any questions regarding this summary or would like a copy sent to you by mail, please call 416-860-8630.
On November 17, 2000, the Securities and Exchange Commission ("SEC") adopted two rules concerning disclosure of order-execution and routing practices. The second of those rules, Rule 11Ac1-6, requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. In addition, the Rule requires broker-dealers to provide customers on request, a written copy of the report of the venues to which the customer's individual orders were routed. The SEC adopted the rules to increase the visibility of execution quality of the U.S. securities markets for public investors.
For purposes of the Rule, the term "customer order" is defined as any order that is not for the account of a broker-dealer. The definition of "customer order" excludes any order for a quantity of a security having a market value of at least $200,000 for equity orders and $50,000 for options orders. The Term "covered securities" includes exchange-listed equities and Nasdaq National Market securities as well as Nasdaq Small Cap equities and listed options. Large orders are excluded in recognition of the fact that a general overview of order routing practices is more useful for smaller orders that tend to be homogeneous.
Rule 11Ac1-6 applies to all types of orders (e.g., pre-opening orders and short sale orders), but broker-dealers must give an overview of their routing practices only for non-directed orders. The Rule defines a "non-directed order" as any customer order other than a directed order. A "directed order" is defined as a customer order that the customer specifically instructs the broker-dealer to route to a particular venue for execution. Consequently, all customer orders are non-directed orders in the absence of a specific customer instruction on where they are to be routed.
The Rule 11Ac1-6 reports are available for RC USA by request. Please contact the Chief Compliance Officer at (416) 860-8630.
Member FINRA
Research Capital (USA) Inc. is a member of SIPC.
