Ocean Financial | Disclosures
Disclosures
Ocean Financial Services is a U.S. Securities and Exchange Commission (SEC) registered broker-dealer member of the Financial Industry Regulatory Authority (FINRA) and the Securities Protection Investor Corporation (SIPC). OFS unique broker-dealer identifying number or CRD number is 164289. You may use this number to search for important information about OFS, including business, disciplinary history, fees and charges and potential conflict of interests by visiting www.investor.gov. There you will also find our latest Relationship Summary. Ocean Financial Advisors (OFA) is a State of Florida registered investment advisor. None of the SEC, FINRA, State of Florida or SIPC have endorsed this website or the services and products provided by OFS or OFA. Securities products and brokerage services are provided by OFS, and investment advisory services are provided by OFA. OFS and OFA are affiliated by common ownership and may maintain mutually associated personnel. There is no material conflict of interest between OFS and OFA, however, be aware that not all OFS registered representatives may offer investment advisory services under OFA.
OFS clears on a fully disclosed basis through AXOS clearing and Pershing, LLC. In regards to Pershing, LLC, OFS clears through it via a tri-party agreement OFS has entered with Insigneo Securities. Insigneo Securities is an unaffiliated broker dealer.
OFS will make all efforts to only recommend and/or solicit investments that are in your best interest. Please be aware that the investment views or strategies described herein may not be suitable for all investors and are subject to investment risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation does not guarantee a profit or protect against loss. Nothing in the website should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g.: equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are consistent and in your best interest based on your needs and objectives. You must also consider the objectives, risks, charges and expenses associated with an investment service, product or strategy prior to making an investment decision.Please note that all investments in securities involve risk, and there is no guarantee that a particular investment recommended by OFS will result in profits (or avoid losses). Please note that specific products may have individual costs, risks and characteristics. As a result, while we will explain all costs and fees associated with a specific investment, please ensure that you read all relevant material and understand the risk characteristics, fees and costs associated with implementing the given recommendations.
Equities and equity mutual funds are subject to the risk of rising and falling stock prices and have tended to be more volatile than mutual funds that invest in fixed income securities. Mutual funds concentrated in an economic sector or geographical region will also be more volatile; so, too, are mutual funds concentrated in non-U.S. investments versus U.S.-based investments. Offshore mutual funds are subject to the same market risks as onshore mutual funds, such as general economic conditions and company and industry prospects. However, offshore mutual funds may be subjected to higher degree of loss due to political, economic, legal, regulatory, and operational uncertainties, differing accounting and financial reporting standards, limited availability of information, currency conversion and pricing factors affecting investment in the securities of foreign businesses or governments. Bond mutual funds fluctuate in value with changes in interest rates, and lower-rated bonds involve higher credit risk and may be speculative investments. Trading in Exchange Traded Funds (ETFs) involves risks including the potential for losses. Leveraged and Inverse ETFs are also risky and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies.
International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside your country can increase or diminish returns. Overseas markets may not be as politically and economically stable.
Certain products and services may not be available to investors residing in certain jurisdictions or states of the United States and a conflict of interest exists where OFS receives compensation regardless of the profit or loss in the account. When this situation arises, we will notify you prior to you making an investment decision.
Past performance is no guarantee of current or future results. Investment products may be subject to investment risks involving, but not limited to, possible loss of all or part of the principal invested. It is important to note the investment products discussed herein are subject to, among other things, availability, change in price, market conditions, interest rate, liquidity and credit risk. Market values can fluctuate daily due to economic and other events such as natural disasters, health crises, terrorism, conflicts and social unrest that affect markets, economies, countries, companies or governments.
The investment products offered exclusively by Ocean Financial Services, LLC are not insured by the FDIC, not a deposit or other obligation of, or guaranteed by the bank and are subject to investment risk, including the possible loss of the principal amount invested.
Content on this website may also include forward-looking statements and all statements other than statements of historical fact are to be considered forward-looking and subjective including words such as “believe,” “estimate,” “anticipate,” “may,” “will,” “should” and “expect”. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can provide no assurance that such expectations will prove to be correct. Many factors including changing market conditions and global political and economic events could cause actual outcomes, results or performance to differ materially from those discussed in such forward-looking statements. OFS or any of its affiliates shall not be responsible for the consequences of reliance upon any opinion or statements contained herein, and expressly disclaims any liability, including incidental or consequential damages, arising from any errors, omissions or misuse.
No legal or tax advice
OFS or any of its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT OR ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all U.S. financial institutions to obtain, verify and record information that identifies each individual or legal entity that opens an account or establishes a customer relationship with OFS. Federal law also requires all U.S. financial institutions to obtain, verify and record information that identifies the beneficial owners of a legal entity that opens an account or establishes a customer relationship.
The U.S. Securities and Exchange Commission client disclosure rule, Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer relationship with such venues. With trades being performed through our clearing firms, please clink on the links below for more details about order routing practices:
Axos: https://external.s3.com/rule606/axos/
Pershing, LLC: https://www.pershing.com/content/dam/pershing/documents/pdfs/disclosures/per-order-routing-sec-rule-606.pdf
WARRANTY AND LIMITATION OF LIABILITY
THE ACCURACY, COMPLETENESS AND TIMELINESS OF THE INFORMATION CONTAINED ON THIS SITE CANNOT BE GUARANTEED. OFS DOES NOT WARRANTY, GUARANTEE OR MAKE ANY REPRESENTATIONS, OR MAKE ANY IMPLIED OR EXPRESS WARRANTY OR ASSUME ANY LIABILITY WITH REGARD TO THE USE OF THE INFORMATION IN THE SITE. OFS IS NOT LIABLE FOR ANY HARM CAUSED BY THE TRANSMISSION, THROUGH ACCESSING THE SERVICES OR INFORMATION ON THIS SITE, OF A COMPUTER VIRUS, OR OTHER COMPUTER CODE OR PROGRAMMING DEVICE THAT MIGHT BE USED TO ACCESS, DELETE, DAMAGE, DISABLE, DISRUPT OR OTHERWISE IMPEDE IN ANY MANNER, THE OPERATION OF THE SITE OR OF ANY USER'S SOFTWARE, HARDWARE, DATA OR PROPERTY. THE USE OF THIS WEBSITE IS AT YOUR OWN RISK. OFS HAS NO DUTY, RESPONSIBILITY OR OBLIGATION TO UPDATE OR CORRECT ANY INFORMATION IN THE SITE. THE ACCURACY, COMPLETENESS AND TIMELINESS OF THE INFORMATION CONTAINED IN THIS SITE ARE NOT GUARANTEED. OFS DOES NOT WARRANTY, GUARANTEE OR MAKE ANY REPRESENTATIONS, OR MAKE ANY IMPLIED OR EXPRESS WARRANTY OR ASSUME ANY LIABILITY WITH REGARD TO THE USE OF THE INFORMATION IN THE SITE.
Copyrights, Trademarks and Restrictions on the Use of Materials
You acknowledge and agree that this website contains “Content” (including information, data, software, photographs, graphics, text, images, logos, icons, typefaces, audio and video material, and other material) that is protected by copyrights, trademarks or other proprietary rights, and that these rights are valid and protected in all forms, media and technologies existing now or later developed. The Content is the property of OFS, except as otherwise stated. The compilation (meaning the collection, arrangement and assembly) of all Content on the website is the exclusive property of OFS and is protected by U.S. and international copyright and trademark laws. You may not copy, modify, remove, delete, augment, add to, publish, transmit, participate in the transfer, license or sale of, create derivative works from or in any way exploit any of the Content, in whole or in part, except as specifically permitted herein. If no specific restrictions are displayed, you may make one copy of select portions of the Content, provided that: (1) the copy is made only for your personal information and non-commercial use; (2) you do not alter or modify the Content in any way; and (3) you maintain any notices contained in the Content, such as all copyright notices, trademark legends or other proprietary rights notices. Except as provided in the preceding sentence or as permitted by the fair use privilege under U.S. copyright laws, you may not upload, post, reproduce, perform or distribute any Content in any way without obtaining the express permission of OFS.
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