Canaccord Adams maintains the following policies and makes the following disclosures. For more detail, please visit:
LEGAL DISCLAIMERS
TERMS AND CONDITIONS
Please read these terms and conditions carefully. By accessing this Web site, you agree to be bound by the terms and conditions below. These terms and conditions are subject to change. We will notify you of amendments to these terms and conditions by posting them to this web page. If you do not agree with these terms and conditions, please do not access this website.
Unauthorized use of the Canaccord Adams' websites and systems, including but not limited to unauthorized entry into Canaccord Adams' systems, misuse of any passwords, or misuse of any information posted to a site, is strictly prohibited.
You acknowledge that Canaccord Adams may disclose and transfer any information that you provide through this website: (i) in order to provide a service or complete a transaction that you request or authorize, (ii) as otherwise required or permitted by the laws and industry standards that apply to Canaccord Adams, or (iii) to any company within the Canaccord Adams' family of affiliated companies. You consent to the transmission, transfer, or processing of such information as we deem necessary or appropriate and, by using and providing information through this website, you agree to such transfers.
Use of this website may be monitored, tracked, and recorded. Anyone using this website expressly consents to such monitoring, tracking, and recording.
Web Content and Materials
The information on this website is for information purposes only. It is believed to be reliable, but Canaccord Adams' does not warrant its completeness, timeliness, or accuracy, nor in providing it does Canaccord Adams assume any liability. Nothing on this website should be construed as a solicitation or offer or recommendation to acquire or dispose of any security or financial instrument or to engage in any other transaction.
The information and materials contained in this website, and the terms and conditions of the access to and use of such information and materials, are subject to change at any time without notice. Any products and services may differ among geographic locations.
You agree that: (i) you will not engage in any activities related to this website that are contrary to applicable law, regulation or the terms of any agreements you have with Canaccord Adams', and (ii) in circumstances where locations of this website require identification for access, you will establish commercially reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals.
Canaccord Adams' or its suppliers may discontinue or make changes in the information, products, or services described herein at any time without prior notice to you and without any liability to you. Any dated information is published as of its date only, and Canaccord Adams does not undertake any obligation or responsibility to update or amend any such information. Canaccord Adams reserves the right to terminate any or all website information, offerings, or transmissions without prior notice to the user. Furthermore, by offering this website and information, products, or services via this website, no distribution or solicitation is made by Canaccord Adams to any person to use this website or such information, products, or services in jurisdictions where the provision of this and such information, products, or services is prohibited by law.
Limitation of Liability
Canaccord Adams makes no warranty, express or implied, concerning this service. The services provided by Canaccord Adams' and its third-party providers are on an "AS IS" basis at your sole risk. AH expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including without limitation any warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability.
Potential Disruption of Service
As a result of high Internet traffic, transmission problems, systems capacity limitations, and other problems, you may, at times, experience difficulty accessing this website or communicating with Canaccord Adams through the Internet or other electronic and wireless services. Any computer system or other electronic device, whether it is yours, an Internet service providers, or Canaccord Adams', can experience unanticipated outages or slowdowns, or have capacity limitations.
Copyright Notices
The works of authorship contained in this website, including but not limited to all design, text, sound recordings, and images, are owned, except as otherwise expressly stated, by Canaccord Adams' or its affiliated companies. Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use, or otherwise used in whole or in part in any manner without Canaccord Adams' prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. §107), as amended, and then only with notices of Canaccord Adams' proprietary rights, provided that you may download information and print out hard copy for your personal use, so long as you do not remove any copyright or other notice as may be contained in information as downloaded.
Trademark Notices
"Canaccord Adams," "Healthy Living," "Emerging Growth at Canaccord Adams," "Advanced Enabling Materials," "Design to Build," "Synergistic Magnetism," and the Canaccord Adams logo are trademarks of Adams Harkness. Other featured words or symbols used to identify the source of goods and services may be the trademarks of their respective owners.
Links to Other Sites
Links to non- Canaccord Adams websites are provided solely as pointers to information on topics that may be useful to users of the Canaccord Adams websites, and Canaccord Adams has no control over the content on such non-Canaccord Adams websites. If you choose to link to a website that is not controlled by Canaccord Adams, Canaccord Adams makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability, or suitability thereof for any particular purpose, nor does Canaccord Adams warrant that such site or content is free from any claims of copyright, trademark, or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. Canaccord Adams does not guarantee the authenticity of documents on the Internet. Links to non-Canaccord Adams sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information, or services offered at such sites, or any representation regarding the content at such sites.
Investment-related Issues
The Canaccord Adams website provides examples of information and services we provide to our customers. Information contained in the website is based on sources we believe to be reliable but it is neither all-inclusive nor guaranteed to be accurate. Canaccord Adams has not independently verified the facts, assumptions, and estimates contained herein and, accordingly, makes no representation or warranty, express or implied, concerning the fairness, quality, accuracy, completeness, performance, timeliness, or continued availability of the information and opinions contained herein. Opinions reflect our judgment at a particular time and are subject to change due to economic, industry, and firm-specific factors. We do not undertake to any obligation or responsibility to update such opinions. The material provided in our website is for informational purposes only, and should not be construed as an offer or solicitation to buy or sell securities. Investors should obtain individual financial advice based on their own circumstances before making an investment decision. The securities mentioned in this website may not be eligible for sales in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates. Past performance is not a guarantee of future performance of an investment. The value of investments may fall as well as rise, and investors may not get back the amount invested.
In addition to the relationships disclosed concerning the subject company(ies), Canaccord Adams may make a market, deal as principal, have managed or co-managed a public offering, acted as initial purchaser or placement agent for a private placement, performed other investment-banking services, or have a principal or employee acting as a director for any company mentioned in this website. For securities discussed in our research reports, Canaccord Adams and its affiliates, principals or employees, other than the research analyst covering the particular securities, may have a position in such securities or own options, rights, or warrants to purchase such securities.
Additional information is available upon request.
PRIVACY POLICY (Customers of Canaccord Adams Inc.)
As a Canaccord Adams' client, you have entrusted to us your assets and your personal and financial data. We recognize that your relationship with us is based on trust, and that you expect us to act responsibly and in your best interest. Because your personal and financial information is private, we hold ourselves to the highest standards in its safekeeping and use.
We may collect non-public personal information about you from the following sources:
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Information we receive from you on account applications or other forms, such as your name, address, telephone number, social security number/social insurance number, income, assets, and investment objectives;
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Information about your transactions with us, our affiliates, or others, such as your account numbers and balances, investment activity, and other transaction information; and
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Information from employers that administer employee benefits programs through us.
We have adopted polices and procedures that are reasonably designed to ensure the security and confidentiality of customer information which includes consumer report information. In addition, these policies and procedures are designed to prevent unauthorized access to or use of customer records or information that could result in substantial harm or inconvenience to any customer.
We use the information described above when administering your account. We may disclose non-public personal information in order to provide a service or complete a transaction that you request or authorize, or as otherwise required or permitted by the laws and industry standards that apply to us (i.e. anti-money laundering, regulatory requests). We may also disclose nonpublic personal information within our family of affiliated companies in order to inform you of other financial products and services that we offer.
We restrict access to non-public personal information about you to our employees who need to access the information to provide products and services to you. We maintain physical, electronic and procedural safeguards to protect your nonpublic personal information. Confidential customer information is destroyed or shredded prior to disposal.
Our privacy policies and procedures will continue to apply to your information even if your account is no longer active.
For your protection, we recommend that you do not provide your account information to anyone. If you become aware of any suspicious activity relating to your account, please contact us immediately.
You may receive notices of changes to our privacy policies and procedures or periodic updates of this notice, as required by law.
At Canaccord Adams, we are proud of the trust and confidence we have earned from you. We will continue to earn that trust and confidence by keeping your non-public personal information secure and confidential.
In the United States, please contact Canaccord Adams Inc. at 1.800.225.6201 or 1.617.317.3900 or in writing to Canaccord Adams Inc., 99 High Street, Suite 1200, Boston, MA, 02110.
PRIVACY POLICY (Customers of Canaccord Adams, a division of Canaccord Financial Ltd.)
As a Canaccord Adams' client, you have entrusted to us your assets and your personal and financial data. We recognize that your relationship with us is based on trust, and that you expect us to act responsibly and in your best interest. Because your personal and financial information is private, we hold ourselves to the highest standards in its safekeeping and use.
We may collect non-public personal information about you from the following sources:
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Information we receive from you on account applications or other forms, such as your name, address, telephone number, social security number/social insurance number, income, assets, and investment objectives;
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Information about your transactions with us, our affiliates, or others, such as your account numbers and balances, investment activity, and other transaction information; and
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Information from employers that administer employee benefits programs through us.
We have adopted polices and procedures that are reasonably designed to ensure the security and confidentiality of customer information which includes consumer report information. In addition, these policies and procedures are designed to prevent unauthorized access to or use of customer records or information that could result in substantial harm or inconvenience to any customer.
We use the information described above when administering your account. We may disclose non-public personal information in order to provide a service or complete a transaction that you request or authorize, or as otherwise required or permitted by the laws and industry standards that apply to us (i.e. anti-money laundering, regulatory requests).
We restrict access to non-public personal information about you to our employees who need to access the information to provide products and services to you. We maintain physical, electronic and procedural safeguards to protect your nonpublic personal information. We keep your information only as long as we need it for the products and services you are using, to offer you products and services when you are a client and for a reasonable time thereafter, or to meet any legal requirements. We have industry regulated retention standards, which we must also meet. We shred/destroy your information when it is no longer needed, or we remove your name from the information. Our privacy policies and procedures will continue to apply to your information even if your account is no longer active.
For your protection, we recommend that you do not provide your account information to anyone. If you become aware of any suspicious activity relating to your account, please contact us immediately.
It is important that your account information is accurate and complete as decisions are often made based on it. As a client, you can check the information held in our files to verify, update and correct it, and to have any obsolete information removed. We encourage you to amend inaccuracies and make corrections as often as necessary. Despite our best efforts, errors sometimes do occur. Should you identify any incorrect or out-of-date information in your file(s), we will make the proper changes and provide you with a copy of the corrected information. Where appropriate, we will communicate these changes to other parties who may have unintentionally received incorrect information from us.
We will deal quickly with your request to see your information, and always respond to you within 30 days. If we need to extend the time, or we have to refuse your request, we will tell you why, subject to any legal restrictions, and we will notify you of the new deadline, the reasons for the extension, and your rights under applicable legislation respecting the extension.
You may receive notices of changes to our privacy policies and procedures or periodic updates of this notice, as required by law.
At Canaccord Adams, we are proud of the trust and confidence we have earned from you. We will continue to earn that trust and confidence by keeping your non-public personal information secure and confidential.
Canaccord Adams has a designated Privacy Officer who oversees privacy governance including policy, dispute resolution, education, and communications'. Findings are reported to our Board of Directors and Senior Management. The Privacy Officer/s can be contacted as follows:
In Canada contact our Privacy Officer, Dianne R. Jackson via email at privacy@canaccord.com or in writing to Canaccord Financial Inc., P.O. Box 10337 Pacific Centre, 2200 - 609 Granville Street, Vancouver B.C. V7Y 1H2
RESEARCH DISSEMINATION POLICY
Fair Dissemination of Investment Research Reports
To the extent reasonably practicable, Investment Research will be disseminated contemporaneously to all of the Canaccord Adams' customers who are entitled to receive the firm's Investment Research. Until such time, Authoring Analysts will not discuss the contents of their Investment Research with Sales and Trading or Investment Banking employees. In addition, upon its dissemination, the most recent Investment Research for each Designated Issuer in the firm's research universe will be posted on Canaccord Adams' website and will be available simultaneously for access by all of the Canaccord Adams' customers who are entitled to receive the firm's Investment Research.
Compendium Investment Research Disclosures
To request specific disclosures pertaining to the subject companies of any Compendium Investment Research, please contact us at disclosures@canaccordadams.com or send a request to:
Canaccord Adams
Attn: Research Disclosures
P.O. Box 10337 Pacific Centre
2200 - 609 Granville Street
Vancouver, British Columbia
V7Y 1H2
Canaccord Adams Research Disclosures are available through our Online Disclosure Database.
SEC REQUIRED DISCLOSURE OF ORDER EXECUTION AND ROUTING INFORMATION
Canaccord Adams trades National Market System Securities as a market maker in the Over-the-Counter market. Pursuant to Rule 605 adopted by the Securities and Exchange Commission, Canaccord Adams is presenting certain information with respect to orders executed during the preceding month. You can obtain this information by accessing the following links: http://www.tta.thomson.com/msi/public1_5.html
(http://www.tagaudit.com/rule5.asp?user=adam for data prior to October 2007)
Pursuant to Rule 606 adopted by the Securities and Exchange Commission, Canaccord Adams is presenting certain information with respect to orders executed during the preceding quarter. You can obtain this information by accessing the following links: http://www.tta.thomson.com/reports/ (http://www.tagaudit.com/rule6.asp?user=adam for data prior to October 2007) or quarterly reports are available upon request.
Please note that the vast majority of Canaccord Adams' customer trading activity is institutional in nature. Due to the size and trading strategies employed by these customers, most institutional orders are not subject to or relevant for Rule 605 or 606 reporting.
The SEC requires that the disclosure of a market center's order execution information be made available in an electronic data file, standard, pipe delimited, ASCII format, and compressed using standard Zip compression.
To effectively download and open Canaccord Adams' order execution information, installation of a Zip utility program such as WinZip (www.winzip.com) is required.
For an explanation of how to read these data, please refer to the SEC instructions for data presentation found in "Downloadable File Structure and Naming Conventions" on the www.tta.thomson.com or www.tagaudit.com website.
If you have any questions regarding this information, please contact us at disclosures@canaccordadams.com.
BUSINESS CONTINUITY PLAN NOTICE
Canaccord Adams is committed to providing a consistently high level of service to its clients. Certain events beyond the control of the firm could impact our ability to meet this goal. These events, or significant business disruptions, may include temporary inability to access facilities due to storms or local or regional power outages; natural disasters such as fire, flood, or hurricane; or intentional malicious attacks on facilities, systems, or personnel. In accordance with NASD Rules 3510 and 3520, NYSE Rule 446, and IIROC By-Law 17.19, Canaccord Adams has developed and maintains a Business Continuity Plan (BCP) to address the impact of potential significant business disruptions. The BCP has been reasonably designed to enable Canaccord Adams to provide for continued operations of critical functions to meet its obligations to customers.
Canaccord Adams has designated a senior executive in charge of its business continuity program who is responsible for conducting an annual review of the plan. Named business continuity representatives are responsible for maintaining the plan to reflect any material changes to the firm's operations, structure, business, or locations. Additionally, the business continuity representatives are called upon to lead the resumption of operations should a significant business disruption occur.
The Canaccord Adams' BCP assesses the financial and operational risks of varying degrees of significant business disruptions, including building, citywide, and regional events. It identifies plans to protect and restore critical business processes, records, data, systems, and facilities. Depending on the nature of the disruption, our goal is to restore the most critical functions within a matter of hours, while less critical functions would be restored within several days. For security reasons, the specific details of our business resumption plan are not disclosed in this notice. However, Canaccord Adams would like its clients to know that our BCP provides for a wide range of business continuance mechanisms, such as power generators, redundant components, systems, and communication technologies, and the implementation of alternate work and computing facilities.
The BCP addresses methods for communicating to customers, employees, counter-parties and other constituents in the event of a disruption, as well as ongoing communication with and reporting to regulators. Finally, in the event that a serious disaster forces Canaccord Adams to discontinue operations, the plan addresses the mechanisms to provide customers with prompt access to their funds.
Canaccord Adams' BCP is subject to periodic review and modification. Should material changes to the plan occur, this notice will be updated accordingly. Customers may request more information regarding the Canaccord Adams' BCP by contacting bcp@canaccordadams.com.
ANTI-MONEY LAUNDERING (CUSTOMER IDENTIFICATION PROGRAM NOTICE)
Important Information You Need to Know About Opening A New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account.
This Notice answers some questions about Canaccord Adams' Customer Identification Program.
What types of information will I need to provide?
When you open an account, Canaccord Adams is required to collect information such as the following from you:
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Your name
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Date of birth
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Address
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Identification number:
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US Citizen: taxpayer identification number (social security number or employer identification number)
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Non-US Citizen: taxpayer identification number, passport number, and country of issuance, alien identification card number, or government-issued identification showing nationality, residence, and a photograph of you.
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You may also need to show your driver's license or other identifying documents.
A corporation, partnership, trust or other legal entity may need to provide other information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement, or a trust agreement.
US Department of the Treasury, Securities and Exchange Commission, FINRA, and New York Stock Exchange rules already require you to provide most of this information. These rules also may require you to provide additional information, such as your net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.
What happens if I don't provide the information requested or my identity can't be verified?
Canaccord Adams may not be able to open an account or carry out transactions for you. If we have already opened an account for you, we may have to close it.
We thank you for your patience and hope that you will support the financial industry's efforts to deny terrorists and money launderers access to the financial services industry.
© 2007. FINRA.
ANTI-MONEY LAUNDERING (CUSTOMER IDENTIFICATION PROGRAM NOTICE) (Customers of Canaccord Adams, a division of Canaccord Financial Ltd.)
Canaccord Adams, a division of Canaccord Financial Ltd., maintains policies equivalent to those described above, pursuant to the Federal Anti-Crime (Money Laundering) Anti-Terrorist Act and IIROC regulation 1300.1.
SEC SHORT SALE ORDER AMENDMENT OF SEPTEMBER 21, 2008
Pursuant to the SEC Amendment to Emergency Order Pursuant to Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action to Respond to Market Developments dated September 21, 2008 (the "Order"), market makers may not knowingly effect a short sale as part of bona fide market making and hedging activity related directly to bona fide market making in a derivative security based on a Covered Security, if the customer's or counterparty's transaction will result in the customer or counterparty establishing or increasing an economic net short position (i.e., through actual positions, derivatives, or otherwise) in the issued share capital of a firm covered by the Order.