Any complaints should be submitted to:
Hazlett Burt & Watson, Inc.
1300 Chapline Street
Disclosure of FINRA BrokerCheck
The Disclosure of FINRA BrokerCheck Program Hotline Number is 1-800-289-9999. You may obtain
further information pertaining to the Disclosure of FINRA BrokerCheck Program by
visiting their web site at www.brokercheck.finra.org
or by contacting our office at 304-233-3312.
E-mail sent through the Internet is not secure. Do not use e-mail to send us
confidential information such as credit card numbers, changes of address, PIN
numbers, passwords or other important information. Do not e-mail orders to buy or
sell securities, transfer funds, or send time sensitive instructions. Your e-mail
messages are not private in that its subject to review by Hazlett, Burt & Watson,
Inc.; it's officers, agents and employees
The following information pertains only to clients who are opening margin accounts
with HBW. A special customer
security hypothecation agreement must be signed.
Purchases of securities on credit, commonly known as margin purchases, enable you to
increase the buying power of
your equity and thus increase the potential for profit or loss. A portion of the
purchase price is deposited when
buying securities on margin, and credit is extended for the remainder. This loan
appears as a debit balance on
your monthly statement of account. Interest is charged on the debit balance and
requires you to maintain
securities, cash, or other property to secure repayment of funds advanced and
Interest will be charged for any credit extended to you for the purpose of buying,
trading, or carrying any
securities, for any cash withdrawals made against the collateral of securities, or
for any other extension of
credit. When funds are paid in advance of settlement on the sale of securities,
interest will be charged on
such amount from date of payment until settlement date. In the event that any other
charge is made to the account
for any reason, interest may be charged on the resulting debit balance.
The initial minimum amount of collateral, which you must provide when you buy
securities on margin is determined
by the rules of the Board of Governors of the Federal Reserve. The present initial
margin requirement is 50%.
(Thus, you must provide a minimum of 50% of the market value of the stock you
purchased on margin and credit is
extended to you for the balance of the purchase price.) The initial margin
requirement is subject to change by
the Federal Reserve Board without prior notice. In addition to the Federal Reserve
Board's initial margin
requirement, you must have a minimum of $5,000 equity every time you enter into a
new commitment in your
Interest will be charged to your account for any credit extended to you for the
purpose of buying or trading or carrying any securities or for other
The annual interest rates on borrowed funds shall be applied as follows:
|Average Debit Balance
||Interest to be Charged Above Brokers’ Call Money Rate
|$0 – $24,999
|$25,000 – $99,999
|$100,000 – and over
The rate at which interest is charged on your net debit balance is based upon the
broker's call money rate in
effect during the applicable interest period.
Adjustment of Rate Without Prior Notice: The annual rate of interest will change up or
down without prior notice
in accordance with shifts in the broker’s call money rate. If your interest rate is to
be increased for any other
reason, you will be provided with at least 30 days written notice prior to such
It is important that you understand the risks involved in trading securities on margin.
These risks include the following:
- You can lose more funds than you deposit in the margin account. A decline in the
value of securities you purchased on
margin may require you to provide additional funds or margin-eligible securities
to avoid the forced sale of any
securities or assets in your account.
- We can force the sale of securities or other assets in your account. If the
equity in your account falls below the
maintenance margin requirements or higher “house” requirements, we can sell the
securities or other assets in your
account to cover the margin deficiency. You also will be responsible for any
short fall in the account after such a
sale, possibly including costs related to collecting the short fall. If you are
a director, officer or 10% shareholder
of an issuer whose securities are sold to cover a margin deficiency in your
account, you could be liable to this issuer
for profits from the forced sale, as compared with any purchases you may have
made of securities of the same issuer
within six months of the sale (note that you could receive such a profit even if
a shortfall remains in the account
after the sale).
- Your securities or other assets can be sold without contacting you. Some
investors mistakenly believe that a firm
must contact them for a margin call to be valid, and that the firm cannot
liquidate securities or other assets in their
accounts to meet the call unless the firm has contacted them first. This is not
the case. Most firms will attempt to
notify their customers of margin calls, but they are not required to do so. In
addition, even if a firm has contacted
a customer and provided a specific date by which the customer can meet a margin
call, the firm can still take necessary
steps to protect its financial interests prior to that date, including
immediately selling the securities without notice
to the customer.
- You are not entitled to choose which securities or other assets in your account
are liquidated or sold to meet a
margin call. Because the securities and any other assets in your account are
collateral for the margin loan, we have
the right to decide which assets to sell in order to protect our interests.
- “House” maintenance margin requirements can be increased at any time and we are
not required to provide you advance
notice. These changes in firm policy often take effect immediately and may
result in the issuance of a maintenance
margin call. Your failure to satisfy the call may cause us to liquidate or sell
securities or any other assets in your
- You are not entitled to an extension of time on a margin call. While an
extension of time to meet margin requirements
may be available to customers under certain conditions, a customer does not have
a right to the extension.
- Short selling is a margin account transaction and entails the same risks as
described above. We can buy in your account
securities to cover a short position without contacting you, and may use all or
any portion of the assets in your account
to make such a purchase. If the assets in your account are not sufficient to
cover the cost of such a purchase, you will
be responsible for any shortfall, possibly including costs in collecting the
- The securities held in your margin account, which collateralize your margin
borrowing, can be loaned to others. As a
result of these loans, you may not be entitled to receive certain benefits of a
securities owner, such as the ability to
exercise voting rights and/or receive interest, dividends, and/or other
distributions with respect to the securities lent.
While a security in your account is lent, you may only be allocated and receive
substitute payments in lieu of such
interest, dividends, and/or other distributions. Substitute payments may not be
afforded the same tax treatment as
actual interest, dividends, and/or other distributions, and you may incur
additional tax liability for substitute
payments that you receive. We may allocate substitute payments in any manner
permitted by law, rule, or regulation,
including, but not limited to, by means of a lottery allocation method. You are
not entitled to any compensation in
connection with securities lent from your account or for additional taxes you
may be required to pay as a result of
any tax treatment differential between substitute payments and actual interest,
dividends, and/or other distributions.
In addition to market volatility, the use of bank card, checkwriting and similar
features with your margin account may
increase the risk of a margin call.
Opening New Accounts
To help the government fight the funding of terrorism and money laundering
activities, Federal law requires all financial
institutions to obtain, verify, and record information that identities each person
who opens an account. What this means
to you: When you open an account, we will ask for your name, address, date of birth
and other information that will allow
us to identify you. We may also utilize a third-party information provider for
verification purposes and/or ask for a copy
of your driver’s license or other identifying documents.
Mutual Fund Disclosure Statement
Before investing in mutual funds, it is important that you understand the sales
charges, expenses, and management fees
that you will be charged as well as the breakpoint discounts to which you may be
entitled. Understanding these charges
and breakpoint discounts will assist you in identifying the best investment for your
particular needs and may help you to
reduce the cost of your investment. This disclosure document will give you general
background information about these
charges and discounts; however, sales charges, expenses, management fees, and
breakpoint discounts vary from mutual fund
to mutual fund. Therefore, you should discuss these matters with your investment
professional and review each mutual
fund’s prospectus and statement of additional information (which are available from
your investment professional) to obtain
the specific information regarding the charges and breakpoint discounts associated
with a particular mutual fund.
Investors who purchase mutual funds must make certain choices, including which funds
to purchase and which share class is
most advantageous in light of their specific investing needs. Each mutual fund has a
specified investment strategy. You
need to consider whether the mutual fund’s investment strategy is compatible with
your investment objectives.
Additionally, many mutual funds offer different share classes. Although each share
class represents a similar interest in
the mutual fund’s portfolio, the mutual fund will charge you different fees and
expenses depending upon your choice of
share class. As a general rule, Class A shares carry a “front-end” sales charge or
“load” that is deducted from your
investment at the time you buy the fund shares. This sales charge is a percentage of
your total purchase. As explained
below, many mutual funds offer volume discounts to the front-end sales charge
assessed on Class A shares at certain
predetermined levels of investment, which are called “breakpoint discounts.” In
contrast, Class B and C shares usually do
not carry any front-end sales charges. Instead, investors who purchase Class B or C
shares pay asset-based sales charges,
which may be higher or lower than the charges associated with Class A shares.
Investors that purchase Class B or C shares
may also be required to pay a sales charge known as a contingent deferred sales
charge when they sell their shares,
depending upon the rules of the particular mutual fund.
Most mutual funds offer investors a variety of ways to qualify for breakpoint
discounts on the sales charge associated with
the purchase of Class A shares. In general, most mutual funds provide breakpoint
discounts to investors who make
large purchases at one time. The extent of the discount depends upon the size of the
purchase. Generally, as the
amount of the purchase increases, the percentage used to determine the sales load
decreases. In fact, the entire
sales charge may be waived for investors that make very large purchases of Class A
shares. Mutual fund prospectuses
contain tables that illustrate the available breakpoint discounts and the investment
levels at which breakpoint
discounts apply. Additionally, most mutual funds allow investors to qualify for
breakpoint discounts based upon
current holdings from prior purchases through Rights of Accumulation and from future
purchases based upon Letters
of Intent. Mutual funds have different rules regarding the availability of Rights of
Accumulation and Letters of
Intent. Therefore, you should discuss these matters with your investment
professional and review the mutual fund’s
prospectus and statement of additional information to determine the specific terms
upon which a mutual fund offers
Rights of Accumulation or Letters of Intent.
Rights of Accumulation—Many mutual funds allow investors to count the value of
previous purchases of the same fund,
or another fund within the same fund family, with the value of the current purchase
to qualify for breakpoint
discounts. Moreover, mutual funds may allow investors to count existing holdings in
multiple accounts, such as
individual retirement accounts (IRAs) or accounts at other financial organizations
to qualify for breakpoint
discounts. Therefore, if you have accounts at other financial organizations and wish
to take advantage of the
balances in these accounts to qualify for a breakpoint discount, you must advise
your investment professional
about those balances. You may need to provide documentation establishing the
holdings in those other accounts to
your investment professional if you wish to rely upon balances in accounts at
In addition, many mutual funds allow investors to count the value of holdings in
accounts of certain related
parties, such as spouses or children, to qualify for breakpoint discounts. Each
mutual fund has different rules
that govern when relatives may rely upon each other’s holdings to qualify for
breakpoint discounts. You should
consult with your investment professional or review the mutual fund’s prospectus or
statement of additional
information to determine what these rules are for the fund family in which you are
investing. If you wish to rely
upon the holdings of related parties to qualify for a breakpoint discount, you
should advise your investment
professional about these accounts. You may need to provide documentation to your
investment professional if you
wish to rely upon balances in accounts at another firm.
Mutual funds also follow different rules to determine the value of existing
holdings. Some funds use the current
net asset value (NAV) of existing investments in determining whether an investor
qualifies for a breakpoint discount.
However, a small number of funds use the historical cost, which is the cost of the
initial purchase, to determine
eligibility for breakpoint discounts. If the mutual fund uses historical costs, you
may need to provide account
records, such as confirmation statements or monthly statements, to qualify for a
breakpoint discount based upon
previous purchases. You should consult with your investment professional and review
the mutual fund’s prospectus
and statement of additional information to determine whether the mutual fund uses
either NAV or historical costs
to determine breakpoint eligibility.
Letters of Intent—Most mutual funds allow investors to qualify for breakpoint
discounts by signing a Letter of
Intent, which commits the investor to purchasing a specified amount of Class A
shares within a defined period of
time, usually 13 months. For instance, if an investor plans to purchase $50,000
worth of Class A shares over a
period of 13 months, but each individual purchase would not qualify for a breakpoint
discount, the investor could
sign a Letter of Intent at the time of the first purchase and receive the breakpoint
discount associated with the
$50,000 investment on the first and all subsequent purchases. Additionally, some
funds offer retroactive Letters
of Intent that allow investors to rely upon purchases in the recent past to qualify
for a breakpoint discount.
However, if an investor fails to invest the amount required by the Letter of Intent,
the fund is entitled to
retroactively deduct the correct sales charges based upon the amount that the
investor actually invested. If you
intend to make several purchases within a 13 month period, you should consult your
investment professional and
the mutual fund prospectus to determine if it would be beneficial for you to sign a
Letter of Intent.
As you can see, understanding the availability of breakpoint discounts is important
because it may allow you to
purchase Class A shares at a lower price. The availability of breakpoint discounts
may save you money and may
also affect your decision regarding the appropriate share class in which to invest.
Therefore, you should discuss
the availability of breakpoint discounts with your investment professional and
carefully review the mutual fund
prospectus and its statement of additional information, which you can get from your
investment professional, when
choosing among the share classes offered by a mutual fund. If you wish to learn more
about mutual fund share
classes or mutual fund breakpoints, you can also review the investor alerts that are
available on the FINRA web
Mutual Fund and Money Fund Fees and Revenue Sharing
Hazlett, Burt & Watson, Inc. may receive fees from funds for compensation for
certain recordkeeping and other
administrative tasks Hazlett, Burt & Watson, Inc. performs in connection with your
account. Should you have any
questions in this regard, please contact your investment professional
DISCLOSURE UNDER FEDERAL RESERVE BOARD REGULATION E
As a consumer who uses electronic funds transfer (EFT) services, you have certain
rights and responsibilities.
These rights and responsibilities are defined by the Electronic Fund Transfer Act
(15 U.S.C. 1693, et seq.) and
Regulation E of the Federal Reserve Board. THE FOLLOWING PROVISIONS APPLY TO BOTH
PREAUTHORIZED ACH DEPOSITS
AND REDEMPTIONS TO AND FROM YOUR HAZLETT BURT & WATSON, INC. (HAZLETT) BROKERAGE
Please keep this information for further reference.
Type of account.
Preauthorized deposits and redemptions are only permitted to be made to and
from Hazlett brokerage accounts.
Types of Available Transfers and Limits on Transfers.
- Preauthorized deposits will be made to the Hazlett account you
indicated, of payments made by third
parties (such as the direct deposit of payroll or recurring payments
from the federal government). The
frequency and amount of these preauthorized deposits will be subject to
the terms of the arrangements,
which you have with the third party payer.
- Preauthorized redemptions will be made from your Hazlett account, to the
bank account you designated
for the transfer. The frequency and amount of these preauthorized
redemptions will be subject to the terms
of the arrangements, which you have made with Hazlett.
- Redemption requests made by telephone from your Hazlett account, to the
bank account designated for the
transfer. The frequency and amount of these preauthorized redemptions
will be subject to the terms of the
arrangements, which you have made with Hazlett.
- Preauthorized deposits will be made to your Hazlett account, from the
bank account designated for the
withdrawals. The frequency and amount of these preauthorized deposits
will be subject to the terms of the
arrangements, which you have made with the bank.
Documentation of Transfers.
- Preauthorized Deposits. If you have made arrangements to have
direct deposit of payroll made to
your account, the company making the deposit will notify you each time
they send money. If you have
arranged for the U.S. Government direct Deposit Program, you may verify
that a transfer has been made, by
calling us at (800) 537-8985
- Periodic Statements. You will be provided with an account
statement each month, in which a
transaction occurs, or at least quarterly.
Liability for Failure to Make Transfers.
If we do not complete a transfer to or from your account on time or for the
correct amount according to our
agreement with you, we may be liable for losses or damages. However, there
are some exceptions. We will not be
liable in certain situations, such as, but not limited to:
This list is not exclusive; there may be other exceptions stated in our
agreement with you.
- Through no fault of ours, your Hazlett account did not have sufficient
funds to complete the payment.
- Circumstances beyond our control (such as fire, flood or a delay in the
transmittal of a payment by mail
or otherwise) prevented the proper completion of the payment despite
reasonable precautions by us to avoid
- The account(s) was subject to legal process or other encumbrance, such
as a levy, restricting such
Liability for Unauthorized Transfers.
You have no liability for unauthorized payments from your Hazlett account
provided you have exercised
reasonable care to prevent such activity and you notify us immediately if
you believe that someone has
transferred or may transfer funds from your account without your permission.
You agree to protect your
account information and not to give or make available your account
information to any unauthorized individuals.
If you believe that your account information has been compromised or that
someone may attempt to transfer
money from your account without your consent, you must notify Hazlett
immediately at (800) 537-8985.
If you have told us in advance to make redemptions (payments) from
you account, you can stop these
payments by calling or writing:
Hazlett, Burt & Watson, Inc.
Attn: Customer Service
1300 Chapline Street
Wheeling, WV 26003
To stop a payment, you must notify us at least three (3) business
days before the payment is scheduled
to be made. You must confirm your stop payment instructions in
writing immediately to assure that they
are received within fourteen (14) calendar days after you call.
Liability to Stop Payment of Preauthorized Payment
If you order us to stop a preauthorized payment five (5) business
days or more before the transfer is
scheduled, and Hazlett does not do so, Hazlett will be liable for
your reasonable actual losses, subject
to the conditions set forth in “Liability for failure to make
You may be charged a stop payment fee of $15.
Business Days / Hours of Operation.
Business days are Monday through Friday, excluding New York Stock Exchange
holidays and regional bank holidays, 8:00 a.m. to 5:00 p.m. (Eastern Time).
There are no fees associated with preauthorized redemptions or deposits.
Disclosure of Account Information.
It is our general policy to treat your account information as confidential.
However, Hazlett will disclose information to third parties about your
account or the transfers:
- Where it is necessary to complete transfers; or
- In order to verify the existence and condition of your account for a
third party, such as a credit bureau or merchant; or
- In order to comply with government agencies, subpoenas, summons, search
warrants or court orders; or
- If you have given us written permission.
In Case of Errors or Questions About Your Electronic Transfers.
You have the duty to exercise reasonable care to examine your account
statement and report any discrepancies immediately. If you think your
account statement is wrong or if you need more information about payments
listed on your statement, telephone us at (800) 537-8985, or write us. If
you tell us orally, Hazlett requires that you send us a written affidavit
regarding your complaint or question within ten (10) days to:
Hazlett, Burt & Watson, Inc.
Attn: Customer Service
1300 Chapline Street
Wheeling, WV 26003
We must hear from you no later than sixty (60) days after we sent you the
FIRST statement on which the problem or error appeared. If you do not tell
us within sixty (60) days, you may lose any amount transferred without your
authorization. When notifying us, you must provide:
- Your name and account number,
- A clear description of the error or the transfer you are unsure of or
about which you need more information, and
- The dollar amount and date of the suspected error.
Hazlett will tell you the results of our investigation within ten (10) business
days after we learn of the discrepancy and if we determine there was an error,
we will correct such error promptly. However, if we require more time, we may
take up to forty-five (45) calendar days to investigate your complaint or
question. If we determine that there was no error, we will send you a written
explanation within three (3) business days after we complete our investigation.
Further, Hazlett may impose service charges based upon the time spent and the
expense incurred in connection with your inquiries, if it is determined that
Hazlett is not the party in error. Hazlett, if appropriate, will not recredit
you account until our investigation is complete.
Hazlett may amend any of the above terms and applicable fees from time to
time upon thirty (30) days notice to you. Further, we reserve the right to
terminate our agreement with you.
Proprietary Investment positions held by Hazlett Burt & Watson, Inc.
Hazlett Burt & Watson, Inc may maintain proprietary investment positions in the following listed securities:
||Symbol / CUSIP
|Intercontinental Exchange Inc.
|United Bankshares Inc. WV
|Discover Bk CD 2.75% - 8/17/2020
|Glenville St College WV 3.25% - 6/1/2022
Excess SIPC Coverage
Securities in accounts carried by National Financial Services LLC (“NFS”), a
Fidelity Investments company,
are protected in accordance with the Securities Investor Protection Corporation
(“SIPC”) up to $500,000
(including cash claims limited to $100,000). For details, please see www.sipc.org.
NFS has arranged
for additional protection for cash and covered securities to supplement its SIPC
coverage. This additional
protection covers total account net equity in excess of the $500,000/$100,000
coverage provided by SIPC.
Neither coverage protects against a decline in the market value of securities.
Investor's Bill of Rights
Hazlett Burt & Watson’s Commitment to Clarity
Clarity of Rights and
Responsibilities. Clarity of Performance. Clarity Through
The foundation of any successful business is built on the right culture – on shared
values of honesty, integrity and genuine concern for clients. These and other values
are inherent in the Hazlett Burt & Watson culture and are central to how we serve
clients in our mission to provide the best financial advice and service. We believe
in partnerships with clients, for they inspire us to work harder and smarter every
day. We believe that to abide by the highest professional standards is an obligation
we incurred when we chose to earn our living by managing our clients’ investments.
As an active member of the Securities Industry and Financial Markets Association
(SIFMA), Hazlett Burt & Watson has partnered with other industry leaders to create
Commitment to Clarity, a dedication to openness and understanding as the guiding
principles for all interactions between investors and the firms that serve them. At
the center of the commitment is the Investors’ Bill of Rights, which outlines the
rights and responsibilities that should guide investors and advisors when making
investment decisions. SIA adopted the Bill of Rights in November 2004, a measure
that Hazlett Burt & Watson was proud to commit to and share with clients.
Investors' Bill of Rights
Clarity is the cornerstone of trust between investors and their Financial
SIFMA is committed to clarity through full and unambiguous disclosure, as well as
enhanced understanding of the securities markets.
We believe that the needs of the investor should always come first. As an investor,
you have important rights, including the right to high-quality products and services
from the securities firm you choose.
At the same time, investors need to shoulder certain responsibilities themselves —
for example, to plan carefully to meet their investment goals and to stay informed
about the risks and rewards of their investments.
Your Rights as an Investor
As an investor, you have the right:
Full, Clear Reporting
- To be treated in a fair, ethical and respectful manner in all interactions with
Hazlett Burt & Watson and its employees and affiliates.
- To receive competent and courteous service and advice at a fair price.
- To select your own Financial Advisor or request a different one if you are not
satisfied, understanding that every Financial Advisor may have a unique manner,
style or investment philosophy.
- To move your account to another Financial Advisor or a new investment firm
whenever you wish, in a simple, efficient manner.
Responsible Investment Advice
- To clear, accurate, easy-to-understand descriptions of all your transactions,
statements and other communications from Hazlett Burt & Watson.
- To be informed clearly about all costs associated with your account and the
costs related to individual transactions, including commissions, sales charges
(or loads) and other fees.
- To be provided with clear descriptions of Hazlett Burt & Watson’s policies and
practices for protecting the privacy of non-public, personal information.
Prompt, Fair Resolution of Inquiries, Questions, Complaints
- To be provided with responsible investment recommendations based on your
personal objectives, time horizon, risk tolerance and other factors, as
disclosed by you.
- To be apprised of significant conflicts of interest identified in a financial
relationship between an investor and his or her broker-dealer or Financial
- To expect that Hazlett Burt & Watson will provide professional assistance to
help you clarify your investment goals and risk tolerance.
- To be able to rely on Hazlett Burt & Watson’s assistance in setting realistic
expectations about the long-term performance and associated risks of various
securities. Hazlett Burt & Watson will present you with reasonable investment
alternatives designed to meet those expectations, and disclose the comparative
risks, benefits and costs.
Your Responsibilities as an Investor
To help ensure the success of investments, you will want to take a number of
important steps personally:
Inform and Educate Yourself
- To fair consideration and a prompt response from Hazlett Burt & Watson, if any
problem with your account ever arises.
- To a prompt, fair resolution of inquiries, questions and complaints. Hazlett
Burt & Watson will provide you with full information about this process, in
order that your questions, inquiries and complaints can be resolved in a timely
- To be apprised of alternatives if Hazlett Burt & Watson is unable to resolve a
dispute to your satisfaction.
Communicate With Your Financial Advisor
- Read thoroughly all sales literature, prospectuses and/or other offering
documents, when available, before making any investment.
- Consider carefully all investment risks, fees and/or other factors explained in
- Make certain that you understand the relationship, not only between your
investment objectives and the risks and returns on your particular investments,
but also between your particular investments and your investment objectives. You
need to remember at all times that every investment has some degree of risk and
that it is possible to lose money – some or all – on any investment.
Keep Your Accounts Current
- Provide complete, accurate information about your financial status, investment
goals and risk tolerance when seeking investment advice, so that Hazlett Burt &
Watson can provide you with appropriate recommendations.
- Seek out whatever information you need or want from your Financial Advisor by
proactively asking any questions you have about your account, a specific
transaction, risk exposures, potential conflicts of interest and, of course,
commissions, sales charges and other fees.
- Notify your Financial Advisor promptly whenever there is a significant change in
your investment objectives, risk tolerance, income, net worth or liquidity
- Review your portfolio holdings on a regular basis and whenever your financial
circumstances change. You may want to make appropriate changes based on your
investments’ performance and your current objectives.
- If you have any holdings in mutual funds, tell your Financial Advisor about
similar mutual fund holdings you have at other broker-dealers or directly with
the mutual funds, so that your representative can make sure you receive any
applicable “breakpoint” discount.
Use the Right Resources - Carefully
- Have cash or available margin-buying power in your investment account, or
transfer funds into that account, to ensure payment for securities purchases by
the settlement date. If you are paying by check or funds transfer, you should
always make payments directly to Hazlett Burt & Watson.
- Review all transaction confirmations and account statements or reports carefully
and promptly. You should report any errors or any questions you have to your
Financial Advisor or Branch Manager immediately.
- Consult an attorney or a tax adviser for specific tax or legal advice.
- Consider carefully the validity and reliability of investment information
obtained from all sources, especially unsolicited information obtained over the
- Understand that the opinions of Research Analysts or Financial Advisors should
never be interpreted as a guarantee of future performance or rate of return.