Protecting Your Privacy
Magstar Capital, LLC (“Magstar Capital”) is committed to protecting the confidentiality and security of the information we collect from clients. We understand that confidentiality of your personal nonpublic client information is critical to you and we take the responsibility to protect your personal information very seriously. It is our policy that we do not sell nonpublic personal information to anyone. Furthermore, we will share your personal client information with others only as stated in this notice.
Information we gather:
Magstar Capital will collect only that information that is necessary to conduct our business or that is required by law and regulation. Information taken from each client includes details such as: names, addresses, phone numbers, social security or taxpayer identification numbers, investment objectives, financial information such as income, tax bracket, investment history, net worth, assets, employer, sources and amounts of income, tax returns, etc. Information is derived from various account applications and forms, transaction records, customer statements, customer identification and know-your-customer procedures, consumer reports, etc.
How we protect you:
To comply with applicable laws and regulations, we maintain physical, electronic, and procedural safeguards to protect your personal information. We limit access to your personal information to those employees and service providers who need to know in order to conduct our business, service your account, and provide you with products and services. Our employees are required to maintain and protect the confidentiality of your personal information and must follow established procedures to do so.
With whom information is shared:
We will disclose non-public personal information to securities regulators upon request; to other persons pursuant to subpoenas; or as otherwise required by law. We often get requests from our customers to provide personal information to accountants, lawyers, and other third parties. This information will be provided only upon your written request.
Use of nonpublic information of former customers:
The firm will provide nonpublic information about former customers only if required to do so by law or regulation or to those parties who need such information in order for the firm to carry out any continued obligation with respect to the services covered by the former adviser/customer relationship.