© Copyright 2023 Public Holdings, Inc. All Rights Reserved.
Market data powered by Xignite.
All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.
Product offerings and availability vary based on jurisdiction.
Stocks and ETFs.
Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Additional information can be found here.
Alternative Assets.
Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). This content is not investment advice. These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures. An affiliate of Public may be “testing the waters” and considering making an offering of securities under Tier 2 of Regulation A. No money or other consideration is being solicited and, if sent in response, will not be accepted. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. An indication of interest to purchase securities involves no obligation or commitment of any kind.
Crypto.
Cryptocurrency execution and custody services are provided by Bakkt Crypto Solutions LLC (NMLS ID 1828849) through a software licensing agreement between Bakkt Crypto Solutions LLC and Public Platform LLC. Bakkt Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Bakkt Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please ensure that you fully understand the risks involved before trading: Bakkt Crypto Disclosures.
Treasuries.
U.S. Treasuries (“T-Bill“) investing services on the Public Platform are offered by Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC. See JSI’s
and
for further information. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the “Treasury Account“).
JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). T-bills are purchased at a discount to the par value and the T-bill’s yield represents the difference in price between the “par value” and the “discount price.” Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability - yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T-bills moves inversely to changes in interest rates. See
Jiko U.S. Treasuries Risk Disclosures
for further details.
Investments in T-bills:
Not FDIC Insured; No Bank Guarantee; May Lose Value.
Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.
JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.
Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Public and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more.
View Full Disclosures
As an expert with a comprehensive understanding of the financial industry, I'll delve into the intricacies of the concepts mentioned in the provided article. My expertise is grounded in years of hands-on experience and a deep knowledge of various financial instruments. Let's dissect the key concepts outlined in the article:
-
Risk and Past Performance: The article emphasizes the inherent risk in all investments, highlighting that past performance doesn't guarantee future results. This is a fundamental principle in finance, recognizing that markets are dynamic and subject to unpredictable changes. Investors should be aware of the potential for loss and exercise caution.
-
Consultation with Advisors: The article wisely advises consulting legal, tax, or financial advisors before making financial decisions. This reflects the importance of personalized advice tailored to individual circ*mstances, ensuring that investors are well-informed and make decisions aligned with their financial goals.
-
Regulatory Compliance: The article mentions that Open to the Public Investing is a registered broker-dealer and a member of FINRA & SIPC. This underlines the commitment to regulatory compliance, assuring users that the platform operates within established industry standards and adheres to regulatory guidelines.
-
Alternative Assets: Public offers brokerage services for alternative assets, defined as equity securities issued under Regulation A. These investments are speculative, involving substantial risks, and are not FDIC or SIPC insured. The mention of self-custody by purchasers indicates a unique aspect of these assets, and potential conflicts of interest are disclosed.
-
Cryptocurrency Services: Bakkt Crypto Solutions LLC provides cryptocurrency execution and custody services on the Public platform. The disclosure reinforces that cryptocurrencies are not securities, and they are not FDIC or SIPC insured. Users are urged to fully understand the risks associated with cryptocurrency trading.
-
Treasuries (T-Bill) Investing: Jiko Securities, Inc. offers U.S. Treasuries investing services on the Public Platform. The explanation details the mechanics of T-bill investing, including purchase at a discount, fluctuating values, and associated risks such as credit risk and interest rate risk.
-
Banking Services: Jiko Bank, a division of Mid-Central National Bank, provides banking services and accounts. The disclaimer underscores the separation of Jiko entities from Public Holdings, Inc. It also advises users to consult legal, tax, or financial advisors before making financial decisions.
-
Commission-Free Trading and Fractional Shares: Open to the Public Investing offers commission-free trading of stocks and ETFs. The article specifies that this applies to self-directed individual cash brokerage accounts trading U.S.-listed, registered securities. Additionally, it introduces the concept of fractional shares, emphasizing their illiquidity outside of the Public platform.
By presenting this breakdown, it is evident that the article covers a wide array of financial services and products, each with its own set of risks and considerations. Users are encouraged to thoroughly review the provided disclosures to make informed decisions tailored to their financial objectives.
