Doft & Co., Inc.
CRD 1660Handles the brokerage relationship and introduces customers to the clearing broker. Doft does not itself hold or maintain customer funds or securities.
06 / BROKERAGE & CLEARING
A clear structure.
Distinct responsibilities.
Doft provides brokerage services. Pershing LLC is the firm’s disclosed clearing broker. Your account documents set out the specific arrangements.
CLEARING
RELATIONSHIP
RELATIONSHIP
Pershing LLC
CRD 7560Doft’s Customer Relationship Summary identifies Pershing as the firm through which its transactions are cleared.
Disclosed clearing relationship effective September 25, 2002.View the disclosed arrangement
READING THE ARRANGEMENT
Know the role
of each firm.
Your brokerage relationship
Doft handles the brokerage relationship and introduces customers to the clearing broker. Its Customer Relationship Summary states that Doft does not hold or maintain customer funds or securities itself.
The disclosed clearing broker
Pershing LLC is identified as the firm through which Doft’s transactions are cleared. The BrokerCheck report records the clearing arrangement and its effective date.
Your account documents
The disclosed relationship explains the overall structure. Review the relevant account documents for the particular arrangements, terms and responsibilities that apply to your account.
Read the underlying records
Use the company report to verify the clearing relationship and the Customer Relationship Summary to understand how that relationship is described to retail clients.
A clearing relationship and regulatory memberships do not guarantee investment returns. SIPC protection is subject to its rules and limits and does not cover market losses.
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