Clearing Letter to Clients
December 9, 2011
Dear Customer/Dealer,
Imperial Capital, LLC is a wholly-owned subsidiary of Imperial Capital Group, LLC,
a financial services holding company.
Imperial Capital, LLC is a registered securities broker/dealer specializing in distressed
and high yield bonds, bank debt, convertibles, preferred securities, and equities.
Imperial Capital, LLC clears its securities transactions, on a fully disclosed basis,
through Pershing, Inc., a wholly-owned subsidiary of The Bank of New York Mellon
Corporation. Accordingly, Pershing will settle any bonafide transactions effectuated
through them by Imperial Capital.
The Securities Investors Protection Corporation (SIPC) protects customer covered
account assets up to $500,000 in value, including a maximum of $250,000 for claims
for uninvested cash awaiting reinvestment. In addition to SIPC protection, Pershing
provides coverage in excess of SIPC limits from certain underwriters at the Lloyd’s
of London insurance market, in conjunction with another commercial insurance company.
The excess of SIPC insurance program is valid through December 10, 2012 and provides
protection for assets held in custody by Pershing, and its London-based affiliate,
Pershing Securities Limited, up to an aggregate loss limit of $1 billon for eligible
securities across all client accounts with a per-client loss limit of $1.9 million
for cash awaiting reinvestment within the aggregate loss limit of $1 billion. Neither
SIPC nor the additional policy protects against loss due to market fluctuation of
investments.
For additional information regarding the financial strength and stability of Pershing
and its parent company The Bank of New York Mellon Corporation, please visit
www.pershing.com .
Sincerely yours,
Imperial Capital, LLC