As a registered investment adviser, Invictus Capital Partners must comply with SEC Regulation S-P as administered and enforced by the Federal Trade Commission, which requires registered advisers to adopt policies and procedures to protect the "non-public personal information" of natural person consumers and customers and to disclose to such persons policies and procedures for protecting that information.
Regulation S-P / Privacy Rule
The purpose of these regulatory requirements and privacy policies and procedures is to provide administrative, technical and physical safeguards which assist employees in maintaining the confidentiality of non-public personal information ("NPI") collected from the consumers and customers of an investment adviser. All NPI, whether relating to an adviser's current or former clients, is subject to these privacy policies and procedures. Any doubts about the confidentiality of client information must be resolved in favor of confidentiality.
For these purposes, NPI includes non-public "personally identifiable financial information" plus any list, description or grouping of customers that is derived from non-public personally identifiable financial information. Such information may include personal financial and account information, information relating to services performed for or transactions entered into on behalf of clients, advice provided by Invictus Capital Partners to clients, and data or analyses derived from such NPI.
The Firm is responsible for reviewing, maintaining and enforcing these policies and procedures to ensure meeting Invictus Capital Partners' client privacy goals and objectives while at a minimum ensuring compliance with applicable federal and state laws and regulations.
Invictus Capital Partners has adopted various procedures to implement the firm's policy and conducts reviews to monitor and ensure the firm's policy is observed, implemented properly and amended or updated, as appropriate, which include the following:
Non-Disclosure of Client Information
Invictus Capital Partners maintains safeguards to comply with federal and state standards to guard each client's non-public personal information ("NPI"). Invictus Capital Partners does not share any NPI with any nonaffiliated third parties, except in the following circumstances:
Employees are prohibited, either during or after termination of their employment, from disclosing NPI to any person or entity outside Invictus Capital Partners, including family members, except under the circumstances described above. An employee is permitted to disclose NPI only to such other employees who need to have access to such information to deliver our services to the client.
Safeguarding and Disposal of Client Information
Invictus Capital Partners restricts access to NPI to those employees who need to know such information to provide services to our clients.
Any employee who is authorized to have access to NPI is required to keep such information in a secure compartments or receptacle annually. All electronic or computer files containing such information shall be password secured and firewall protected from access by unauthorized persons. Any conversations involving NPI, if appropriate at all, must be conducted by employees in private, and care must be taken to avoid any unauthorized persons overhearing or intercepting such conversations.
Safeguarding standards encompass all aspects of the Invictus Capital Partners that affect security. This includes not just computer security standards but also such areas as physical security and personnel procedures. Examples of important safeguarding standards that Invictus Capital Partners may adopt include:
Any employee who is authorized to possess "consumer report information" for a business purpose is required to take reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal. There are several components to establishing 'reasonable' measures that are appropriate for the firm:
Some methods of disposal to ensure that the information cannot practicably be read or reconstructed that Invictus Capital Partners may adopt include:
Where regulatory required, Invictus Capital Partners will provide each natural person client with initial notice of the firm's current policy when the client relationship is established. Invictus Capital Partners shall also provide each such client with a new notice of the firm's current privacy policies at least annually.