Lombard Securities is a holding company owning the Broker/Dealer, Lombard Advisers, a registered investment advisor, and Lombard Agency, an insurance agency. These three units run in unison and comprise of the same management in order to offer a wide range of investment products and services to our clients.
Our headquarters is in Baltimore Maryland, in a quaint area of the city called Fell’s Point. Our brokers and advisors have offices across the US and we are registered in all US 50 states. For a map and directions, please click on “Contact Us”
The securities industry in the United States is among the most heavily regulated in the world to help ensure that your investment accounts are a safe and accessible place for individuals, families, and businesses to place money they wish to invest. The Securities and Exchange Commission (SEC) is the securities industry’s primary regulatory body. A cornerstone of protection of client assets in investment firms is the segregation of assets — that is, client assets are held separately from the assets of the investment firm.
This principle is laid out in the SEC’s Customer Protection Rule, which states that all fully paid client securities must be held separately from the investment firm’s own assets and are not available for firm use. The rule ensures that if an investment firm experiences losses, investor assets are not affected.
The exception to this rule is if the investor has a current loan from a margin account with the firm, which can be established only under a written agreement with the investor. If he or she has a current loan from that margin account, the firm may use some of the assets. Otherwise, the firm must keep investor funds and investments
separate from any of the investment firm’s assets and may not use them for any purpose. In the rare event that an investment firm fails, investors benefit from several layers of protection.
Lombard Securities is a member of the Securities Investor Protection Corporation (SIPC), a nonprofit, Congressionally-chartered membership corporation created in 1970. SIPC protects clients against the custodial risk of a member investment firm becoming insolvent by replacing missing securities and cash up to $500,000,
including up to $250,000 in cash, per client in accordance with SIPC rules. (Note that SIPC coverage is not the same as, nor is it a substitute for, FDIC deposit insurance; securities purchased through us are not FDIC-insured with the exception of bank insured deposits and CDs.
Read more about SIPC here.