Terms and Conditions

This site www.guggenheimsecurities.com (“site”) is owned by Guggenheim Partners, LLC, which, along with its affiliates, does business under the name, Guggenheim Partners (collectively, “Guggenheim” or “us”) and is operated by Guggenheim Securities, LLC (“Guggenheim Securities”). Guggenheim Securities is a Securities and Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”) registered broker dealer (SEC#8-49107 / FINRA#40638) that provides investment banking, financial advisory and capital markets services for institutions, corporations, governments and agencies and family offices. You may use this site only if you agree, without modification, to these Terms and Conditions of use (“Terms”). Please read the Terms carefully before continuing. If you do not agree to these Terms, you must leave the site.

Guggenheim Securities is a Securities and Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”) registered broker dealer (SEC#8-49107 / FINRA#40638) that provides investment banking, financial advisory and capital markets services for institutions, corporations, governments and agencies and family offices. You may use this site only if you agree, without modification, to these Terms and Conditions of use (“Terms”). Please read the Terms carefully before continuing. If you do not agree to these Terms, you must leave the site.

Guggenheim Securities conducts business only with institutional accounts, as defined in FINRA Rule 4512(c). It is our client’s responsibility to inform Guggenheim Securities should circumstances change that would cause an account to no longer be defined as an institutional account per the Rule.

By accessing this site you signify your understanding and acceptance of our Terms. You may use your browser to download or print out a copy of these Terms for you records

The information provided on this site or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or that would subject Guggenheim to any registration requirement within such jurisdiction or country. Neither this information nor any opinion contained on this site constitutes a solicitation, recommendation or offer by Guggenheim to buy or sell any securities, options or other financial instruments or provide any investment advice or service. Except as expressly authorized herein you may not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate, or commercially exploit any information on this site.

Disclaimer of Warranty and Limitation of Liability

The information on this site is provided “as is.” Guggenheim does not warrant the accuracy of the information provided herein, or on any site accessed from this site through a hypertext link, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Guggenheim shall not be responsible for any loss or damage that results from interception by third parties of any information made available to you via this site. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Guggenheim cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. GUGGENHEIM ALSO MAKES NO GUARANTEE AS TO THE ACCURACY, VALIDITY, TIMELINESS, OR COMPLETENESS OF ANY INFORMATION ON ANY SITE TO WHICH YOU GAIN ACCESS THROUGH A HYPERTEXT OR OTHER LINK FROM THIS SITE.

Neither Guggenheim nor any of its directors, members, officers or employees, or any third party vendor, will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or that results from the act or omission of any other party involved in making or maintaining this site or the data contained herein available to you, or from any other cause relating to your access to, inability to access, or use of the site or any materials included on this site, whether or not the circumstances giving rise to such cause may have been within the control of Guggenheim or of any vendor providing software or services support. Guggenheim and its directors, members, officers, employees, and third party vendors also shall have no liability or responsibility of any kind for any loss or damage that you incur as a result of any information contained on any Web pages or site maintained by any third party that you access through a hypertext link or the client log-in screen of this site. In no event shall Guggenheim or any such parties be liable to you for any direct, special, indirect, consequential, or incidental damages or any other damages of any kind even if Guggenheim or any other party has been advised of the possibility thereof.

Linked Sites

You may access from this site other Web sites hosted by third parties. Should you leave this site via another link contained herein, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by Guggenheim. Guggenheim is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided by Guggenheim or any other third party on external Web pages or sites, whether such damages or losses are actual, alleged, consequential or punitive. Links to third party hosted Web sites shall not constitute an endorsement of, or representation or warranty by Guggenheim regarding the content, products, services or the operators of such Web sites. Your access to and use of such linked Web sites is governed by the terms of use and privacy policies of those sites, and shall be at your own risk. Guggenheim disclaims responsibility for the privacy policies and customer information practices of third-party internet Web sites hyperlinked from our Web site.

Copyright or Other Notices

All copyrights and intellectual property rights to Materials on the site belong to or are licensed to Guggenheim. If you download any information or software from this site, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.

Jurisdiction, Governing Law and Severability

Users of this Web site shall be bound by all applicable Federal laws of the United States of America and the laws of the State of New York.

The appropriate New York Federal or State court shall have exclusive jurisdiction for any action or dispute arising out of this agreement or website. If any of these Terms is held invalid or unenforceable, that part will be deemed modified as necessary to make it effective, and the remaining provisions of these Terms will remain in effect.

Informational Purposes

The information provided on the site is provided for informational and educational purposes only and should not be considered a recommendation of any particular security, strategy or investment product, as investing advice of any kind, or as offering or providing any investment product or service, or as an offer or solicitation with respect to the purchase or sale of any investment by Guggenheim. The information provided on the site is not directed at or intended to be distributed to any person or entity who is a resident or citizen of any jurisdiction where it would be unlawful to do so. Unless specifically designated otherwise, the information is not a product of the research department of Guggenheim and should not be construed as a research report, recommendation or advice.  The information is not provided in an advisory or fiduciary capacity and may not be relied upon for or in connection with the making of investment decisions. The views expressed on the site are solely those of the authors and may differ from the views of other officers, directors, employees or other representatives of Guggenheim. The authors’ opinions are subject to change without notice.  Guggenheim undertakes no obligation to provide additional information or any update to or correction of the information provided herein. Guggenheim may have a business relationship with certain issuers mentioned on this site, or may otherwise underwrite, hold a position, buy or sell as principal in the securities of any issuer mentioned. Guggenheim may have in the past provided, may currently be providing and may in the future seek to provide investment banking, financial advisory and other services to, and have other material relationships with, issuers of securities, loans and other financial instruments referred to on this site and their affiliates. With respect to any position Guggenheim may hold, Guggenheim may have interests different from or adverse to your interests.

Modification of Site

Guggenheim reserves the right, at its discretion, to change these Terms and the contents of this site at any time and without notice. We suggest that you review these Terms periodically for changes. The Terms can be accessed from links on the home page and other pages of the site. If you use this site after we post changes to these Terms, you accept the changed terms. Guggenheim may also offer other services from time to time that are governed by different terms and conditions.

Monitoring of Site

Guggenheim expressly reserves the right to monitor any and all use of this site. Guggenheim is under no obligation to do so and assumes no responsibility or liability arising from the use of this site.

Privacy and Security

For information on how Guggenheim uses and protects the personal information you may provide on this site, please click on the link to “Privacy Policy” to access explanations of Guggenheim’s Internet privacy policy and security measures. You may not use this site to collect or harvest personal information about other persons or otherwise use the site in a manner that is inconsistent with their privacy or personal data protection rights.


As a condition of use of this site, you agree to indemnify Guggenheim from and against any and all actions, claims, losses, damages, liabilities and expenses (including reasonable attorneys' fees) arising from your use of this site, including without limitations any claims alleging facts that if true would constitute a breach by you of these Terms and Conditions.

Sales and Trading Customers

Unless otherwise negotiated, these Terms and Conditions apply to our sales and trading businesses when institutional clients transact with Guggenheim Securities. While we recognize that not all of these disclosures will be applicable to each customer’s specific trading activities, we request that you please read these terms and conditions carefully.  Should you require additional information or if you would like to discuss any of the Terms described herein, please contact your Guggenheim Securities registered representative.

UK Users

In the UK, this site is made available by Guggenheim Securities International Limited ("GSIL"), a limited company registered in England and Wales under number 06624746 which is authorised and regulated by the Financial Conduct Authority. 

GSIL appears on the Financial Services Register under firm reference number 485435. GSIL has its registered office at 2nd Floor, College House, 17 King Edwards Road, Ruislip, London, HA4 7AE and is registered for VAT purposes with registration number GB 208513625.

This site is directed solely at UK investors who meet the Financial Conduct Authority (“FCA”) definitions of Eligible Counterparty or Professional Client, and should not be relied upon by other persons, such as Retail Clients, as defined under FCA Rules. GSIL is not permitted to conduct business for retail clients. 

In the UK this website is only available to persons who are (i) investment professionals; (ii) high net worth companies and certain other entities; or (iii) to any other persons to whom such communications may lawfully be made (as set out within the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

None of the information contained in this web site constitutes a personal recommendation, solicitation or offer by GSIL or its affiliates to buy or sell any securities, futures, options or other financial instruments of any person or provide any regulated investment advice in the UK.Guggenheim Securities, LLC Online Terms and Conditions Statement: Last updated May 2023