Disclosures
MARV Capital, Inc. is an SEC-registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). MARV Capital provides brokerage services for public securities trading and private placement transactions through the UnBound X digital platform. Clearing and custody are provided by Alpaca Securities LLC.
All references to “MARV” herein refer to MARV Capital, Inc.
Affiliate Disclosure: UnBound X Inc. is a technology platform under common ownership with MARV Capital Inc. Maneesh Awasthi holds ownership interests in both entities. UnBound X is not a broker-dealer and does not provide brokerage services or investment advice. Brokerage services are provided exclusively by MARV Capital Inc., with clearing and custody provided by Alpaca Securities LLC.
Here is a list of important disclosures related to our products and services. Click on the respective list entry to jump to that disclosure section.
- Form CRS – Client Relationship Summary
- Regulation Best Interest Disclosure
- Fee Schedule
- SEC Rule 605
- SEC Rule 606
- Payment for Order Flow
- Important Information You Need to Know about Opening a New Account
- Insider Information Policy and Procedures
- Privacy Notice
- Extended Hours Trading Risk Disclosure
- Characteristics and Risks of Standardized Options
- Business Continuity Plan
Form CRS – Client Relationship Summary
MARV Capital Inc.
Member FINRA | Member SIPC | CRD# 104390
Effective Date: December 1, 2025
Introduction
MARV Capital Inc. (“MARV” or “we”) is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of FINRA and SIPC. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
Affiliate Disclosure: UnBound X Inc. is a technology platform under common ownership with MARV Capital Inc. Maneesh Awasthi holds ownership interests in both entities. UnBound X is not a broker-dealer and does not provide brokerage services or investment advice. All brokerage services are provided exclusively by MARV Capital Inc. Clearing and custody of customer accounts are provided by Alpaca Securities LLC, a FINRA-registered and DTCC-member broker-dealer.
What investment services and advice can you provide me?
Public Securities Trading. We provide order execution services for equities and exchange-traded options through our clearing relationship with Alpaca Securities LLC. Customers access trading through the UnBound X digital platform, which serves as the technology interface for MARV’s brokerage services. We offer standard cash and margin accounts. Options trading is available subject to account approval based on your experience, financial situation, and risk tolerance.
Private Placements. We facilitate investments in private securities offerings, including offerings under Regulation D Rule 506(c), Regulation A+, and Regulation Crowdfunding. Investment minimums vary by offering. Regulation D offerings are limited to accredited investors.
Scope of Services. We provide transaction-based (non-discretionary) brokerage services. You make all investment decisions. We do not provide ongoing portfolio monitoring or investment advisory services. We may make recommendations subject to Regulation Best Interest.
Account Minimums: No minimum for public securities trading accounts. Private placement minimums vary by offering (typically $100–$10,000).
Additional Information: For more detail about our services, visit unboundxinc.com/legal or our Reg BI Disclosure below.
Conversation Starters. Ask your financial professional:
• Given my financial situation, should I choose a brokerage service? Why or why not?
• How will you choose investments to recommend to me?
• What is your relevant experience, including your licenses, education, and other qualifications? What do these qualifications mean?
What fees will I pay?
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
Public Securities Trading: We offer commission-free equity trading. Options trades are subject to a per-contract fee. Regulatory fees (REG and TAF) are assessed on sale transactions at rates set by FINRA and the SEC. If you maintain a margin account, you will pay interest on borrowed funds. More frequent trading results in higher regulatory pass-through costs. See our Fee Schedule for details.
Private Placements: You may pay a transaction-based convenience fee of up to 3.5% of the investment amount. We may also receive compensation from issuers, including placement fees (typically 5–10% of capital raised) and equity compensation (warrants). These issuer-paid fees are not charged directly to you but create conflicts of interest described below.
Conversation Starter. Ask your financial professional:
• Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?
When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations we provide you. Here are some examples:
- We earn transaction-based compensation, which incentivizes us to encourage you to trade more frequently.
- We receive placement fees and may receive equity compensation (warrants) from issuers of private offerings, which incentivizes us to recommend those offerings.
- Some issuers on our platform may be affiliated with UnBound X Inc. or MARV Capital Inc.
- Issuers paying marketing support fees may receive enhanced platform visibility.
Conversation Starter. Ask your financial professional:
• How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our financial professionals receive compensation that may include salary and performance-based bonuses tied to revenue generated, new accounts opened, and overall firm performance. This creates an incentive to encourage transactions.
Do you or your financial professionals have legal or disciplinary history?
No. Visit Investor.gov/CRS for a free and simple search tool to research us and our financial professionals.
Conversation Starter. Ask your financial professional:
• As a financial professional, do you have any disciplinary history? For what type of conduct?
Additional Information
For additional information about our services, visit unboundxinc.com/legal. To request up-to-date information or a copy of this relationship summary, contact us at support@marvcapital.com or call (646) 450-5955.
To report a problem to the SEC, visit Investor.gov or call the SEC’s toll-free investor assistance line at (800) 732-0330. To report a problem to FINRA, visit finra.org/investors/have-problem or call (301) 590-6500. If you have a problem with your investments, investment account, or a financial professional, contact us in writing at: MARV Capital Inc., 1 West End, Suite 11D, New York, NY 10023.
Conversation Starter. Ask your financial professional:
• Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
Regulation Best Interest Disclosure Statement
MARV Capital Inc.
CRD# 104390 | Member FINRA | Member SIPC
1 West End Avenue, Suite 11D, New York, NY 10023
support@marvcapital.com | marvcapital.com
Introduction
This Regulation Best Interest Disclosure Statement (“Disclosure Statement”) is provided by MARV Capital Inc. (“MARV Capital,” “we,” “us,” or “our”) in accordance with Securities and Exchange Commission (“SEC”) Regulation Best Interest (“Reg BI”). This document contains important information about our broker-dealer services, fees and costs, conflicts of interest, and the standards of conduct that apply when we make recommendations to retail customers.
MARV Capital Inc. is registered with the SEC as a broker-dealer (CRD# 104390) and is a member of FINRA and SIPC. We provide brokerage services through the UnBound X digital platform for public securities trading and private placement transactions. Clearing and custody of customer accounts for public securities are provided by Alpaca Securities LLC, a FINRA-registered and DTCC-member broker-dealer.
This Disclosure Statement supplements our Form CRS (Client Relationship Summary) and other account documentation. Please review all documents carefully and retain them for your records.
Affiliate Disclosure
UnBound X Inc. is a technology platform under common ownership with MARV Capital Inc. Maneesh Awasthi holds ownership interests in both entities.
UnBound X is not a broker-dealer and does not provide brokerage services or investment advice. UnBound X serves solely as a technology service provider, offering the digital platform interface through which customers access MARV Capital’s brokerage services. All brokerage activities—including customer onboarding, suitability review, order supervision, and compliance oversight—are performed exclusively by MARV Capital Inc.
Clearing and custody of customer funds and securities are provided by Alpaca Securities LLC. Customer funds flow directly from the customer’s bank account to Alpaca. Neither MARV Capital nor UnBound X holds, receives, or transmits customer funds or securities.
Our Services
Public Securities Trading
We provide brokerage services for the purchase and sale of equities and exchange-traded options through our fully disclosed clearing arrangement with Alpaca Securities LLC. Customers access trading through the UnBound X digital platform. We offer:
- Cash accounts for equity trading
- Standard Regulation T margin accounts for equity positions
- Options trading (subject to account approval and tiered strategy levels)
- Fractional share trading (executed and allocated by Alpaca)
Private Placements
We facilitate investments in private securities offerings, including:
- Regulation D Rule 506(c) – Private placements limited to accredited investors
- Regulation A+ (Tier 2) – Securities offerings up to $75 million annually
- Regulation Crowdfunding – Securities offerings up to $5 million annually
Private placement transactions do not route through Alpaca. Fund transfers are directed to compliant escrow accounts or the issuer’s designated investment account. MARV provides wiring instructions and compliance documentation but does not handle investor funds directly.
Nature of Our Relationship
Broker-Dealer Capacity: We act solely as a broker-dealer, not as an investment adviser. When we make recommendations, we do so subject to Reg BI.
Non-Discretionary: You maintain full control over all investment decisions. We do not have discretionary authority over your account.
Transaction-Based: Our services are transaction-based. We do not provide ongoing portfolio monitoring or management unless separately agreed in writing.
Limited Monitoring: You are responsible for your own investment decisions and ongoing review of your holdings.
Recommendations and Best Interest Standard
When we make a recommendation to you regarding a securities transaction or investment strategy, we are required to act in your best interest at the time of the recommendation, without placing our financial or other interests ahead of yours.
We may make recommendations regarding specific securities offerings on our platform, account types or features, options trading strategies, and order types. Before making any recommendation, we consider information you have provided about your investment objectives, financial situation, risk tolerance, investment experience, time horizon, and liquidity needs.
We do NOT provide: personalized portfolio advice; tax, legal, or accounting advice; recommendations on securities not available through our platform; or ongoing investment monitoring services.
Fees and Costs
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. See our Fee Schedule for complete details.
Public Securities Trading Fees
| Fee Type | Amount | When Charged |
|---|---|---|
| Equity Commissions | $0 (commission-free) | N/A |
| Regulatory Transaction Fee (REG) | SEC rate (variable) | On sale transactions |
| Trading Activity Fee (TAF) | FINRA rate (variable) | On sale transactions |
| Options Per-Contract Fee | $0.08 per contract | At execution |
| Options Exercise/Assignment | $5.00 per position | At exercise/assignment |
| Options Regulatory Pass-Throughs | ORF, exchange fees, OCC (variable) | At execution |
| Margin Interest | Fed Funds Upper + 350 bps (variable) | Accrues daily; debited monthly |
| Domestic Wire (Outbound) | $25 | Per wire |
| International Wire (Outbound) | $50 | Per wire |
| ACAT Transfer (Outbound) | $100 | Per full or partial transfer |
| Account Closure | $0 | No charge |
Regulatory pass-through fees (REG and TAF) are set at rates charged by FINRA and the SEC, which may change periodically. MARV does not add a premium to these rates.
Private Placement Fees
| Fee Type | Amount | When Charged |
|---|---|---|
| Investor Transaction Fee | Up to 3.5% | At time of investment (if applicable) |
| Secondary Trading Fee | Up to 5% | Per transaction (buyer and seller) |
| Platform Access | Varies | Annual membership (if required) |
Issuer-Paid Compensation
We typically receive compensation from issuers of private placement offerings. This compensation is not charged directly to you but creates conflicts of interest described below.
| Compensation Type | Typical Range | Description |
|---|---|---|
| Placement Fees | 5–10% | Percentage of capital raised |
| Equity Compensation | Up to 5% | Warrants or equity from issuer |
| Due Diligence Fees | $5,000–$25,000 | One-time fee for offering review |
| Marketing Support | $2,500–$10,000/mo | Monthly retainer for investor outreach |
Conflicts of Interest
We have conflicts of interest that could affect the recommendations we provide. You should understand these conflicts and ask questions about how they might affect you.
Transaction-Based Conflicts: We earn revenue when you transact. This creates an incentive to encourage more frequent trading or larger investments. For public securities, more trades generate higher regulatory pass-through costs. For private placements, larger investments generate higher placement fees.
Issuer Compensation Conflicts: For private placements, we receive compensation from issuers—not from you. This creates an incentive to recommend offerings from issuers that pay us higher fees. Issuers paying marketing support fees may receive enhanced visibility on the platform.
Affiliated Issuer Conflicts: Some issuers on our platform may be affiliated with UnBound X Inc. or MARV Capital Inc. Where an affiliated issuer’s offering is available on the platform, we will disclose the affiliation in the offering materials.
Margin Conflicts: If you maintain a margin account, we earn interest on borrowed funds. This could create an incentive to encourage margin usage. All margin lending is conducted through Alpaca Securities LLC in accordance with Regulation T and Alpaca’s margin policies.
Common Ownership Conflict: MARV Capital Inc. and UnBound X Inc. share common ownership. While UnBound X does not perform brokerage functions, the common ownership structure could create a perception of conflicts. We mitigate this through clear entity separation, independent supervisory controls at MARV Capital, and transparent disclosure to customers.
How We Address Conflicts
We have implemented the following policies and procedures to mitigate conflicts of interest:
- Independent compliance oversight of all recommendations by qualified Series 24 principals
- Suitability and best interest assessment for every recommendation
- Prohibition on sales contests and quotas tied to specific products or offerings
- Clear disclosure of all material conflicts in offering documents and account documentation
- Independent due diligence process for all offerings on the platform
- Regular supervisory review of recommendation patterns and exception reports
- Entity separation between MARV Capital (broker-dealer) and UnBound X (technology platform)
- Documentation of rationale for all recommendations
How Our Financial Professionals Are Compensated
Our financial professionals may receive compensation that includes base salary and performance-based bonuses. Bonus criteria may include individual revenue generation, new account acquisition, and overall firm performance. This compensation structure may create an incentive to recommend transactions that generate higher fees rather than those best suited to your needs. We mitigate this through supervisory review of all recommendation activity and adherence to our Reg BI policies.
Risk Disclosures
General Investment Risks: All investments involve risk, including potential loss of your entire investment. Past performance does not guarantee future results. You should carefully consider your financial situation and risk tolerance before investing.
Public Securities Risks: Equity and options investments are subject to market risk, volatility, and potential total loss. Options involve additional risks including time decay and leverage. Margin trading amplifies both gains and losses and may result in losses exceeding your initial investment. You may receive a margin call requiring immediate deposit of additional funds or liquidation of positions.
Private Placement Risks:
- Liquidity Risk: Private securities are highly illiquid. No public market exists, and you may be unable to sell your investment for years, if ever.
- Loss of Capital: Most early-stage companies fail. You should be prepared to lose your entire investment.
- Dilution Risk: Your ownership may be diluted by future financing rounds or equity grants.
- Limited Information: Private companies provide less information than public companies. Financial statements may be unaudited.
- Concentration Risk: Our platform offers a limited selection of investments, which may prevent proper diversification.
Additional Information
Your Responsibilities: You are responsible for providing accurate and complete information about your financial situation, reviewing all offering documents and disclosures before investing, making your own investment decisions, and monitoring your investments.
How to Get More Information:
- About this disclosure: compliance@marvcapital.com
- About your account: support@marvcapital.com
- Form CRS: See above or visit unboundxinc.com/crs
- Legal documents: unboundxinc.com/legal
Reporting Concerns: If you have concerns about your account or our services: (1) Contact our Chief Compliance Officer at compliance@marvcapital.com; (2) File a complaint with FINRA at finra.org/investors/have-problem; (3) Contact the SEC at sec.gov/tcr or call (800) 732-0330.
This disclosure may be updated at any time. Material changes will be posted on our website and delivered to affected customers as required.
MARV Capital Inc.
Member FINRA | Member SIPC | CRD# 104390
Fee Schedule
Public Securities Trading
| Fee Type | Amount | Description |
|---|---|---|
| Equity Commissions | $0 | Commission-free equity trading |
| Options Per-Contract Fee | $0.08 | Per contract, retail order flow |
| Options Exercise/Assignment | $5.00 | Per position |
| Options Regulatory Pass-Throughs | Variable | ORF, REG, TAF, OCC clearing, exchange fees |
| Regulatory Transaction Fee (REG) | SEC rate | Assessed on sale transactions |
| Trading Activity Fee (TAF) | FINRA rate | Assessed on sale transactions |
| Margin Interest Rate | Fed Funds Upper + 350 bps | Accrues daily on debit balances; debited monthly |
Transfer & Wire Fees
| Fee Type | Amount |
|---|---|
| ACH Transfer (Inbound) | $0 |
| ACH Transfer (Outbound) | $0.25 |
| Domestic Wire (Outbound) | $25 |
| International Wire (Outbound) | $50 |
| ACAT Transfer (Outbound) | $100 |
| ACAT Transfer (Inbound) | $0 |
| ACH Return Fee | $25 |
Private Placement Fees
| Fee Type | Amount |
|---|---|
| Investor Transaction Fee | Up to 3.5% of investment amount (if applicable) |
| Secondary Trading Fee | Up to 5% per transaction |
| Platform Access | Varies (if required) |
Regulatory pass-through fees (REG, TAF, ORF, exchange fees, OCC clearing) are set at rates charged by FINRA, the SEC, and applicable exchanges. These rates may change periodically. MARV Capital does not add a premium to these rates. You may also incur fees related to corporate actions, ADR custody, and other third-party costs as disclosed in your account documentation.
SEC Rule 605
In compliance with SEC Rule 605, order execution information can be accessed by clicking the link below.
MARV Rule 605 order execution information
SEC Rule 606
In compliance with SEC Rule 606, information regarding the routing of customer orders can be accessed by clicking the link below.
MARV Rule 606 routing information
Notice to Customers Regarding SEC Rule 606:
Upon written request, MARV Capital, Inc. will provide to customers the identity of the venue to which a particular order was routed for execution provided that the executed order was placed with the firm within the last six months. Please contact your account representative for details.
Payment for Order Flow
MARV receives payment for order flow on equity orders routed for execution through its clearing arrangement with Alpaca Securities LLC. In accordance with our fully disclosed clearing agreement, payment for order flow revenue is shared between MARV and Alpaca. This creates a conflict of interest in that it may provide an incentive to route orders to venues that provide payment for order flow rather than venues that may offer better execution quality. MARV monitors execution quality to ensure compliance with its best execution obligations. For additional information, see our SEC Rule 606 report above.
Important Information You Need to Know about Opening a New Account at MARV Capital, Inc.
To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify and record information that identifies each person who opens an account.
MARV Capital accepts both retail and institutional customer accounts. Retail brokerage accounts are opened through the UnBound X digital platform. Institutional account openings may be facilitated directly through MARV Capital.
This notice answers some questions about our Customer Identification Program.
What types of information will I need to provide
When you open an account, we are required to collect the following information:
- Name
- Date of birth
- Address
- Identification number:
- U.S. citizen: taxpayer identification number (Social Security number or employer identification number)
- Non-U.S. citizen: taxpayer identification number; passport number and country of issuance; alien identification card number; or government-issued identification showing nationality, residence and a photograph of you.
You may also need to show your driver’s license or other identifying documents.
A corporation, partnership, trust or other legal entity may need to provide other information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement or a trust agreement.
U.S. Department of the Treasury, Securities and Exchange Commission, FINRA and New York Stock Exchange rules already require you to provide most of this information. These rules also may require you to provide additional information, such as your net worth, annual income, occupation, employment information, investment experience and objectives and risk tolerance.
What happens if I don’t provide the information requested or my identity can’t be verified?
We may not be able to open an account or carry out transactions for you. If we have already opened an account for you, we may have to close it.
Insider Information Policy and Procedures and the Use of Outside Consultants / Advisors / Experts Policy
Pursuant to the SEC Insider Trading and Securities Fraud Enforcement Act of 1988 (ITSFEA), it is MARV policy that no person associated with the firm may trade on material non-public information in breach of a duty of confidentiality or a relationship of trust and confidence. It is also our policy that no person associated with this firm may disclose any such information to any person inside or outside of MARV (including to any family member) unless those persons have been formally brought over the Information Barrier and those persons have agreed to keep that information confidential and not to trade based on that information. Any employee of the firm that comes into possession of material, non-public information must immediately report that fact to the Compliance Department.
Insider Trading Defined
Insider trading involves buying or selling a security while in possession of material, non-public information about the activities or performance of the issuer of the securities, in breach of a duty of confidentiality, or a relationship of trust and confidence. Violations also include sharing such information with another person (also called tipping) who then uses that information to trade, or trading on information received third hand (also called tipped information).
Information: Information includes facts, documents, occurrences or data about which a person comes in possession. Information may be obtained directly, but may also be obtained from other persons or entities which have a relationship of trust and confidence with the issuer, including personnel of the issuer, their outside experts (such as auditors, lawyers or other investment bankers), customers or suppliers of the issuer, or other persons at MARV. Persons may also gather information from various sources that, once put together, leads to a conclusion that is material. Although the securities laws sometimes permit trading on the basis of such “mosaic” information, as a matter of MARV policy, such a conclusion may only be traded on or discussed with another person or entity within prescribed parameters related to the business of the issuer and MARV.
Material: Information is material if it is the kind of information that would affect the investment decision of a reasonable investor, including speculative as well as conservative, retail as well as institutional investors. Examples of information that could be material include (but are not limited to):
mergers, acquisitions, tender offers or restructurings;
securities offerings or sales by insiders;
a change in earnings or dividends;
significant new business products or discoveries;
initiating research coverage;
a change in analyst’s rating, or stock price estimate;
a change in an issuer’s credit rating;
“tips” about news articles prior to dissemination;
“tips” about litigation prior to filing or a verdict;
significant shifts in operating or financial circumstances; and
changes in significant personnel.
The information does not need to be (but of course it may be) provided by the issuer to be material. Material information can come from outside vendors, service providers, and various other sources also in a position of trust and confidence with their source of information.
Non-public: Information is non-public if it has not been distributed generally to the marketplace, or if not enough time has passed since the distribution of that information for the marketplace to have had time to react to the information.
Relationship of trust and confidence: MARV works to build relationships with our client companies. These include companies for which we provide or are seeking to provide investment banking or advisory services. The fundamental components of such relationships are the elements of trust and confidence. In order avoid violating that trust we endeavor to keep all material nonpublic information in our possession tightly controlled. We do not use material nonpublic information for any other purpose than to serve the client who has entrusted us with their information. We do not disclose such information to anyone, inside or outside the firm who does not have a demonstrable “need to know.”
Duty of Confidentiality: A duty of confidentiality may be created by an express confidentiality agreement, or by an ongoing relationship of trust and confidence. Generally speaking, MARV has a duty of confidentiality with respect to material non-public information it receives from any client or potential client.
Tipping: A person could also be in violation of the prohibition against insider trading if they provided “tipped” inside information to another person or entity (whether or not the person or entity was employed by or associated with MARV) and that person or entity traded on such information. Any person or entity trading on tipped information, if they have reason to know it was provided in violation of a duty of confidentiality, is also subject to prosecution for insider trading.
The Use of Outside Consultants / Advisors / Experts Policy
All events, meetings or calls which involve an outside consultant, advisor or subject matter expert (Experts) must be approved in advance by a senior manager and have the written authorization of Compliance. In such events, meetings or calls, MARV employees must take care to ensure that any Experts that are employed by, or have recently been employed by, publicly traded companies understand that they may not, during their discussion, disclose material nonpublic information about their employer, or to disclose any other information that would violate their duty of confidentiality to persons other than their employer.
Privacy Notice
In accordance with the Federal Financial Privacy Law (Gramm-Leach-Bliley Act, Nov. 1999), the following are MARV’s privacy policies applicable to non-public personal information gained from this website and to its business relationships in general:
Our commitment to you
In your relationship with MARV, either as an existing or prospective customer, you may entrust us with your personal and financial data. We recognize that your relationship with us is based on trust, and that you expect us to act responsibly and in your best interest. Because your personal and financial information is private, we hold ourselves to the highest standards in its safekeeping and use.
We may collect nonpublic personal information about you from the following sources:
- Information we receive from you on account applications or other forms, such as your name, address, telephone number, social security number, income, assets, and investment objectives.
- Information about your transactions with us, our affiliates, or others, such as your account numbers and balances, investment activity, and other transaction information maintained by Alpaca Securities LLC, our clearing broker/dealer.
- Information supplied by you when registering for MARV or UnBound X sponsored events or educational content.
We protect your personal information
We use the information described above to provide the best possible service when administering your account. We may disclose nonpublic personal information in order to provide a service or complete a transaction that you request or authorize, or as otherwise required or permitted by the laws and industry standards that apply to us (e.g. anti-money laundering, regulatory requests). We restrict access to nonpublic personal information about you to employees who need to access the information in order to facilitate and/or administer trade executions. We maintain physical, electronic, and procedural safeguards to protect your nonpublic personal information. Our privacy policies and practices will continue to apply to your information even if your account is no longer active.
What you can do
For your protection, we recommend that you do not provide your account information to anyone. If you become aware of any suspicious activity relating to your account, please contact us immediately.
We will keep you informed
You may receive notices of changes to our privacy policies or periodic updates of this notice, as required by law.
At MARV, we are proud of the trust and confidence we have earned from you. We will continue to earn that trust and confidence by keeping your nonpublic personal information secure and confidential.
Contact Us
If you have any questions about our practices with respect to your non-public personal information, you may contact us at:
MARV Capital, Inc.
1 West End Avenue, Suite 11D, New York, NY 10023
+1 (646) 450-5955
Extended Hours Trading Risk Disclosure
Pursuant to both FINRA and NASDAQ rules, MARV is required to provide the following disclosures regarding risk associated with customer trading in the Pre-Market and Post-Market Sessions:
Risk of Lower Liquidity. Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be lower liquidity in extended hours trading as compared to regular market hours. As a result, your order may only be partially executed, or not at all.
Risk of Higher Volatility. Volatility refers to the changes in price that securities undergo when trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular market hours. As a result, your order may only be partially executed, or not at all, or you may receive an inferior price in extended hours trading than you would during regular markets hours.
Risk of Changing Prices. The prices of securities traded in extended hours trading may not reflect the prices either at the end of regular market hours, or upon the opening of the next morning. As a result, you may receive an inferior price in extended hours trading than you would during regular market hours.
Risk of Unlinked Markets. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
Risk of News Announcements. Normally, issuers make news announcements that may affect the price of their securities after regular market hours. Similarly, important financial information is frequently announced outside of regular market hours. In extended hours trading, these announcements may occur during trading, and if combined with lower liquidity and higher volatility, may cause an exaggerated and unsustainable effect on the price of a security.
Risk of Wider Spreads. The spread refers to the difference in price between what you can buy a security for and what you can sell it for. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
Risk of Lack of Calculation or Dissemination of Underlying Index Value or Intraday Indicative Value (“IIV”). For certain derivative securities products, an updated underlying index value or IIV may not be calculated or publicly disseminated in extended trading hours. Since the underlying index value and IIV are not calculated or widely disseminated during the pre-market and post-market sessions an investor who is unable to calculate implied values for certain derivative securities products in those sessions may be at a disadvantage to market professionals.
Characteristics and Risks of Standardized Options
Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). ODD can be downloaded from the following site: https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document
Business Continuity Plan
MARV Capital, Inc. is a registered broker-dealer providing brokerage services for public securities trading and private placement transactions through the UnBound X digital platform. MARV Capital is affiliated with UnBound X Inc., a separate technology platform, through the common founder, Maneesh Awasthi.
MARV Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
All references to “MARV” herein refer to MARV Capital, Inc. References to UnBound X refer to the separately-operated technology platform.
MARV has developed a Business Continuity Plan (BCP) describing how we will respond to events that significantly disrupt our business. Because the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our Business Continuity Plan.
Contacting Us
If after a significant business disruption you cannot contact us as you usually do at +1 (646) 450-5955 and/or info@MARVcapital.com, you should call our alternative number +1 (973) 710-5610 and/or visit www.MARVcapital.com where you can obtain additional information. For UnBound X platform disruptions, contact support@unboundxinc.com. If you cannot access us through either of those means, you should contact our clearing firm for instructions on how to gain prompt access to funds and securities, enter orders and process other trade-related, cash, and security transfer transactions. Alpaca Securities LLC maintains independent backup systems for clearing and custody.
MARV Capital, Inc.
1 West End Avenue, Suite 11D, New York, NY 10023
+1 (646) 450-5955
Our Business Continuity Plan
We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our Business Continuity Plan is designed to permit our firm to resume operations as quickly as possible, taking into account the scope and severity of the significant business disruption.
Our Business Continuity Plan addresses: data backup and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counterparty impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business. UnBound X platform data is maintained separately and independently.
Data Backup and Recovery
MARV uses cloud-based and disk-to-disk backup solutions. These backup solutions provide geographically separate, off-site storage of our internal documents including, but not limited to, data production, e-mail, and instant messages. UnBound X maintains separate backup systems for its platform data. In addition, our clearing firm, Alpaca Securities LLC, backs up their important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within 4 to 12 hours. Your orders and requests for funds and securities could be delayed during this period.
Mission Critical Systems
Our firm’s mission critical systems include order entry and execution, trade comparison and allocation, clearance and settlement, maintenance of customer accounts, access to customer accounts, and delivery of funds and securities. As an introducing firm, our clearing firm, Alpaca Securities LLC, provides execution, clearance, settlement, and custody services. In the event of an internal or external significant business disruption, if our mission critical systems are unavailable, we will work with Alpaca Securities LLC to ensure that customers have prompt access to their funds and securities.
Financial and Operational Assessments
In the event of a significant business disruption, our firm will determine the impact on our operational capabilities, financial condition, and ability to continue generating revenue. We will assess our ability to communicate with customers, employees, critical business constituents, and regulators. We will evaluate the status of our mission critical systems and key personnel. Our designated BCP coordinator will make an immediate preliminary assessment and initiate appropriate recovery procedures.
Alternative Communications
Customers: We communicate with customers using telephone, e-mail, our website (www.MARVcapital.com), and through the UnBound X platform. In the event of a significant business disruption, we will use the available means of communication that are still operational. Customers may also contact Alpaca Securities LLC directly for account access.
Employees: We communicate with employees using telephone, e-mail, and messaging. In the event of a significant business disruption, we will assess which means of communication are available and use the fastest means available. Employees are provided with an emergency contact list and remote access capabilities.
Regulators: We communicate with regulators using telephone, e-mail, U.S. mail, and electronically through FINRA filing systems. In the event of a significant business disruption, we will use the available means of communication that are still operational and contact FINRA and the SEC as required.
Varying Disruptions
Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe.
In a disruption to only our firm or a building housing our firm, we will transfer our operations to an alternate location when needed and reasonably expect to recover and resume business within the same business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within 24 hours.
In either situation, we plan to continue in business or, if necessary, transfer certain operations to our clearing firm, and notify you through our website www.MARVcapital.com and www.unboundxinc.com for platform-specific updates, or our customer emergency number, +1 (347) 556-7263. If the significant business disruption is so severe that it completely prevents us from continuing business operations, we will assure our customers prompt access to their funds and securities.
UnBound X Platform Disruptions
Disruptions to UnBound X do not affect MARV Capital’s brokerage operations or customer account access. UnBound X maintains separate infrastructure and recovery procedures. Customers may continue to execute trades and access accounts through MARV Capital and Alpaca Securities systems during UnBound X disruptions.
Alternate Physical Location
In the event of a significant business disruption that prevents use of our primary office location, firm personnel are equipped to work remotely using secure, encrypted connections to our systems. Our cloud-based infrastructure allows operations to continue from any location with internet access. If necessary, we will relocate to an alternate physical site outside of the affected area.
Critical Business Constituents, Banks, and Counterparties
We have contacted our critical business constituents, including our clearing firm (Alpaca Securities LLC), banks, and key vendors, and determined the extent to which we can continue our business relationship in light of an internal or external significant business disruption. We will quickly establish alternative arrangements if a critical constituent can no longer provide the needed services.
Regulatory Reporting
We file reports with FINRA, the SEC, and other regulators using paper copies, U.S. mail, and electronically. In the event of a significant business disruption, we will check with regulators to determine which means of filing are still available and use the means closest to previous filing methods. In the event that we cannot contact our regulators, we will continue to file required reports using the communication means available.
Customer Access to Funds and Securities
Customer accounts are maintained at and custodied by Alpaca Securities LLC. In the event that MARV Capital determines it is unable to continue its business, we will ensure that customers have prompt access to their funds and securities through our clearing firm. Alpaca Securities LLC, as a member of SIPC, provides protection for customer accounts up to $500,000, including $250,000 for cash claims.
Senior Manager Approval and Annual Review
A designated member of senior management, who is a registered principal, is responsible for approving this Business Continuity Plan and conducting the required annual review. The plan is updated whenever there is a material change to our operations, structure, business, or location, and is reviewed at minimum annually per FINRA Rule 4370(b). Emergency contact information is maintained and updated in the FINRA Contact System (FCS) as required by FINRA Rule 4370(f).
For More Information
The MARV Business Continuity Plan is reviewed periodically and subject to modification without notice. UnBound X maintains its own separate Business Continuity Plan. A written copy of the summary of our Business Continuity Plan will be provided to customers upon request.
If you have questions about our Business Continuity Plan, you can contact us at +1 (646) 450-5955 and/or compliance@MARVcapital.com. For UnBound X BCP questions, contact support@unboundxinc.com.
