Client Relationship Summary
Welcome to BMI Capital, a private investment bank that was constructed the same way many of our clients have constructed their businesses — with tenacity, passion, and careful planning.
BMI Capital International LLC
Client Relationship Summary
August 9, 2022
I Introduction
BMI Capital International LLC (“BMI”) is a Broker-Dealer registered with the Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”).
• Brokerage and investment advisory services and fees differ, and it is important for you to understand the 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, Registered Investment Advisors, and investing.
II What investment services and advice can you provide to me?
BMI offers Private Placements to accredited investors. BMI offers accounts with individuals, companies, joint accounts, trusts accounts. BMI’s product offerings include Private Placements. BMI does not hold customer funds or securities. We do not hold any discretionary accounts for our clients, but we will provide guidance related to investment products. The firm does not have account minimum requirements.
We do not act without your authority; you make the ultimate decision regarding the purchases or sale of securities. We do not monitor your investments. When investing with the Broker-Dealer, we are acting under Regulation Best Interest to put your needs ahead of the firm’s. We are not acting in a fiduciary capacity.
Conversation Starter – Ask your financial professional:
• Given my financial situation, should I choose a brokerage service or an investment advisory 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?
For additional information about BMI’s brokerage services, see our website at https://www.bmicapital.com/.
III What fee’s will I pay?
BMI Capital charges from 0% to 7% commission/fee Investment Banking Services. These fees are typically paid directly by securities issuers being it either private placement or public offering. However, there are occasions that you pay the commission/fee directly to us. Our fees vary and are negotiable. You will pay fees whether you make or lose money on your investments. Fees will reduce any amount of money you make on your investments.
Please make sure you understand what fees you are paying. As such, the more you make the more your fees will add up, further a potential conflict exists since we have incentive to you to engage in transactions.
For additional information, please visit our website at bmicapital.com or contact our CEO/CCO, Robert Trapp at rtrapp@bmicapital.com
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 towards fees and costs, and how much will be invested for me?
What are your legal obligations to me when providing recommendations as my Broker-Dealer? How else does your firm make money and what conflicts of interest do you have? When we provide you with a recommendation as your Broker-Dealer, 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 and investment advice, we provide you. Here are some examples to help you understand what this means.
Examples of Ways We Make Money and Conflicts of Interest
Commissions: Our professionals earn commissions income by buying, selling, and making recommendations to purchase and sell securities.
Proprietary & Affiliated Offerings: Our professionals may make recommendations in which BMI is the exclusive placement agent, meaning no other brokerage firm is offering that security, or where investment professional is affiliated with the offering.
Managing Broker-Dealer Products: We will earn higher fees and compensation or other benefits when you invest in a product for which we are the managing Broker-Dealer.
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? Financial professionals are compensated based on a percentage of revenue generated from the sales of products and services to clients. This compensation varies by product, and financial professionals are therefore incentivized to recommend products that have higher commissions and/or ongoing payments. BMI Capital may choose to compensate financial professionals with discretionary bonuses based upon certain criteria such as employee performance, merit, or customer service. Professionals may receive compensation for earning new client business or expanding client relationships in the form of discretionary bonuses.
For additional information about the fees and costs of our brokerage services please see our Regulation Best Interest Disclosure.
IV Disciplinary History
Do you or your financial professionals have legal or disciplinary History? Yes, please visit Investor.gov/CRS for a free and simple 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?
V Additional Information
If you would like additional, up-to-date information, or a copy of this disclosure, please call (631) 721-3541 or go to https://www.bmicapital.com/. Member FINRA/SIPC
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?