What data do we need from you?
While setting up an account with us, we will request the following information from you:
Social profile information - Display Name, Username, Email address, Pictures, Interests, Friends, and Contacts.
Security information/App lock - Pin, Face ID, Biometrics.
Profile information - Full legal name, Birthday, Citizenship, Address.
Financial profile - Income, sources of funds and estimated investment amount.
Affiliations information - whether you are affiliated or work with the US-registered broker-dealer or FINRA, a senior executive or 10% shareholder at a publicly-traded company, and whether you are a current or former politically exposed person.
Identity Verification - Photo ID.
We may ask for you to provide additional documents such as proof of address (utility bills, mortgage agreement, etc) or proof of your source of wealth/funds (payslips, bank statement, invoices, inheritance confirmations, etc) where required.
Why do we need your data?
As part of the KYC (Know Your Customer) requirements, we will request that you provide us with various information to set up your account with Shares. This is in line with regulatory requirements firms must meet when providing financial services. We might need further information from you once your account is up and running and will contact you in such a case. The main purpose of gathering information about our users is to protect them against money laundering, fraud and corruption.