Broker-Dealer Form CRS

Broker-Dealer: Customer Relationship Summary for T.E. Laird Securities, LLC
(“Form CRS”)1, June 30, 2020

INTRODUCTION
T.E. Laird Securities, LLC (“TELSEC,” “we,” “us,” or “our”) is registered with the U.S. Securities and Exchange Commission (“SEC”) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”), Municipal Securities Rulemaking Board (“MSRB”), and Securities Investor Protection Corporation (“SIPC”). This document serves as our communication of our best interest standards of a broker-dealer relationship and to provide an overview of the products and services under such arrangements.

Brokerage and advisory services and fees differ. It is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov, which also provides educational materials about broker-dealers, investment advisers, and investing. Another source is BrokerCheck.Finra.org. We encourage you to seek additional information and ask us questions.

RELATIONSHIPS, SERVICES and ADVICE
Our primary business is investment banking and institutional brokerage. We do not offer brokerage services to “retail investors.”2 We do not make investment recommendations to retail investors or monitor your brokerage account. We also do not hold securities, trade, clear, or act as custodian. Our brokerage services involve buying and selling securities to accredited investors at their direction. You always make the ultimate decision regarding the purchase or sale of investments. We primarily advise on or offer debt, equity, and derivative securities or investments.

Questions to Ask:

  • 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?

For additional information about our services, please visit our website: lairdcapital.com.

FEES AND COSTS
When we execute transactions as “agent,” you pay us a commission, and when we execute transactions as “principal” we charge you a “mark-up” or “mark-down,” which are fees embedded in the price of the security being bought or sold, or we may charge a related “commission equivalent.” Because we are paid for transactions, we have an incentive for you to transact.

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.

Questions to Ask:

  • 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?

For additional information about our services, please visit our website: lairdcapital.com.

CONFLICTS OF INTEREST
We do not provide recommendations. 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 services, we provide you. Here are some examples to help you understand what this means.

Compensation for Underwriting: We underwrite certain securities offerings and receive underwriting fees and other benefits when we do so. These fees create an incentive for us to encourage you to invest in securities that we underwrite.

Placement Agent: We privately place securities offerings and receive fees and other benefits when we do so. These fees create an incentive for us to encourage you to invest in securities that we privately place.

Third Party Payments: We may receive payments from third parties for advice.

Questions to Ask:

  • How might your conflicts of interest affect me, and how will you address them?

For additional information about our services, please visit our website: lairdcapital.com.

HOW DO YOUR FINANCIAL PROFESSIONALS MAKE MONEY?
Our investment bankers, consultants, or salespeople are generally paid a salary and a discretionary bonus. Commissions and other revenue generated are factors in determining salary and bonus, which creates an incentive for transactions that generate revenue over those that generate no or lower revenue. We also consider other factors, such as compliance with our rules and the overall performance of TELSEC. Our consultants can also be eligible for awards from our parent company.

DO YOU OR YOUR FINANCIAL PROFESSIONALS HAVE LEGAL OR DISCIPLINARY HISTORY?
No. Visit Investor.gov/CRS and BrokerCheck.Finra.org for a free and simple search tool to research us and our financial professionals.

Questions to Ask:

  • As a financial professional, do you have any disciplinary history? For what type of conduct?

ADDITIONAL INFORMATION
You can find additional information about our brokerage services on our website: lairdcapital.com. If you would like to request additional up-to-date information or a copy of this relationship summary, please call: 612.770.8010.

Questions to Ask:

  • Who is my primary contact?
  • Is he or she a representative of a broker-dealer?
  • Who can I talk to if I have concerns about how this person is treating me?

TELSEC Form CRS 03062021. © 2020. T.E. Laird Securities, LLC. All rights reserved. Member FINRA/MSRB/SIPC.

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