Nvstr Financial LLC – Referral Program Rules

Nvstr Financial LLC (the “Company”, “Nvstr”, “we”, “us”) would like to encourage referrals for its website, so we are establishing an online referral-based incentive program (the “Program”). Participants in the Program (“Participant[s]”) can earn awards for referring friends, family and others. The Program is governed by the following rules (the “Rules”), which may be amended from time to time and at any time by the Company. By taking part in the Program, all Participants agree that they have read all of the Rules, and agree to abide and be bound by them, as well as the Company’s Terms of Service and Privacy Policy, and any applicable laws or regulations.

  • Only natural U.S. persons age 18 or older may be Participants in the Program and qualify for awards.
  • Employees and officers of Nvstr and any parent, subsidiary, or affiliated entities, as well as their immediate family members (spouses and children), may make referrals to Nvstr but are not entitled to any Awards.
  • The Program will commence at midnight on June 21, 2018, and will be offered for a limited time. Referrals made after the end of the Program will not be counted. We may count referrals made by beta test users prior to the commencement of the program.
  • We reserve the right to conduct a similar or identical program in the future, which may be governed by the same or different rules.
  • Each Participant will be given a unique signup link containing his/her reference code. A “Referral” will be counted as any user who signs up for an Nvstr brokerage account using a Participant’s unique link, funds the account with at least $2,000, places at least one trade, and does not make net withdrawals reducing the account balance below $2,000 for 12 months after account opening. (Referrals will still be counted for account balances that drop below $2,000 due to market fluctuations or the payment of fees or commissions.)
  • Each Participant’s Referrals will be tracked by the Company, and each Participant’s number of Referrals will visible to him/her on Nvstr’s website.
  • At the conclusion of the program, Nvstr will vet Referrals to verify their legitimacy and integrity, using methods and standards established in its sole discretion. Nvstr may choose to seek assistance from one or more third parties to conduct such vetting and verification, and may rely on such assistance in making Awards.
  • Any Referrals deemed to be fraudulent, erroneous, duplicate, randomly or automatically generated, or otherwise to have been made outside these Rules and the general principles of good faith and fairness, may not be counted, in the Company’s sole discretion.
  • Any Participant deemed to have violated these Rules, acted in bad faith, or attempted to defraud the Company or cheat in the Program, is subject to any measures deemed appropriate by the Company in response, which may include without limitation a) removal from the Program, b) permanent ban from Nvstr’s products and services and related websites, c) civil penalties and/or criminal prosecution to the fullest extent allowed by governing laws and regulations.
  • Awards for Participants (the “Awards”) shall be stock appreciation rights (“SARs”) in Nvstr Technologies LLC (“Parent”, the parent company of Nvstr) per Referral, up to a maximum award of 5,000 SARs per Participant.
  • The number of SARs per Referral may vary over time and from time to time as determined by Nvstr in its sole discretion, provided that the number of SARs awarded per referral at any given time will be communicated by the Company to all Participants, and awards per completed Referral will not be retroactively reduced.
  • A brokerage account with the Company must be opened prior to the end of the Program in order to claim Awards.
  • No purchase is necessary to participate in the Program. We will not collect credit card, bank account, or other payment information from Participants as a condition to participate in the Program.
  • SARs will be awarded in the form of cash-settled appreciation rights linked to the value of Parent’s Class B Units in excess of their value at the time the Award is granted. Additional agreements and documentation will be required from Award winners who receive SARs.
  • The Program does not constitute an offer or solicitation to buy or sell any security.
  • The Program is not a lottery or game of chance.
  • Supervision of the Program and any accounts or information created during its course may be transferred to subsidiaries or other affiliates of the Company.
  • Nvstr is committed to protecting your privacy and maintaining the highest standards of security. Please check our Privacy Policy and Terms of Service for more information.
  • The Program shall be administered and interpreted by Nvstr, which shall have sole authority to make rules and regulations for the administration of the Program. The interpretations and decisions of Nvstr with regard to the Program shall be final and conclusive and binding upon all Participants.
  • Nvstr reserves the right to suspend, terminate, or amend the Program at any time, and from time to time, in its sole discretion, including but not limited to situations where a change to its structure or the Awards is necessary or appropriate to comply with relevant laws or regulations. The Company may place a limit on the total number of SARs awarded, in its sole discretion, provided that awards validly earned by Participants prior to such announcement will be honored.
  • Nvstr makes no representations or warranties concerning the Program or participation in the Program. Each person participates at his/her own risk. Awards may fluctuate significantly in value and may have no value.
  • No Participant may engage in any conduct that violates any law, contractual obligation, terms of use or constitutes harassing or unacceptable conduct, as determined by Nvstr in its sole discretion.
  • This Program is governed by the laws of the State of New York, without regard to conflict-of-laws principles.