# EDGAR Filing Document

**Accession Number:** 0001771015
**File Stem:** 0001771015-23-000003
**Filing Date:** 2023-3
**Character Count:** 20132
**Document Hash:** 3386c353d97a99250b0564bb2b4680ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001771015-23-000003.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001771015-23-000003

**CONFORMED SUBMISSION TYPE**: SBSE/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cowen Financial Products LLC
- **CENTRAL INDEX KEY:** 0001771015
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SBSE/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 026-00059
- **FILM NUMBER:** 23757775

**BUSINESS ADDRESS:**
- **STREET 1:** 599 LEXINGTON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 6465621000

**MAIL ADDRESS:**
- **STREET 1:** 599 LEXINGTON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

### Attached PDF Documents

**Attachment 1:** `form9935summaryofchgs0323.pdf`

Form 99.35 Summary of Changes to Form SBSE dated March 1, 2023 due to acquisition of Cowen Financial Product's LLC indirect parent Cowen Inc. by Toronto-Dominion Bank.

**Change #1:**

Question 13B: *Directly or indirectly, is applicant controlled by any bank holding company or does applicant control, is applicant controlled by, or is applicant under common control any bank or any foreign bank*

Change to **YES**

Also completed Schedule 13B of Schedule D

**Change #2**

Schedule B-Adding 3 Indirect Owners

**Change #3**

**Section IV Item 12A of Form SBSE Schedule D**-included description the nature of the control agreement for the 1 added entity (The Toronto-Dominion Bank) and added two additional control persons (no further option to include additional entities in the form) including description of control relationship

| Section IV | Record Maintenance Arrangements / Business Arrangements / Control Persons / Financings |
| --- | --- |
| (Check one) [ ] Item 11A [ ] Item 11B [x] Item 12A [ ] Item 12B |  |
| Applicant must complete a separate Schedule D Page 1 for each affirmative response in this section including any multiple responses to any item. Complete the "Effective Date" box with the Month, Day and Year that the arrangement or agreement became effective. When reporting a change or termination of an arrangement, enter the effective date of the change. |  |

| Firm or Organization Name The Toronto-Dominion Bank | SEC File, CRD, NFA, IARD, UIC, foreign business No., and/or CIK Number (if any) CIK-0000947263 |
| --- | --- |

| Business Address (Street, City, State/Country, Zip + 4 Postal Code) TD BANK TOWER 66 WELLINGTON STREET WEST TORONTO, ONTARIO, CANADA M5K 1A2 | Effective Date MM DD YYYY 03 /01 /2023 | Effective Date MM DD YYYY / / |
| --- | --- | --- |
| Individual Name | CRD, NFA, and/or IARD Number (if any) |  |
| Business Address (if applicable) (Street, City, State/Country, Zip + 4 Postal Code) | Effective Date MM DD YYYY / / | Effective Date MM DD YYYY / / |
| Briefly describe the nature of the arrangement with respect to books or records (ITEM 11A); the nature of the execution, trading, custody, clearing or settlement arrangement (ITEM 11B);the nature of the control or agreement (ITEM 12A); or the method and amount of financing (ITEM 12B). Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS AN INDIRECT OWNER AND ULTIMATE PARENT OF THE APPLICANT |  |  |

| Section IV | Record Maintenance Arrangements / Business Arrangements / Control Persons / Financings |
| --- | --- |
| (Check one) ☐ Item 11A ☐ Item 11B ☑ Item 12A ☐ Item 12B |  |
| Applicant must complete a separate Schedule D Page 1 for each affirmative response in this section including any multiple responses to any item. Complete the “Effective Date” box with the Month, Day and Year that the arrangement or agreement became effective. When reporting a change or termination of an arrangement, enter the effective date of the change. |  |

| Firm or Organization Name TORONTO DOMINION HOLDINGS (U.S.A.), INC. | SEC File, CRD, NFA, IARD, UIC, foreign business No., and/or CIK |
| --- | --- |

|  | Number (if any) UIC/LEI: 549300YQDGZ24IX40M56 |  |
| --- | --- | --- |
| Business Address (Street, City, State/Country, Zip + 4 Postal Code) 1 VANDERBILT AVE. NEW YORK, NY 10017 | Effective Date MM DD YYYY 03/01/2023 | Effective Date MM DD YYYY / / |
| Individual Name | CRD, NFA, and/or IARD Number (if any) |  |
| Business Address (if applicable) (Street, City, State/Country, Zip + 4 Postal Code) | Effective Date MM DD YYYY / / | Effective Date MM DD YYYY / / |
| Briefly describe the nature of the arrangement with respect to books or records (ITEM 11A); the nature of the execution, trading, custody, clearing or settlement arrangement (ITEM 11B);the nature of the control or agreement (ITEM 12A); or the method and amount of financing (ITEM 12B). Use reverse side of this sheet for additional comments if necessary. TORONTO DOMINION HOLDINGS (U.S.A.), INC. IS THE PARENT OF COWEN INC. AND AN INDIRECT OWNER OF THE APPLICANT. |  |  |

| Section IV | Record Maintenance Arrangements / Business Arrangements / Control Persons / Financings |
| --- | --- |
| (Check one) ☐ Item 11A ☐ Item 11B ☑ Item 12A ☐ Item 12B |  |
| Applicant must complete a separate Schedule D Page 1 for each affirmative response in this section including any multiple responses to any item. Complete the “Effective Date” box with the Month, Day and Year that the arrangement or agreement became effective. When reporting a change or termination of an arrangement, enter the effective date of the change. |  |

| Firm or Organization Name TD GROUP US HOLDINGS LLC | SEC File, CRD, NFA, IARD, UIC, foreign business No., and/or CIK Number (if any) UIC/LEI: 549300ARWZ5E3L64UH29 |  |
| --- | --- | --- |
| Business Address (Street, City, State/Country, Zip + 4 Postal Code) 251 LITTLE FALLS DRIVE WILMINGTON, DE 19808 | Effective Date MM DD YYYY 3 /01 /2023 | Effective Date MM DD YYYY / / |
| Individual Name | CRD, NFA, and/or IARD Number (if any) |  |
| Business Address (if applicable) (Street, City, State/Country, Zip + 4 Postal Code) | Effective Date MM DD YYYY / / | Effective Date MM DD YYYY / / |
| Briefly describe the nature of the arrangement with respect to books or records (ITEM 11A); the nature of the execution, trading, custody, clearing or settlement arrangement (ITEM 11B);the nature of the control or agreement (ITEM 12A); or the method and amount of financing (ITEM 12B). Use reverse side of this sheet for additional comments if necessary. TD GROUP US HOLDINGS LLC IS AN INTERMEDIATE HOLDING COMPANY, THE INDIRECT OWNER OF THE APPLICANT, AND A SUBSIDIARY OF THE TORONTO-DOMINION BANK |  |  |

**Change #4**-adding additional affiliates to 13A that could not be included in the Form SBSE

SBSD Schedule D

| Section V Complete this section for control issues relating to ITEM 13A only. |  |  |  |
| --- | --- | --- | --- |
| The details supplied relate to: Cowen Financial Products LLC |  |  |  |
| 16 | Partnership, Corporation, or Organization Name TD Investment Services, Inc. | CRD Number (if any) | UIC Number (if any) |

| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| --- | --- | --- | --- |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) TD BANK TOWER 66 WELLINGTON STREET WEST TORONTO, ONTARIO, CANADA M5K 1A2 | Effective Date MM DD YYYY 03 /01/2023 | Termination Date MM DD YYYY / / |  |
| Is Partnership, Corporation or Organization a foreign entity' [x] Yes [ ] No | If Yes, provide country of domicile or incorporation' Canada | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD INVESTMENT SERVICES, INC., A CANADIAN MUTUAL FUND DEALER |  |  |  |
| 17. | Partnership, Corporation, or Organization Name TD Prime Services LLC | CRD Number (if any) 1914 | UIC Number (if any) |
| (check only one) |  |  |  |

| This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| --- | --- | --- | --- |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) 1 VANDERBILT AVE. NEW YORK, NY 10017 | Effective Date MM DD YYYY 03 /01 /2023 | Termination Date MM DD YYYY / / |  |
| Is Partnership, Corporation or Organization a foreign entity' [ ] Yes [x] No | If Yes, provide country of domicile or incorporation' | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD PRIME SERVICES LLC |  |  |  |

| Section V Complete this section for control issues relating to ITEM 13A only. |  |  |  |
| --- | --- | --- | --- |
| The details supplied relate to: Cowen Financial Products LLC |  |  |  |
| 18. | Partnership, Corporation, or Organization Name TD Private Client Wealth LLC | CRD Number (if any) 164484 | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) 1 VANDERBILT AVE. NEW YORK, NY 10017 |  | Effective Date MM DD YYYY 03 /01/2023 | Termination Date MM DD YYYY / / |
| Is Partnership, Corporation or Organization a foreign entity' [ ] Yes [x] No | If Yes, provide country of domicile or incorporation' | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [x] Yes [ ] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. |  |  |  |
| THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD PRIVATE CLIENT WEALTH LLC |  |  |  |
| 19. | Partnership, Corporation, or Organization Name TD Securities (USA) LLC | CRD Number (if any) 18476 | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |

| Business Address (Street, City, State/Country, Zip + 4/Postal Code) 1 VANDERBILT AVE. NEW YORK, NY 10017 |  | Effective Date MM DD YYYY 03 /01 /2023 | Termination Date MM DD YYYY / / |  |
| --- | --- | --- | --- | --- |
| Is Partnership, Corporation or Organization a foreign entity" [ ] Yes [x] No | If Yes, provide country of domicile or incorporation" | Check "Yes" or "No" for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No |  | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD SECURITIES (USA) LLC |  |  |  |  |

| Section V Complete this section for control issues relating to ITEM 13A only. |  |  |  |
| --- | --- | --- | --- |
| The details supplied relate to: Cowen Financial Products LLC |  |  |  |
| 20. | Partnership, Corporation, or Organization Name TD Securities Automated Trading LLC | CRD Number (if any) 154838 | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) 71 S. Wacker Dr. Ste 2940 Chicago, IL 60606 |  | Effective Date MM DD YYYY 03 /01/2023 | Termination Date MM DD YYYY / / |
| Is Partnership, Corporation or Organization a foreign entity' [ ] Yes [x] No | If Yes, provide country of domicile or incorporation' | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. |  |  |  |
| THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD SECURITIES AUTOMATED TRADING LLC |  |  |  |
| 21. | Partnership, Corporation, or Organization Name TD Securities Inc. | CRD Number (if any) | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |

| Business Address (Street, City, State/Country, Zip + 4/Postal Code) TD BANK TOWER 66 WELLINGTON STREET WEST TORONTO, ONTARIO, CANADA M5K 1A2 |  | Effective Date MM DD YYYY 03 /01 /2023 | Termination Date MM DD YYYY / / |
| --- | --- | --- | --- |
| Is Partnership, Corporation or Organization a foreign entity' [x] Yes [ ] No | If Yes, provide country of domicile or incorporation' Canada | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD SECURITIES INC. |  |  |  |

| Section V Complete this section for control issues relating to ITEM 13A only. |  |  |  |
| --- | --- | --- | --- |
| The details supplied relate to: Cowen Financial Products LLC |  |  |  |
| 22. | Partnership, Corporation, or Organization Name TD WATERHOUSE PRIVATE INVESTMENT COUNSEL INC. | CRD Number (if any) | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) TD BANK TOWER 66 WELLINGTON STREET WEST TORONTO, ONTARIO, CANADA M5K 1A2 |  | Effective Date MM DD YYYY 03 /01/2023 | Termination Date MM DD YYYY / / |
| Is Partnership, Corporation or Organization a foreign entity' [x] Yes [ ] No | If Yes, provide country of domicile or incorporation' Canada | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. |  |  |  |
| THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD WATERHOUSE PRIVATE INVESTMENT COUNSEL INC. |  |  |  |
| 23. | Partnership, Corporation, or Organization Name TORONTO DOMINION (SOUTH EAST ASIA) LIMITED | CRD Number (if any) | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |

| Business Address (Street, City, State/Country, Zip + 4/Postal Code) 1 TEMASEK AVENUE #15-02 MILLENIA TOWER SINGAPORE, REPUBLIC OF SINGAPORE 039192 |  | Effective Date MM DD YYYY 03 /01 /2023 | Termination Date MM DD YYYY / / |
| --- | --- | --- | --- |
| Is Partnership, Corporation or Organization a foreign entity' [x] Yes [ ] No | If Yes, provide country of domicile or incorporation' Republic of Singapore | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [x] Yes [ ] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TORONTO DOMINION (SOUTH EAST ASIA) LIMITED. |  |  |  |

| Section V Complete this section for control issues relating to ITEM 13A only. |  |  |  |  |
| --- | --- | --- | --- | --- |
| The details supplied relate to: Cowen Financial Products LLC |  |  |  |  |
| 24. | Partnership, Corporation, or Organization Name TD Securities Limited |  | CRD Number (if any) | UIC Number (if any) |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |  |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) TRITON COURT 14/18 FINSBURY SQUARE LONDON, ENGLAND, UNITED KINGDOM EC2A 1DB |  |  | Effective Date MM DD YYYY 03/01/2023 | Termination Date MM DD YYYY / / |
| Is Partnership, Corporation or Organization a foreign entity" [x] Yes [ ] No |  | If Yes, provide country of domicile or incorporation" United Kingdom | Check "Yes" or "No" for activities of this partnership Corporation, or organiz: Securities Activities: [ ] Yes [x] No | Investment Advisory Activities: : [x] Yes [ ] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD SECURITIES LIMITED |  |  |  |  |
| 25. | Partnership, Corporation, or Organization Name TD Waterhouse Canada Inc. |  | CRD Number (if any) | UIC Number (if any) |
| (check only one) |  |  |  |  |

| This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| --- | --- | --- | --- |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) TD BANK TOWER 66 WELLINGTON STREET WEST TORONTO, ONTARIO, CANADA M5K 1A2 | Effective Date MM DD YYYY 03 /01 /2023 | Termination Date MM DD YYYY / / |  |
| Is Partnership, Corporation or Organization a foreign entity' [x] Yes [ ] No | If Yes, provide country of domicile or incorporation' Canada | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TD WATERHOUSE CANADA INC., A CANADIAN BASED DISCOUNT BROKER. |  |  |  |

| 26. | Partnership, Corporation, or Organization Name TORONTO DOMINION AUSTRALIA LIMITED | CRD Number (if any) | UIC Number (if any) |
| --- | --- | --- | --- |
| (check only one) This Partnership, Corporation, or Organization [ ] controls applicant [ ] is controlled by applicant [x] is under common control with applicant |  |  |  |
| Business Address (Street, City, State/Country, Zip + 4/Postal Code) L 24 9 CASTLEREAGH STREET SYDNEY, NSW, AUSTRALIA 2000 |  | Effective Date MM DD YYYY 03 /01 /2023 | Termination Date MM DD YYYY / / |
| Is Partnership, Corporation or Organization a foreign entity' [x] Yes [ ] No | If Yes, provide country of domicile or incorporation' Australia | Check 'Yes' or 'No' for activities of this partnership Corporation, or organiz: Securities Activities: [x] Yes [ ] No | Investment Advisory Activities: : [ ] Yes [x] No |
| Briefly describe the control relationship. Use reverse side of this sheet for additional comments if necessary. |  |  |  |
| THE TORONTO-DOMINION BANK IS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND TORONTO DOMINION AUSTRALIA LIMITED. |  |  |  |

# Change #5 -Regulatory Disclosure Page

Added two affiliates with disclosures: TD Prime Services LLC and TD Securities (USA) LLC

I also checked off 14E(4) due to a DRP for TD Prime Services LLC related to a former control affiliate (Albert Fried Jr.) of a predecessor entity called Albert Fried-disclosure dates to 1980.