Common use of ACCOUNT PROCEDURES Clause in Contracts

ACCOUNT PROCEDURES. Identification 35.1 The CLIENT acknowledges that applicable laws require financial institutions to obtain, verify, and record information identifying each person who opens an account. 35.2 The CLIENT further acknowledges that TRADESMART makes efforts to prevent fraud and to confirm the CLIENT's identity. 35.3 Accordingly, the CLIENT has provided TRADESMART, or shall provide TRADESMART promptly following the opening of the trading account, with certain identifying information and documents as shall be requested by TRADESMART, including but not limited to a copy of the CLIENT's ID, a copy of the CLIENT's utility bill (e.g., phone bill, property tax bill), and copies of both sides of the CLIENT's credit card (in the event deposit has been made through credit card). 35.4 The CLIENT confirms that CLIENT has provided true, accurate, current and complete information during the registration process, and that the CLIENT has not impersonated any person or entity, or misrepresented any affiliation with another person, entity or association, used false headers or otherwise concealed the CLIENT's identity from TRADESMART for any purpose.