Common use of Control or Restricted Securities Clause in Contracts

Control or Restricted Securities. Prior to placing an order in connection with any securities subject to Rule 144 or 145(d) of the Securities Act of 1933, you shall advise TradeStation Securities of the status of the securities and furnish us with the necessary documents to clear legal transfer. You acknowledge that there may be delays involved with the processing of control or restricted securities and that TradeStation Securities will not be liable for any losses caused directly or indirectly by such delays. TradeStation Securities may, in its sole discretion, require that control or restricted securities not be sold or transferred until such securities clear legal transfer.

Control or Restricted Securities. Prior to placing an order in connection with any securities subject to Rule 144 or 145(d) of the Securities Act of 1933, you shall understand and agree that you must advise TradeStation Securities us of the status of the securities and furnish us with the necessary documents (including opinions of legal counsel, if requested) to clear legal transfer. You acknowledge that there may be delays involved with the processing of control or restricted securities securities, and that TradeStation Securities you will not be hold us liable for any losses caused directly or indirectly by with such delays. TradeStation Securities We or Clearing Firm may, in at our or its sole discretion, require that control or restricted securities not be sold or transferred until such securities clear legal transfer.