Introducing Firm Responsibility. Introducing Firm shall be responsible for all internal operations related to its business including without limitation (i) all accounting, bookkeeping, record-keeping, commodity transactions, or any other transactions not involving securities; or any matter not contemplated by this Agreement; (ii) preparation of Introducing Firm’s payroll records, financial statements, or any analysis thereof; and (iii) preparation or issuance of checks in payment of Introducing Firm’s expenses, other than expenses incurred by Clearing Agent on behalf of Introducing Firm pursuant to this Agreement.
Appears in 3 contracts
Sources: Fully Disclosed Clearing Agreement (Cowen Group, Inc.), Fully Disclosed Clearing Agreement (Cowen Group, Inc.), Fully Disclosed Clearing Agreement (Cowen Group, Inc.)