Knowledge of Customer and Customer’s Investment Objectives Clause Samples

Knowledge of Customer and Customer’s Investment Objectives. Correspondent will be responsible for learning and documenting all the required information relating to each and every Customer in order to ensure compliance by Correspondent with applicable rules and regulations and to ensure that each recommendation of an investment strategy or instrument, if any, as well as each account type utilized by the Customer is suitable. This required information includes, but is not limited to, all of the information and instructions submitted to Apex pursuant to Section 2(a), any additional facts relative to the Customer’s investment objectives, and every person holding power of attorney over any Customer Account. It shall be the responsibility of Correspondent to ensure that those of its Customers who open Accounts hereunder shall not be minors or otherwise legally incompetent and Correspondent will comply with Fl RA incorporated NYSE Rule 407 and other laws, rules, or regulations that govern the manner and circumstances in which accounts may be opened or transactions authorized. As between Apex and Correspondent. Correspondent shall be the pa1ty solely responsible for any issues regarding the suitability of any investments and account type selections for its Customers.
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Knowledge of Customer and Customer’s Investment Objectives. CLAY will be responsible for learning and documenting all the facts relative to every Customer necessary to insure compliance by CLAY with applicable rules and regulations, including the information and instructions submitted to FSWC pursuant to Section 2(a)(I), any additional facts relative to the Customer's investment objectives, and to the nature of every Customer Account, every order and every person holding power of attorney over any Customer Account. It shall be the responsibility of CLAY to ensure that those of its Customers who open or maintain Accounts hereunder shall not be minors; and CLAY will not accept Accounts for such persons as come within the express provisions of Rule 3050 of the Conduct Rules of the NASD, relating to transactions for or by associated persons, unless CLAY has complied with the provisions of said Rule and, if applicable, provided evidence of employer approval as required by said Rule. CLAY shall be solely responsible for any issues regarding the suitability of any investments for CLAY’s Customers.
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Knowledge of Customer and Customer’s Investment Objectives. ALEX WILL be responsible for learning and documenting all the facts relative to every Customer necessary to insure compliance by ALEX with applicable rules and regulations, including, the information and instructions submitted to FSWC pursuant to Section 2(a)(1), any additional facts relative to the Customer's investment objectives, and to the nature of every, Customer Account, every order and every person holding power of attorney over any Customer Account. It shall be the responsibility of ALEX to ensure that those of its Customers who open or maintain Accounts hereunder shall not be minors; and ALEX will not accept Accounts for such persons as come within the express provisions of Rule 3050 of the Conduct Rules of the NASD, relating to transactions for or by associated persons, unless ALEX has complied with the provisions of said Rule and, if applicable, provided evidence of employer approval as required by said Rule. ALEX shall be solely responsible for any issues regarding the suitability of any investments for ALEX'S Customers.
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Knowledge of Customer and Customer’s Investment Objectives. Correspondent shall be solely and exclusively responsible through a general partner, a principal executive officer or a person designated for supervisory responsibilities to use due diligence to learn the essential facts relative to every Customer and Account, every order for any Account, and every person holding power of attorney over any Account, and to supervise diligently all Accounts handled by Correspondent’s registered representatives so as to be in full compliance with all Laws and Rules. The preparation or possession of surveillance records, exception reports and other similar data by ICS shall not obligate ICS to establish policies, practices or procedures relating to such materials. Correspondent shall be solely and exclusively responsible for ensuring that the Customers are not minors and do not otherwise lack the capacity to enter into a contract and are not prohibited from opening a securities account under the Laws and Rules.
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Related to Knowledge of Customer and Customer’s Investment Objectives

  • Significant Customers and Suppliers No customer or supplier which was significant to the Company during the period covered by the Financial Statements or which has been significant to the Company thereafter, has terminated or breached, materially reduced or threatened to terminate, breach or materially reduce its purchases from or provision of products or services to the Company, as the case may be.

  • Suppliers and Customers (a) The Company has adequate sources of supply for its business as currently conducted and as proposed to be conducted. The Company has good relationships with all of its material sources of supply of goods and services and does not anticipate any material problem with any such material sources of supply. (b) The Company has no knowledge that the customer base of the Company might materially decrease.

  • Major Customers The following table reflects the major customers of the Partnership's oil and gas sales (a major customer is defined as a customer whose sales exceed 10% of total sales) during the years ended December 31: 1998 1997 1996 ---- ---- ---- Genesis Crude Oil, L.P...................................... 66% 66% 67% Western Gas Resources, Inc. ................................ 21% 17% 15% At December 31, 1998, the amounts receivable from Genesis Crude Oil, L.P. and Western Gas Resources, Inc. were $13,053 and $11,532, respectively, which are included in the caption "Accounts receivable -- oil and gas sales" in the accompanying Balance Sheet. The Partnership's share of oil and gas production is sold to various purchasers. Pioneer USA is of the opinion that the loss of any one purchaser would not have an adverse effect on the ability of the Partnership to sell its oil and gas production.

  • Sub-Advisor Compliance Policies and Procedures The Sub-Advisor shall promptly provide the Trust CCO with copies of: (i) the Sub-Advisor’s policies and procedures for compliance by the Sub-Advisor with the Federal Securities Laws (together, the “Sub-Advisor Compliance Procedures”), and (ii) any material changes to the Sub-Advisor Compliance Procedures. The Sub-Advisor shall cooperate fully with the Trust CCO so as to facilitate the Trust CCO’s performance of the Trust CCO’s responsibilities under Rule 38a-1 to review, evaluate and report to the Trust’s Board of Trustees on the operation of the Sub-Advisor Compliance Procedures, and shall promptly report to the Trust CCO any Material Compliance Matter arising under the Sub-Advisor Compliance Procedures involving the Sub-Advisor Assets. The Sub-Advisor shall provide to the Trust CCO: (i) quarterly reports confirming the Sub-Advisor’s compliance with the Sub-Advisor Compliance Procedures in managing the Sub-Advisor Assets, and (ii) certifications that there were no Material Compliance Matters involving the Sub-Advisor that arose under the Sub-Advisor Compliance Procedures that affected the Sub-Advisor Assets. At least annually, the Sub-Advisor shall provide a certification to the Trust CCO to the effect that the Sub-Advisor has in place and has implemented policies and procedures that are reasonably designed to ensure compliance by the Sub-Advisor with the Federal Securities Laws.

  • Presentation of Potential Target Businesses The Company shall cause each of the Initial Shareholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Shareholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire an operating business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing fiduciary obligations the Initial Shareholders might have.