Restricted and Control Stock Requirements. Introducing Firm shall be responsible for determining whether any securities held in Introducing Firm’s or its customer accounts are restricted or control securities as defined by applicable laws, rules, or regulations. Introducing Firm is responsible for assuring that orders and other transactions executed for such securities comply with such laws, rules, and regulations.
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.)