Common use of Scope of Activities Clause in Contracts

Scope of Activities. A. Customer accounts established at DriveWealth will be restricted to only trading activities in the Securities. The Customer will not be allowed to participate in other brokerage activities offered through DriveWealth, including the purchase and sale of equities, unless such Customer maintains an additional DriveWealth account(s) that is permitted to engage in such activity. 3. Receipt and Delivery of Funds and Securities A. Payment/Delivery: DriveWealth shall perform cashiering functions for Accounts introduced by Issuer. These functions shall include receipt and delivery of Securities; receipt and payment of funds owed by or to Customers; and provision of custody for Securities and funds. Issuer, or Issuer’s intermediary broker-dealer, shall provide DriveWealth with Instructions that are necessary or appropriate to permit DriveWealth to perform its obligations under this Paragraph.