Common use of Stock Records Clause in Contracts

Stock Records. First Clearing shall maintain, in compliance with SEC Rules, stock records and other prescribed books and records of all transactions executed or cleared through it. Unless otherwise required by law, First Clearing shall have no obligation to maintain, or make available to Broker, such books and records after termination of this Agreement. If, however, First Clearing does make such books and records available to Broker after the termination of this Agreement, Broker shall reimburse First Clearing for its costs and expenses, if any, in retrieving such books and records. At the sole expense of Broker, First Clearing agrees to provide for a limited number (six or fewer) of Broker’s operations employees with access to client data for a period of 60 days following a conversion of accounts to a successor clearing firm