Users and Accounts. Karmeq is structured as an Introducing Broker/Dealer for publicly traded stocks and exchange- traded funds (“ETFs”). In this TOU, the words “brokerage” account and “investment” account have the same meaning and may be used interchangeably. A brokerage or investment account refers to a type of financial account that contains a deposit of funds and/or securities that is held at a financial institution in order to make buy and sell transactions of securities. Karmeq’s clearing and custody firm is Apex Clearing, headquartered in Dallas, TX. The Service offered by Karmeq covers an array of research, investment and related capabilities and different users may elect to use part or all of the services (“user tiers”): ▪ Users who only browse information and post comments (lawful and in good taste) viewable by others. ▪ Guest Users who submit stock gift orders in addition to the above capabilities. ▪ Account Holders who enjoy the full range of available Services, including the trading and gifting (or receiving) of the Securities covered herein. • Minors under age 13 • Minors age 13 and older • Adults Each respective user tier may have its own signup requirements and designated Service capabilities. You understand and agree that You cannot unilaterally shift back and forth among the respective user tiers. Users may hold one brokerage account or multiple accounts at Karmeq. You as a user or account holder assert that you are of appropriate legal age to use Karmeq’s available features and Services depending upon your particular age group. As discussed in Section 11 involving the Gifting and Receiving of Stock (Securities), certain uses of the Service may be available only to those respective users who create brokerage Accounts at Karmeq. Givers Receivers Guest Users1 may give gifts; must setup individual User profiles to access Market Data and initiate gift orders may not receive gifts; must be Account Holders in order to receive gifts Account Holders Individual (Adult) UTMA Custodial (Minor) Parent or Guardian Minor may give may receive During the user, guest user and/or brokerage account registration processes, Karmeq may be required to by law to collect personal information from you in order to properly establish your identity. Additionally, Karmeq may ask for other information that will be helpful in managing your account. Karmeq will request proper identifying information - such as Your full legal name, residential address, social security number or tax ID number, date of birth, country of citizenship, tax status, country of tax residency, and copies of valid identifying documents – in order to comply with federal and/or state laws. You hereby and irrevocably permit Karmeq to use, retain, and share the information as provided by You pursuant to our Privacy Policy. If You do not meet legal age requirements subject to Your applicable jurisdiction, You will need to first obtain the consent of a parent or guardian in order to use the Service, and such parent or guardian may then create a Custodial brokerage account on your behalf. For the creation of such account, Karmeq will ask Your parent or guardian for proper identifying information for both You and Your parent or guardian. Your parent or guardian is responsible for ensuring that the information designated in Your brokerage account is always true and accurate. By using the Service, You are expressly appointing Karmeq as an agent in executing any written and verbal instructions, or transactional orders conveyed to Karmeq. Karmeq may be acting as your agent or as agent for your beneficiary in fulfilling your instructions. You understand that Your Account may come pre-set with certain default preferences and settings, and that You may change them at your own discretion. Additional terms for Your investment Account are set forth below and hereby incorporated into these TOU by reference. You understand and agree to payment for Service in accordance with Karmeq’s TOU and Fee Schedule, which may be updated at any time.
Appears in 1 contract
Sources: Terms of Use
Users and Accounts. Karmeq is structured as an Introducing Broker/Dealer for publicly traded stocks and exchange- traded funds (“ETFs”). In For purposes of this TOU, the words “brokerage” account and “investment” account have the same meaning and may be used interchangeably. A brokerage or investment account refers to a type of financial account that contains a deposit of funds and/or securities that is held at a financial institution in order to make buy and sell transactions of securitiesmeaning. Karmeq’s clearing and custody firm is Apex Clearing, headquartered in Dallas, TX. The Service offered by Karmeq covers an array of research, investment and related capabilities and may suit different users may elect to use part or all of the services (“user tiers”): : ▪ Users who only browse information and post comments (lawful and in good taste) viewable by others. ▪ Guest Users who submit stock gift orders in addition to the above capabilities. ▪ Account Holders who enjoy the full range of available ServicesService, including the trading and gifting (or receiving) of the Securities covered hereinbrokerage Securities. • Minors under age 13 • Minors age 13 and older • Adults Each respective user tier may have its own signup requirements and designated Service capabilities. You understand and agree that You cannot unilaterally readily shift back and forth among the respective user tiers. Users may hold one brokerage account or multiple accounts at Karmeq. You as a user or account holder assert that you are of appropriate legal age to use Karmeq’s available features and Services depending upon your particular age group. As discussed in Section 11 involving the Gifting and Receiving of Stock (Securities), certain uses of the Service may be available only to those respective users who create brokerage Accounts at Karmeq. Givers Receivers Guest Users1 may give gifts; must setup individual User profiles to access Market Data and initiate gift orders may not receive gifts; must be Account Holders in order to receive gifts Account Holders Individual (Adult) UTMA Custodial (Minor) Parent or Guardian Minor may give may receive During the user, guest user and/or brokerage account registration processes, Karmeq may be required to by law to collect and retain personal information from you in order to properly establish your identityas voluntarily provided by You. Additionally, Karmeq may ask for other information that will be helpful in managing your account. Karmeq will request proper identifying information - such as Your full legal name, residential address, social security number or tax ID number, date of birth, country of citizenship, tax status, country of tax residency, and copies of valid identifying documents – in order to comply with federal and/or state laws. Notwithstanding any proprietary or privacy rights which You may have to such information, You hereby and irrevocably permit Karmeq to use, retain, and share the information as provided by You pursuant to our Privacy Policy. You understand and agree that efforts to use and share Your information cannot be undone. If You do not meet legal age requirements subject to the Your applicable jurisdiction, You will need to first obtain the consent of a parent or guardian in order to use the Service, and such parent or guardian may then create a Custodial brokerage account on your behalf. For the creation of such account, Karmeq will ask Your parent or guardian for proper identifying information for both You and Your parent or guardian. You and/or Your parent or guardian is are responsible for ensuring that the information designated in Your brokerage account is always true and accurateaccurate at all times. By using the Serviceagreeing to this TOU, You are expressly appointing Karmeq as an Your express agent in executing any written and verbal instructions, or transactional orders conveyed to Karmeq. Karmeq may be acting as your agent or as agent for your beneficiary in fulfilling your instructionsthrough Your use of the Service. You understand that Your Account may come pre-set with certain default preferences and settings, and that You may change them at your own discretion. Additional terms for Your investment Account are set forth below and hereby incorporated into these TOU by reference. You understand and agree to payment for Service in accordance with Karmeq’s TOU and Fee Schedule, which may be updated at any time.
Appears in 1 contract
Sources: Terms of Use