Compounded Interest. You understand and agree that the interest charges imposed on your Account at the close of one charge period will be compounded, that is, added to the opening balance for the next charge period unless paid, thereby becoming part of the principal amount and bearing like interest. Short Sales. Short sales may only be made in margin accounts and are subject to initial margin and margin maintenance requirements. You must designate any short sale at the time you place the order. In order to facilitate a short sale, the security that you are selling short must be able to be borrowed to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Clearing Firm will attempt to Securities Loans. You may be charged additional fees in connection with establishing and maintaining a short position and such charges may be disclosed to you at the time a short position is established or may be imposed or increased from time to time in light of changing market conditions. When a security that you have sold short is no longer easy-to-borrow, we may make an immediate change to any fees that may be paid by you or assessed to your margin account to reflect current market rates relating to the borrow. Restricted Securities. Client will not buy sell, or margin (borrow against) any securities of a corporation of which Client is a director, executive officer, or 10% stockholder, or are otherwise classified as a control person, insider or affiliate of the issuer, or sell any securities that are subject to any restrictions on resale (whether by law, contract or legend on the security) or are not traded on or through a national securities exchange, automated quotation system, or other nationally recognized published interdealer quotation system, unless such purchase, sale, or loan has been disclosed in writing and agreed to by Introducing Firm.
Appears in 6 contracts
Samples: Brokerage Account Agreement, Brokerage Account Agreement, Brokerage Account Agreement
Compounded Interest. You understand and agree that the interest charges imposed on your Account at the close of one charge period will be compounded, that is, added to the opening balance for the next charge period unless paid, thereby becoming part of the principal amount and bearing like interest. Short Sales. : Short sales may only be made in margin accounts and are subject to the initial margin and margin maintenance requirementsrequirements set forth above. You must designate any Any short sale must be designated as such by you at the time you place the such an order. In order to facilitate a short sale, the security that you are selling short must be able to be borrowed to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Clearing Firm will attempt to Securities Loansre-borrow the securities. You However, if Clearing Firm is unable to re-borrow the securities, it may be charged additional fees in connection with establishing and maintaining a forced to cover your short position and such charges may be disclosed to you by purchasing the securities on the open market at the time then current market price without notice to you. If a short position is established or may closed out, you will be imposed or increased from time to time in light of changing market conditions. When a security that you have sold short is no longer easy-to-borrow, we may make an immediate change to liable for any fees that may be paid resulting losses and all associated costs incurred by you or assessed to your margin account to reflect current market rates relating to the borrowus. Restricted Securities. : Client will not buy sell, or margin (borrow against) any securities of a corporation of which Client is a director, executive officer, or 10% stockholder, or are otherwise classified as a control person, insider person or affiliate of the issuerinsider, or sell any securities that are subject to any restrictions on resale (whether by law, contract or legend on the security) or are not traded on or through a national securities exchange, automated quotation system, or other nationally recognized published interdealer quotation system, unless such purchase, sale, or loan has been disclosed in writing and agreed to by Introducing FirmTPMR.
Appears in 1 contract
Samples: Client Agreement
Compounded Interest. You understand and agree that the interest charges imposed on your Account at the close of one charge period will be compounded, that is, added to the opening balance for the next charge period unless paid, thereby becoming part of the principal amount and bearing like interest. Short Sales. Short sales may only be made in margin accounts and are subject to initial margin and margin maintenance requirements. You must designate any short sale at the time you place the order. In order to facilitate a short sale, the security that you are selling short must be able to be borrowed to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Clearing Firm will attempt to re- borrow the securities. Securities Loans. You may be charged additional fees in connection with establishing and maintaining a short position and such charges may be disclosed to you at the time a short position is established or may be imposed or increased from time to time in light of changing market conditions. When a security that you have sold short is no longer easy-to-borrow, we may make an immediate change to any fees that may be paid by you or assessed to your margin account to reflect current market rates relating to the borrow. Restricted Securities. Client will not buy sell, or margin (borrow against) any securities of a corporation of which Client is a director, executive officer, or 10% stockholder, or are otherwise classified as a control person, insider or affiliate of the issuer, or sell any securities that are subject to any restrictions on resale (whether by law, contract or legend on the security) or are not traded on or through a national securities exchange, automated quotation system, or other nationally recognized published interdealer quotation system, unless such purchase, sale, or loan has been disclosed in writing and agreed to by Introducing Firm.
Appears in 1 contract
Samples: Basic Brokerage Account Agreement
Compounded Interest. You understand and agree that the interest charges imposed on your Account at the close of one charge period will be compounded, that is, added to the opening balance for the next charge period unless paid, thereby becoming part of the principal amount and bearing like interest. Short Sales. : Short sales may only be made in margin accounts and are subject to the initial margin and margin maintenance requirementsrequirements set forth above. You must designate any Any short sale must be designated as such by you at the time you place the such an order. In order to facilitate a short sale, the security that you are selling short must be able to be borrowed to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Clearing Firm will attempt to Securities Loansre-borrow the securities. You However, if Clearing Firm is unable to re-borrow the securities, it may be charged additional fees in connection with establishing and maintaining a forced to cover your short position and such charges may be disclosed to you by purchasing the securities on the open market at the time then current market price without notice to you. If a short position is established or may closed out, you will be imposed or increased from time to time in light of changing market conditions. When a security that you have sold short is no longer easy-to-borrow, we may make an immediate change to liable for any fees that may be paid resulting losses and all associated costs incurred by you or assessed to your margin account to reflect current market rates relating to the borrowus. Restricted Securities. Client : Customer will not buy sell, or margin (borrow against) any securities of a corporation of which Client Customer is a director, executive officer, or 10% stockholder, or are otherwise classified as a control person, insider person or affiliate of the issuerinsider, or sell any securities that are subject to any restrictions on resale (whether by law, contract or legend on the security) or are not traded on or through a national securities exchange, automated quotation system, or other nationally recognized published interdealer quotation system, unless such purchase, sale, or loan has been disclosed in writing and agreed to by Introducing FirmTPMR.
Appears in 1 contract
Samples: Customer Agreement
Compounded Interest. You understand and agree that the interest charges imposed on your Account at the close of one charge period will be compounded, that is, added to the opening balance for the next charge period unless paid, thereby becoming part of the principal amount and bearing like interest. Short Sales. : Short sales may only be made in margin accounts and are subject to the initial margin and margin maintenance requirementsrequirements set forth above. You must designate any Any short sale must be designated as such by you at the time you place the such an order. In order to facilitate a short sale, the security that you are selling short must be able to be borrowed to cover the delivery to the purchaser(s). If the stock is recalled by the lender(s) of the securities, Clearing Firm will attempt to Securities Loansre-borrow the securities. You However, if Clearing Firm is unable to re-borrow the securities, it may be charged additional fees in connection with establishing and maintaining a forced to cover your short position and such charges may be disclosed to you by purchasing the securities on the open market at the time a short position is established or may be imposed or increased from time to time in light of changing market conditions. When a security that you have sold short is no longer easy-to-borrow, we may make an immediate change to any fees that may be paid by you or assessed to your margin account to reflect current market rates relating to the borrow. Restricted Securities. Client : Customer will not buy sell, or margin (borrow against) any securities of a corporation of which Client Customer is a director, executive officer, or 10% stockholder, or are otherwise classified as a control person, insider person or affiliate of the issuerinsider, or sell any securities that are subject to any restrictions on resale (whether by law, contract or legend on the security) or are not traded on or through a national securities exchange, automated quotation system, or other nationally recognized published interdealer quotation system, unless such purchase, sale, or loan has been disclosed in writing and agreed to by Introducing FirmTPMR.
Appears in 1 contract
Samples: Customer Agreement