CORPORATE AND LEGAL ACTIONS. With respect to the securities held or formerly held in the Account, or the issuer thereof, which
CORPORATE AND LEGAL ACTIONS. With respect to the securities held or formerly held in the Account, or the issuer thereof, which become the subject of a corporate action, such as a rights offer or tender offer, or a legal proceeding, including bankruptcy or a class action lawsuit, Client directs Introducing Firm to forward information related to corporate or legal actions directly to Client. Introducing Firm will not be obligated to render any advice or take any action with respect to corporate or legal actions. Introducing Firm's sole obligation will be to forward such information within a reasonable period of time to Client and act on the instructions (if any) received from Client.
CORPORATE AND LEGAL ACTIONS. Alinea is not required to take any action or render any advice with respect to the voting of proxies regarding the issuers of securities held in Client’s brokerage account except as may be directed by the Client or otherwise required by law. The Client is responsible for all decisions concerning the voting of proxies for securities held in his/her/its account, and Xxxxxx cannot give any advice or take any action with respect to the voting of these proxies. Also, Alinea shall have no responsibility to render legal advice or take any legal action on the Client’s behalf with respect to securities then or previously held in the account or the issuers thereof, that become the subject of legal proceedings, including bankruptcy proceedings or class actions. The Client remains responsible for: (i) directing the manner in which proxies solicited by issuers of securities will be voted; and (ii) making all elections relating to mergers, acquisitions, tender offers, bankruptcy proceedings and other events pertaining to the securities in the account. Alinea or Drivewealth will instruct the selected service provider to forward to the Client all proxies and shareholder communications relating to the Client’s assets. However, the service provider, and not Alinea, is responsible for timely transmission of any proxy materials to the Client.
