Duplicate Brokerage Statements Clause Samples

Duplicate Brokerage Statements. [ALL EMPLOYEES] - All SEI Employees are required to instruct their brokers/dealers to file duplicate brokerage statements including statements of individual brokerage investment option of the company's 401(k) plan with the Compliance Department at SEI Oaks. Employees in SEI's global offices are required to have their duplicate statements sent to the offices in which they are located. Statements must be filed for all Accounts (including those in which employees have a Beneficial Ownership interest), except those that trade exclusively in open-end mutual funds, government securities, or monthly-automated purchases of SEI stock through the employee stock/stock option plan. Failure of a broker-dealer to send duplicate statements will not excuse an Employee's violation of this Section, unless the Employee demonstrates that he or she took every reasonable step to monitor the broker's or dealer's compliance. - Sample letters instructing the brokers/dealers to send the statements to SEI are attached as EXHIBIT 2. Employees may locate the Code of Ethics document through Information Access on the SEI Intranet site. To access the document and exhibits, chose Compliance under the first drop-down menu on the left and click on Corporate Code of Ethics. If the broker or dealer requires a letter authorizing a SEI employee to open an account, the permission letter may also be found as EXHIBIT 2. Please complete the necessary information in the letter and forward a signature ready copy to the Compliance Department (▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Corporate Compliance Officer). - If no such duplicate statement can be supplied, the Employee should contact the Compliance Department or the designated Compliance Officer.