Duties of Correspondent. (a) Customers shall be deemed to be customers of Correspondent for all purposes, including the Securities and Exchange Commission’s (“SEC”) financial responsibility rules adopted under the 1934 Act and the Securities Investor Protection Act, as amended, and regulations adopted thereunder. Schwab will not carry accounts at Schwab in the name of Customers. Correspondent will open accounts for Customers on the books and records of Correspondent, supervise its employees, principals, registered representatives and agents who provide services with respect to any of such Customer accounts, and maintain and supervise such Customer accounts and the transactions therein in accordance with all applicable requirements of the Securities Act of 1933, as amended (the “1933 Act”), the 1934 Act, the rules and regulations of the SEC thereunder, including but not limited to Reg T margin requirements, and the rules and regulations of all self-regulatory organizations having jurisdiction over Correspondent, including but not limited to any applicable requirements relating to the suitability of investments by its Customers and maintenance of proprietary and customer accounts as set forth in FINRA Rule 4311, if and as applicable.
Duties of Correspondent. Correspondent agrees to assume the following duties and obligations under this Agreement:
Duties of Correspondent
