Impartial Lottery Allocation System. When you hold on my behalf bonds or preferred stocks in street or bearer form which are callable in part, I agree to participate in the impartial lottery allocation system of the called securities in accordance with the provisions of the New York Stock Exchange, Inc. ("NYSE") rules. Further, I understand when the call is favorable, no allocation will be made to any account in which you, your officers, or employees, have a financial interest until all other clients' positions in such securities are satisfied on an impartial lottery basis.
Impartial Lottery Allocation System. For securities that may be called in part, First Clearing uses an impartial lottery process to determine which securities will be called. For more information about the lottery process, please see xxx.XxxxxXxxxxXxxxxxxxXxxxxxxxXXX.xxx or contact your financial professional to receive a written copy of the procedures.
Impartial Lottery Allocation System. For securities that may be called in part, First Clearing uses an impartial lottery process to determine which securities will be called. For more information about the lottery process, please see Control or Restricted Securities. Prior to placing an order in connection with any securities subject to Rule 144 or 145(d) of the Securities Act of 1933, you understand and agree that you must advise us of the status of the securities and furnish us with the necessary documents (including opinions of legal counsel, if requested) to clear legal transfer. You acknowledge that there may be delays involved with the processing of control or restricted securities, and that you will not hold us liable for any losses caused directly or indirectly with such delays. We or Clearing Firm may, at our or its sole discretion, require that control or restricted securities not be sold or transferred until such securities clear legal transfer. Order Placement. You understand and agree that when orally placing a trade with a registered representative, either in person or via telephonic means, you agree to be bound to the oral confirmation repeated back to you, unless you object to such oral confirmation at the time of the order. You further understand and agree that we will not be held liable for any direct, indirect, incidental, special, or consequential damages that may result from your failure to object to an oral confirmation. Cancellation/Modification Requests. You understand that any attempt to cancel or modify an order is merely a request to cancel or modify. All cancellation requests are accepted by us on a best efforts basis only. You understand and agree that when you place a request to cancel an order, cancellation of that order is not guaranteed. Corrected and Late Trade Reports. From time to time we may receive late and/or erroneous trade reports from exchanges or market makers. You understand and agree that the status of orders which are not reported to you or which are reported as having expired, been canceled, or been executed, may be changed in response to such late reports in order to reflect what actually occurred in the marketplace with respect to such order.
Impartial Lottery Allocation System. When you hold on my behalf bonds or preferred stocks in street or bearer form which are callable in part, I agree to participate in the impartial lottery allocation system of the called securities in accordance with the provisions of the New York Stock Exchange, Inc. ("NYSE") rules. Further, I understand when the call is favorable, THE REVERSE SIDE OF THIS AGREEMENT MUST 3025 (8/91) BE SIGNED BY ALL ACCOUNT OWNERS no allocation will be made to any account in which you, your officers, or employees have a financial interest until all other clients' positions in such securities are satisfied on an impartial lottery basis.
Impartial Lottery Allocation System. When Pershing holds on your behalf bonds or preferred stocks in street or bearer form which are callable, all or in part, you agree to participate in the impartial lottery allocation system of the called securities in accordance with the provisions of the rules of the New York Stock Exchange, Inc. Further, you understand that when the call is favorable, no allocation will be made to any account in which Pershing, CFS, their affiliates, directors, officers or employees, have a financial interest until all other customers’ positions in such securities are satisfied on an impartial lottery basis. 37.
