NON-DISCRETIONARY ACCOUNT. The Customer authorizes the Company to manage the Portfolio on a non-discretionary basis and to effect transactions on behalf of the Customer only upon the instructions of or after consulting with the Customer.
NON-DISCRETIONARY ACCOUNT. The CLIENT is responsible for transmitting any and all orders for the purchase; sale or exercise of CLIENT’S options or futures contracts either orally or in writing to WESTWOOD INT. Under no circumstances will WESTWOOD INT or any of its officers, managers, WESTWOOD INTs’ employees or representatives exercise any form of discretion or control over CLIENT’S account, nor will WESTWOOD INT accept any order for CLIENT’S account, other than by an authorized signatory whose name appears here upon, unless clients provides WESTWOOD INT with a verbal authorization to trade on its discretion or a Discretionary Trading Authorization document signed by client, which the client then will give full trading authority to WESTWOOD INT on the behalf the client’s account. CLIENT acknowledges that the trading in CLIENT’S account will be at the discretion and instruction of CLIENT. CLIENT further acknowledges CLIENT’S responsibility to monitor and control the trading in CLIENT’S account. CLIENT agrees and acknowledges that in entering into derivative options and futures transactions, CLIENT will rely solely on his/her own judgment. WESTWOOD INT nor its officers, WESTWOOD INT s’ employees or representatives shall have any responsibility in respect of any advice or views given to the CLIENT by WESTWOOD INT in relation to derivative futures and options trading. CLIENT acknowledges that market information and/or advice provided by WESTWOOD INT may be based upon information which is incomplete and unverified and that WESTWOOD INT makes no representation, warranty, or guarantee as to the accuracy of any such information. Further, CLIENT acknowledges that any market information or advice furnished to CLIENT by WESTWOOD INT may not necessarily result in trading profits to CLIENT’S account even if followed.
NON-DISCRETIONARY ACCOUNT. Notwithstanding anything else contained in this Services Agreement, I will make all decisions with respect to my Account and the Contracts held therein, and may follow or reject, in whole or in part, any recommendations made by Xxxxxx Xxxxx or my financial advisor. Accordingly, I agree that Xxxxxx Xxxxx and its financial advisors are not responsible for taking any action regarding a Contract absent my express written, telephonic, or electronic approval. I further understand that Xxxxxx Xxxxx may require me to approve of transactions after I acknowledge the receipt of certain disclosures, and that no Contract transactions, including without limitation initial purchases and subsequent premium payments, will occur unless I approve such transactions.
