Obligations of Introducing Broker Sample Clauses

Obligations of Introducing Broker. (a) IIB sh all h av e th e re spo nsIIB ility for d ilige ntly su pe rvisin g th e op en ing of A cc ou nts, fo r the en try of o rde rs in A cc ou nts, a nd for ass urin g th at tra nsa ctio ns a nd ord ers in th e A cc ou nt a re in ac co rda nc e w ith all a pp licab le law s an d th e ru les o f the CF TC , an y co ntra ct m ark et o r se lf-reg ula tory o rga niza tion , an d U XX X . IIB w ill m ain tain co m plia nc e a nd sup xxx xxxx y pro ce du res w hic h a re a de qu ate to a ssu re c om plia nc x x x IIB a nd its a sso cia xxx pe rso ns an d e m plo xxx x x ith a ll law s an d re gu latio ns a nd self-r eg ula tory o rga niza tion rule s an d re gu latio ns to w hic h IIB is su bje ct. W itho ut lim iting the gen erality of the fore going , such c om pliance a nd su pervisory pro ce du res sha ll co ve r op en ing , ap pro vin g a nd m on itorin g o f Ac coun ts, including re view o f all types of Ac coun ts and orde rs; sup erv ision of a ll trad ing ad vice an d re co m m en da tion s pr ov ide d to Custom ers; screening a nd reg istration of associated p ersons as required b y the CFT C an d app licable self- regulatory organ izations; listing of b ran ch offic e(s ), if an y, an d re gistr atio n o f bra nc h o ffice m anag ers as req uired b y the CF TC and app licable self-regulatory organ izations; on-site inspections o f branc h office(s) as req uired b y the CFTC and applicable self- xxxxxx xxxx organizations; performing se lf-au dits of IIB an d its br an ch offic e(s ) as req uir ed by C FT C an d ap plic ab le se lf-reg ula tory o rga niza tion s; an d su pe rvisio n o f spe cia l Ac coun ts such as discretionary acc ounts, com m odity pool accou nts, option accounts, employee accounts, and accoun ts for employee or officers of futures com m ission me rchan ts, other introducing brok ers, sec uritie s firm s, se lf-reg ula tory o rga niza tion s an d o the r fina nc ial insti tutions.

Obligations of Introducing Broker. (a) IB shall have the responsibility for diligently supervising the opening of Accounts, for the entry of orders in Accounts, and for assuring that transactions and orders in the Accounts are in accordance with all applicable laws and the rules of the CFTC, any contract market or self-regulatory organization and Alaron. IB will maintain compliance and supervisory procedures which are adequate to assure compliance by IB and its associated persons and employees with all laws and regulations and self-regulatory organization rules to which IB is subject. Without limiting the generality of the foregoing, such compliance and supervisory procedures shall cover opening, approving and monitoring of Accounts, including review of all types of Accounts and orders; supervision of all trading advice and recommendations provided to customers; screening and registration of Associated Persons as required by the CFTC and applicable self-regulatory organizations; listing of branch office(s), if any, and registration of branch office managers as required by the CFTC and applicable self-regulatory organizations; on-site inspections of branch office(s) as required by the CFTC and applicable self-regulatory organizations; performing self-audits of IB and its branch office(s) as required by the CFTC and applicable self-regulatory organizations; and supervision of special Accounts such as discretionary accounts, commodity pool accounts (both exempt and non-exempt), option accounts, employee accounts, and accounts for employees or officer of futures commission merchants, other introducing brokers, securities firms, self-regulatory organizations and other financial institutions.