Preparation and Transmission of Confirmations and Statements. Pershing shall prepare confirmations and summary periodic statements and shall, to the extent required, transmit them to customers and Broker in a timely fashion except to the extent Broker has agreed to transmit confirmations to customers. Confirmations and statements shall be prepared on forms disclosing that the account is carried on a fully disclosed basis for the Broker in accordance with applicable rules, regulations and interpretations. Broker will have the ultimate regulatory responsibility for compliance with the prospectus delivery requirements of the Securities Act of 1933, as amended, regardless of its retention of a prospectus fulfillment service to perform delivery of same.
Appears in 3 contracts
Samples: Fully Disclosed Clearing Agreement (Pinnacle Global Group Inc), Fully Disclosed Clearing Agreement (Echapman Com Inc), Fully Disclosed Clearing Agreement (Chapman Holdings Inc)
Preparation and Transmission of Confirmations and Statements. Pershing shall prepare confirmations and summary periodic statements and shall, to the extent requiredrequired by the Rules, transmit them to customers and Broker in a timely fashion except to the extent the parties agree in writing that Broker has agreed to may transmit confirmations to customers. Confirmations and statements shall be prepared on forms disclosing that the account is carried on a fully fully-disclosed basis for the Broker in accordance with applicable rules, regulations regulations, and interpretations. Broker will have the ultimate regulatory responsibility for compliance with the prospectus delivery requirements of the Securities Act of 1933, as amended, regardless of its retention of a prospectus fulfillment service (including as may be provided by Pershing) to perform delivery of same.
Appears in 3 contracts
Samples: Fully Disclosed Clearing Agreement (Gleacher & Company, Inc.), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)
Preparation and Transmission of Confirmations and Statements. Pershing shall prepare confirmations and summary periodic statements and shall, to the extent requiredrequired by the Rules, transmit them to customers and Broker in a timely fashion except to the extent the parties agree in writing that Broker has agreed to may transmit confirmations to customers. Confirmations and statements shall be prepared on forms disclosing that the account is carried on a fully fully-disclosed basis for the Broker in accordance with applicable rules, regulations regulations, and interpretations. Broker will have the ultimate regulatory responsibility for compliance with the prospectus delivery requirements of the Securities Act of 1933, as amended, regardless of its retention of a prospectus fulfillment service to perform delivery of same.
Appears in 1 contract
Samples: Fully Disclosed Clearing Agreement (Summit Financial Services Group Inc)
Preparation and Transmission of Confirmations and Statements. Pershing shall prepare confirmations and summary periodic statements and shall, to the extent required, transmit them to customers and Broker in a timely fashion except to the extent Broker has agreed to transmit confirmations to customers. Confirmations and statements shall be prepared on forms disclosing that the account is carried on a fully disclosed basis for the Broker in accordance with applicable rules, regulations regulations, and interpretations. Broker will have the ultimate regulatory responsibility for compliance with the prospectus delivery requirements of the Securities Act of 1933, as amended, regardless of its retention of a prospectus fulfillment service to perform delivery of same.
Appears in 1 contract
Samples: Fully Disclosed Clearing Agreement (International Assets Holding Corp)
