Responsibility for Compliance. Broker shall be solely responsible for compliance with suitability, “Know Your Customer” rules, and other requirements of federal and state law and regulatory and self-regulatory rules and regulations governing transactions and accounts. Possession by Pershing of surveillance records, exception reports, or other similar data shall not obligate Pershing to review or be aware of their contents. Pershing shall not be required to make any investigation into the facts surrounding any transaction that it may execute or clear for Broker or any customer of Broker.
Appears in 6 contracts
Samples: www.sec.gov, Disclosed Clearing Agreement (Gleacher & Company, Inc.), Disclosed Clearing Agreement (Summit Financial Services Group Inc)
Responsibility for Compliance. Broker shall be solely responsible for compliance with suitability, “"Know Your Customer” " rules, and other requirements of federal and state law and regulatory and self-regulatory rules and regulations governing transactions and accounts. Possession by Pershing of surveillance records, exception reports, or other similar data shall not obligate Pershing to review or be aware of their contents. Pershing shall not be required to make any investigation into the facts surrounding any transaction that it may execute or clear for Broker or any customer of Broker.
Appears in 3 contracts
Samples: Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp), Clearing Agreement (American Portfolios Holdings Inc), Clearing Agreement (American Portfolios Holdings Inc)
Responsibility for Compliance. Broker shall be solely responsible for compliance with suitabilitySuitability, “"Know Your Customer” rules, " rules and other requirements of federal and state law and regulatory and self-regulatory rules and regulations governing transactions and accounts. Possession by Pershing of surveillance records, exception reports, or other similar data shall not obligate Pershing to establish procedures for dealing with such material or to review or be aware of their contents. Pershing shall not be required to make any investigation into the facts surrounding any transaction that it may execute or clear for Broker or any customer of Broker.
Appears in 3 contracts
Samples: Clearing Agreement (Echapman Com Inc), Disclosed Clearing Agreement (Chapman Holdings Inc), Pinnacle Global Group Inc
Responsibility for Compliance. Broker shall be solely responsible for compliance with applicable suitability, “"Know Your Customer” " rules, and other requirements of federal and state law and regulatory and self-regulatory rules and regulations governing transactions and accounts. Possession by Pershing of surveillance records, exception reports, or other similar data shall not obligate Pershing to review or be aware of their contents. Pershing shall not be required to make any investigation into the facts surrounding any transaction that it may execute or clear for Broker or any customer of Broker.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (Siebert Financial Corp)
Responsibility for Compliance. Broker shall be solely responsible for ----------------------------- compliance with suitability, “"Know Your Customer” " rules, and other requirements of federal and state law and regulatory and self-regulatory rules and regulations governing transactions and accounts. Possession by Pershing of surveillance records, exception reports, or other similar data shall not obligate Pershing to review or be aware of their contents. Pershing shall not be required to make any investigation into the facts surrounding any transaction that it may execute or clear for Broker or any customer of Broker.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (Ziegler Companies Inc)
