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: Fully Disclosed Clearing Agreement, Fully Disclosed Clearing Agreement (Gleacher & Company, Inc.), Fully Disclosed Clearing Agreement (Summit Financial Services Group 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: Fully Disclosed Clearing Agreement (Pinnacle Global Group Inc), Fully Disclosed Clearing Agreement (Echapman Com Inc), Fully Disclosed Clearing Agreement (Chapman Holdings 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), Fully Disclosed Clearing Agreement (American Portfolios Holdings Inc), Fully Disclosed Clearing Agreement (American Portfolios Holdings 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 1 contract
Samples: Fully Disclosed Clearing Agreement (Ziegler Companies 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: Fully Disclosed Clearing Agreement (Siebert Financial Corp)
