Shareholder Vote of Loaned Securities. In the event the undersigned’s securities have been loaned by Xxxxxxxx on the record date of a shareholder vote involving those securities, the undersigned agrees that the undersigned’s vote may be reduced to reflect the total amount of the undersigned’s securities loaned by Xxxxxxxx. The Margin Disclosure Statement is intended to provide some basic facts about purchasing securities on margin and to alert you to the risks involved with trading securities in a margin account. Before trading securities in a margin account, it is important to carefully review the written Margin Agreement provided by your financial organization or its clearing firm, Pershing LLC (“Pershing”), and to consult with your financial organization regarding any questions or concerns you may have regarding margin accounts. When you purchase securities, you have the option of paying for them in full or borrowing part of the purchase price from Pershing. If you choose to borrow funds from Pershing, you will need to open a margin account with Pershing through your financial organization. The securities purchased are used as collateral for the loan that was made to you or any other indebtedness arising after the initial transaction. If the securities in your brokerage account decline in value, so does the value of the collateral supporting your loan. As a result, your financial organization or Pershing can take action. For instance, your financial organization or Pershing can issue a margin call and/or sell securities or liquidate other assets in any of your brokerage accounts held with your financial organization or Pershing in order to maintain the required equity in the margin account. Client Copy A decline in the value of securities that are purchased on margin may require you to provide additional funds to Pershing to avoid the forced sale of those securities or other securities or assets in your account(s). If the equity in your account falls below Pershing’s maintenance margin requirements or your financial organization’s higher “house” requirements, your financial organization or Pershing can sell the securities or other assets in any of your accounts to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale. Some investors mistakenly believe that a financial organization must contact them for a margin call to be valid, and that the financial organization cannot liquidate securities or other assets in their account(s) to meet th...
Shareholder Vote of Loaned Securities. In the event Your securities have been loaned by Xxxxxx on the record date of a shareholder vote involving those securities, You agree that Your vote may be reduced to reflect the total amount of Your securities loaned by Xxxxxx.
Shareholder Vote of Loaned Securities. In the event Your securities have been loaned by Pershing on the record date of a shareholder vote involving those securities, You agree that Your vote may be reduced to reflect the total amount of Your securities loaned by Pershing.
Shareholder Vote of Loaned Securities. In the event the undersigned’s securities have been loaned by Pershing on the record date of a shareholder vote involving those securities, the undersigned agrees that the undersigned’s vote may be reduced to reflect the total amount of the undersigned’s securities loaned by Pershing.
Shareholder Vote of Loaned Securities. In the event your securities have been loaned by Electronic Transaction Clearing, Inc. on the record date of a shareholder vote involving those securities, you agree that your vote may be reduced to reflect the total amount of your securities loaned by Electronic Transaction Clearing, Inc.
Shareholder Vote of Loaned Securities. In the event Your securities have been loaned by Alpaca on the record date of a shareholder vote involving those securities, You agree that Your vote may be reduced to reflect the total amount of Your securities loaned by Alpaca.
Shareholder Vote of Loaned Securities. In the event the undersigned’s securities have been loaned by Xxxxxxxx on the record date of a shareholder vote involving those securities, the undersigned agrees that the undersigned’s vote may be reduced to reflect the total amount of the undersigned’s securities loaned by Xxxxxxxx.
Shareholder Vote of Loaned Securities. In the event your securities have been loaned by ETC on the record date of a shareholder vote involving those securities, you agree that your vote may be reduced to reflect the total amount of your securities loaned by ETC.
Shareholder Vote of Loaned Securities. In the event your securities have been loaned by Velox on the record date of a shareholder vote involving those securities, you agree that your vote may be reduced to reflect the total amount of your securities loaned by Velox.
Shareholder Vote of Loaned Securities. In the event the undersigned’s securities have been loaned by Pershing on the record date of a shareholder vote involving those securities, the undersigned agrees that the undersigned’s vote may be reduced to reflect the total amount of the undersigned’s securities loaned by Pershing. Margin Agreement Acknowledgement Form BY SIGNING THIS ACKNOWLEDGEMENT FORM, THE UNDERSIGNED ACCEPTS THE TERMS OF THE ENCLOSED AGREEMENT, AND ACKNOWLEDGES THAT THE UNDERSINGED HAS READ AND UNDERSTOOD THE MARGIN DISCLOSURE STATEMENT WHICH DETAILS THE RISKS ASSOCIATED WITH A MARGIN ACCOUNT, AND THE UNDERSIGNED HAS READ AND UNDERSTOOD THE CREDIT TERMS EXPLAINED IN THE DISCLOSURE STATEMENT. PLEASE BE SURE THAT ALL ACCOUNT OWNERS SIGN THIS ACKNOWLEDGEMENT FORM. SPECIAL NOTE FOR NON-U.S. ACCOUNTS: With respect to assets custodied by Pershing on the undersigned’s behalf, the undersigned acknowledges that income and capital gains or distributions to the undersigned from this account may be taxable in the undersigned’s home jurisdiction. Furthermore, interest paid to Pershing under this agreement may be subject to withholding tax in the undersigned’s home jurisdiction. It is the underssigned’s obligation to pay such withholding tax, if applicable. The undersigned acknowledges to its financial organization and to Pershing that the undersigned has taken its own tax advice in this regard. ACCOUNT OWNER(S) SIGNATURE(S) PLEASE BE SURE THAT ALL ACCOUNT OWNERS SIGN THIS ACKNOWLEDGEMENT FORM. THE UNDERSIGNED ACKNOWLEDGES THAT BY SIGNING THIS AGREEMENT THAT SECURITIES NOT FULLY PAID FOR BY THE UNDERSIGNED MAY BE LOANED TO PERSHING OR LOANED OUT TO OTHERS. THE MARGIN AGREEMENT CONTAINS A PREDISPUTE ARBITRATION CLAUSE IN PARAGRAPHS 20 AND 21 ON PAGE 3 IN THIS AGREEMENT. THE UNDERSIGNED ACKNOWLEDGES RECEIVING A COPY. Margin Account Number Authorized Signer Print Name Date Signature X Authorized Signer Print Name Date Signature X Authorized Signer Print Name Date Signature X Authorized Signer Print Name Date Signature X Authorized Signer Print Name Date Signature X Please Complete if a Corporation, Partnership, or Other Entity Name of Entity Date Title Seal Signature X Margin Disclosure Statement The Margin Disclosure Statement is intended to provide some basic facts about purchasing securities on margin and to alert you to the risks involved with trading securities in a margin account. Before trading securities in a margin account, it is important to carefully review the written Margin Agreement p...
