Common use of Supervision of Orders and Accounts Clause in Contracts

Supervision of Orders and Accounts. Pensxx xxxl execute orders for Correspondent's Customers after Correspondent's appropriate principals have accepted and approved said Accounts. Correspondent will be responsible for the review and supervision of, and the suitability of, investments made by each and every one of its Customers and Pensxx xxxll have no responsibility. Correspondent shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with Pensxx, xxcluding discretionary Accounts, will be in compliance with all applicable laws, rules and regulations of the United States, the several states, governmental agencies, securities exchanges and the NASD, including any laws relating to Correspondent's fiduciary responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise. Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to all Accounts. Pensxx xxxl perform the clearing services provided for in this Agreement for Accounts accepted by it in accordance with the terms of this Agreement, as it may be amended from time to time, and otherwise in accordance with its best business judgment. To the extent, if any, that Pensxx accepts from Correspondent orders for execution in accordance with Section 7(a), Correspondent shall be responsible for informing Pensxx xx the location of the securities that are the subject of the order so that Pensxx xxx comply with the provisions of Art. III, Sec. 21 of the NASD Rules of Fair Practice.

Supervision of Orders and Accounts. Pensxx xxxl Xxxxxx will execute orders for Correspondent's Customers after Correspondent's appropriate principals have accepted and approved said Accounts. Correspondent will be responsible for the review and supervision of, and the suitability of, investments made by each and every one of its Customers and Pensxx xxxll Xxxxxx shall have no responsibility. Correspondent shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with PensxxXxxxxx, xxcluding including discretionary Accounts, will be in compliance with all applicable laws, rules and regulations of the United States, the several states, governmental agencies, securities exchanges and the NASD, including any laws relating to Correspondent's fiduciary responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise. Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to all Accounts. Pensxx xxxl Xxxxxx will perform the clearing services provided for in this Agreement for Accounts accepted by it in accordance with the terms of this Agreement, as it may be amended from time to time, and otherwise in accordance with its best business judgment. To the extent, if any, that Pensxx Xxxxxx accepts from Correspondent orders for execution in accordance with Section 7(a), Correspondent 7(a),Correspondent shall be responsible for informing Pensxx xx Xxxxxx of the location of the securities that are the subject of the order so that Pensxx xxx Xxxxxx may comply with the provisions of Art. III, Sec. 21 of the NASD Rules of Fair Practice.

Supervision of Orders and Accounts. Pensxx xxxl Penson will execute orders for Correspondent's Customers after xxxxx Correspondent's appropriate principals have accepted and approved said Accounts. Correspondent will be responsible for the review and supervision of, and the suitability of, investments made by each and every one of its Customers and Pensxx xxxll Penson shall have no responsibility. responsibility Correspondent shall be responsible bx xxxxonsible for insuring that all transactions in and activities related to all Accounts opened by it with PensxxPenson, xxcluding including discretionary Accountsaccounts, will be in compliance compxxxxxx with all applicable laws, rules and regulations of the United States, the several states, governmental agencies, . securities exchanges and the NASD, including any laws relating to Correspondent's fiduciary fiduciary, responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise. Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to all Accounts. Pensxx xxxl Penson will perform the clearing services provided for in this Agreement for Accounts accepted by it in accordance with the terms of this Agreement, as it may be amended from time to time, and otherwise in accordance with its best business judgment. To the extent, if any, that Pensxx Penson accepts from Correspondent orders for execution in accordance xxxxxdance with Section 7(aSECTION 7(A), Correspondent shall be responsible for informing Pensxx xx Penson of the location of the securities that are the subject of subxxxx xf the order so that Pensxx xxx Penson may comply with the provisions of Art. III, Sec. 21 Rule 3110 of the NASD Rules of Fair PracticeXXXX's Conduct Rules.

Supervision of Orders and Accounts. Pensxx xxxl Penson will execute orders for Correspondent's Customers Correspondent'x Xustomers after Correspondent's appropriate principals have accepted and approved said Accounts. Correspondent will be responsible for the review and supervision of, and the suitability of, investments made by each and every one of its Customers and Pensxx xxxll Penson shall have no responsibility. Correspondent , Corresponxxxx shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with PensxxPenson, xxcluding including discretionary Accountsaccounts, will be in xx xx compliance with all applicable laws, rules and regulations of the United States, the several states, governmental agencies, securities exchanges and the NASD, including any laws relating to Correspondent's fiduciary fiduciary, responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise. Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to all Accounts. Pensxx xxxl Penson will perform the clearing services provided for xxr in this Agreement for Accounts accepted by it in accordance with the terms of this Agreement, as it may be amended from time to time, and otherwise in accordance with its best business judgmentjudgement. To the extent, if any, that Pensxx Penson accepts from Correspondent orders for execution in accordance with Section 7(a), Correspondent shall be responsible for informing Pensxx xx Penson of the location of the securities that are thxx xxx the subject of the order so that Pensxx xxx Penson may comply with the provisions of Art. III, Sec. 21 Rulx 0000 of the NASD Rules of Fair PracticeNASD's Conduct Rules.