Common use of Supervision of Transactions and Accounts Clause in Contracts

Supervision of Transactions and 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 for the supervision and monitoring of all discretionary Accounts maintained by Correspondent, and Southwest shall have no responsibility for such. An authorized officer of Correspondent shall approve each transaction in each Customer Account accepted by Southwest. Correspondent shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with Southwest, including discretionary Accounts, will be in compliance with all applicable laws, rules and regulations of the United States, the states thereof, and regulatory and self-regulatory agencies and bodies, including any laws relating to Correspondent's fiduciary responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise; and in this connection, Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to such Accounts. Southwest will perform 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 reasonable business judgment. To the extent, if any, that Southwest accepts from Correspondent orders for execution in accordance with Section 7(a). Correspondent shall be responsible for informing Southwest of the location of the securities that are the subject of the order so that Southwest may comply with the provisions of 3110 of the NASD Conduct Rules.

Supervision of Transactions and 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 for the supervision and monitoring of all discretionary Accounts maintained by Correspondent, and Exhibit 10.4 - Pg. 4 Southwest shall have no responsibility for such. An authorized officer of Correspondent shall approve each transaction in each Customer Account accepted by Southwest. Correspondent shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with Southwest, including discretionary Accounts, will be in compliance with all applicable laws, rules and regulations of the United States, the states thereof, and regulatory and self-regulatory agencies and bodies, including any laws relating to Correspondent's fiduciary responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise; and in this connection, Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to such Accounts. Southwest will perform 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 reasonable business judgment. To the extent, if any, that Southwest accepts from Correspondent orders for execution in accordance with Section 7(a). Correspondent 7(a),Correspondent shall be responsible for informing Southwest of the location of the securities that are the subject of the order so that Southwest may comply with the provisions of 3110 of the NASD Conduct Rules.

Supervision of Transactions and 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 for the supervision and monitoring of all discretionary Accounts maintained by Correspondent, and Exhibit 10.6 - Pg. 4 Southwest shall have no responsibility for such. An authorized officer of Correspondent shall approve each transaction in each Customer Account accepted by Southwest. Correspondent shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with Southwest, including discretionary Accounts, will be in compliance with all applicable laws, rules and regulations of the United States, the states thereof, and regulatory and self-regulatory agencies and bodies, including any laws relating to Correspondent's fiduciary responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise; and in this connection, Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to such Accounts. Southwest will perform 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 reasonable business judgment. To the extent, if any, that Southwest accepts from Correspondent orders for execution in accordance with Section 7(a). Correspondent 7(a),Correspondent shall be responsible for informing Southwest of the location of the securities that are the subject of the order so that Southwest may comply with the provisions of 3110 of the NASD Conduct Rules.

Supervision of Transactions and 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 for the supervision and monitoring of all discretionary Accounts maintained by Correspondent, and Southwest shall have no responsibility for such. An authorized officer of Correspondent shall approve each transaction in each Customer Account accepted by Southwest. Correspondent shall be responsible for insuring that all transactions in and activities related to all Accounts opened by it with Southwest, including discretionary Accounts, will be in compliance with all applicable laws, rules and regulations of the United States, the states thereof, and regulatory and self-regulatory agencies and bodies, including any laws relating to Correspondent's fiduciary responsibilities to Customers, either under the Employee Retirement Income Security Act of 1974 or otherwise; and in this connection, Correspondent shall diligently supervise the activities of its officers, employees and representatives with respect to such Accounts. Southwest will perform 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 reasonable business judgment. To the extent, if any, that Southwest accepts from Correspondent orders for execution in accordance with Section 7(a). Correspondent 7(a),Correspondent shall be responsible for informing Southwest of the location of the securities that are the subject of the order so that Southwest may comply with the provisions of 3110 of the NASD Conduct Rules.