Telephone Trading and Recorded Phone Line Authorization Sample Clauses

Telephone Trading and Recorded Phone Line Authorization. Unless the you select the “elect-out” option in this section of the Account Application; by signing the SIMPLE XXX Application, you authorize PENSCO Trust Company to honor eligible transaction requests it receives by telephone from the you or your designated Financial Representative (including employees and staff of the FR). PENSCO Trust Company reserves the right not to honor transac- tion requests by telephone if there are not sufficient funds or shares in the Account, or if PENSCO Trust Company receives incomplete information to process the requested transaction. PENSCO Trust Company will not be liable for any loss, expense or cost arising out of any telephone instructions that are processed pursuant to this procedure. PENSCO Trust Company has automatic telephone recording equipment on certain telephone lines used by its employees who take or process trading requests and client inquiries. By signing the SIMPLE XXX Application, you give PENSCO Trust Company consent to record and play back such calls as necessary for business purposes, and you acknowledge that recorded phone line conversations are the property of PENSCO Trust Company. Recorded phone line conversations are the property of PENSCO Trust Company and will be maintained at the sole discretion of PENSCO Trust Company.
Sample 1
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Telephone Trading and Recorded Phone Line Authorization. Unless the Account owner selects the “elect-out” option in this section of the Account Application; by signing the IRA Application, he/she authorizes PENSCO Trust Company to honor eligible trans- action requests it receives by telephone from the Account Owner or his/her designated Financial Representative (including employees and staff of the FR). PENSCO Trust Company reserves the right not to honor transac- tion requests by telephone if there are not sufficient funds or shares in the Account, or if PENSCO Trust Company receives incomplete information to process the requested transaction. PENSCO Trust Company will not be liable for any loss, expense or cost arising out of any telephone instructions that are processed pursuant to this procedure. PENSCO Trust Company has automatic telephone recording equip- ment on certain telephone lines used by its employees who take or process trading requests and client inquiries. By signing the IRA Application, the Account Owner gives PENSCO Trust Company consent to record and play back such calls as necessary for busi- ness purposes, and he/she acknowledges that recorded phone line conversations are the property of PENSCO Trust Company. Recorded phone line conversations are the property of PENSCO Trust Company and will be maintained at the sole discretion of PENSCO Trust Company.
Sample 1

Related to Telephone Trading and Recorded Phone Line Authorization

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