Common use of Trading Authorization Clause in Contracts

Trading Authorization. You acknowledge receipt and understanding of this Agreement’s trading authorization terms. You consent to granting trading authorization as defined in Section IV, Paragraph CC of the Terms and Conditions of this Agreement. Omission of any of the information requested in this application may be grounds for denial or can delay the approval of your account. The material in the following box does not apply to nonresident aliens or other foreign entities/persons (please see W-8 series of forms). For further information concerning tax classifications of entities, please visit the IRS website (xxx.xxx.xxx) and review W-9 instructions. Third Party Authorization. If applicable under your Investment Advisor Agreement, you have appointed your Investment Advisor to manage your Brokerage Account. You authorize Pershing Advisor Solutions to accept instructions from your Investment Advisor only as authorized in this Agreement and any letters of authorization that you complete, sign and submit. If your Investment Advisor informs Pershing Advisor Solutions that they have entered into a services agreement with a third party firm to provide technology, administrative, management, investment and/or trading services for your account, Pershing Advisor Solutions will comply with instructions provided by your Investment Advisor. By signing this document, you acknowledge that you have received a copy of your Investment Advisor’s Form ADV and/or management agreement that defines and discloses the specific services being provided by the third party firm. You authorize Pershing Advisor Solutions to take any steps that appear in its judgment to be reasonably required to facilitate the authorizations you have separately given your Investment Advisor and the third party firm. Accordingly, you acknowledge that Pershing Advisor Solutions must transmit your account data to the third party firm in order for the specified services to occur, and you authorize Pershing Advisor Solutions to transmit your account data to the third party firm for that purpose.