Common use of TRADING RECOMMENDATIONS Clause in Contracts

TRADING RECOMMENDATIONS. 4.1 The Client acknowledges and agrees that (a) the Client retains full responsibility for all trading decisions in connection with the account and unless otherwise agreed between the Client and WLSL in writing, WLSL is responsible only for the execution, clearing, and carrying out of transactions in the Account on the terms and conditions of this Agreement; (b) WLSL has no responsibility or obligation regarding any conduct, action, representation or statement of any introducing firm, investment advisor or other third party in connection with the Account or any transaction therein; and (c) any view expressed or information provided by WLSL, its directors, officers, employees or agents, whether or not solicited shall not constitute an offer to enter into a transaction or investment advice and to the extent permitted by applicable law WLSL shall be under no liability whatsoever in respect of such view or information and the Client should independently and without reliance on WLSL make its own judgments; (d) WLSL has emphasized to the Client to assess and seek independent professional advice regarding suitability, profitability, tax, legal or accounting consequences of any Transactions before effecting or giving Instruction for effecting any Transaction and WLSL shall also not be responsible to the Client with respect to the same; and 4.2 If WLSL solicits the sale of or recommends any financial product to the Client, the financial product must be reasonably suitable for the Client having regard to the financial situation, investment experience and investment objectives of the Client. No other provision of this agreement or any other document WLSL may ask the Client to sign and no statement WLSL may ask the Client to make derogates from this clause.

TRADING RECOMMENDATIONS. 4.1 The Client acknowledges and agrees that (a) the Client retains full responsibility for all trading decisions in connection with the account and unless otherwise agreed between the Client and WLSL WLIS in writing, WLSL WLIS is responsible only for the execution, clearing, and carrying out of transactions in the Account on the terms and conditions of this Agreement; (b) WLSL WLIS has no responsibility or obligation regarding any conduct, action, representation or statement of any introducing firm, investment advisor or other third party in connection with the Account or any transaction therein; and (c) any view expressed or information provided by WLSLWLIS, its directors, officers, employees or agents, whether or not solicited shall not constitute an offer to enter into a transaction or investment advice and to the extent permitted by applicable law WLSL WLIS shall be under no liability whatsoever in respect of such view or information and the Client should independently and without reliance on WLSL WLIS make its own judgments; (d) WLSL WLIS has emphasized to the Client to assess and seek independent professional advice regarding suitability, profitability, tax, legal or accounting consequences of any Transactions before effecting or giving Instruction for effecting any Transaction and WLSL WLIS shall also not be responsible to the Client with respect to the same; and 4.2 If WLSL WLIS solicits the sale of or recommends any financial product to the Client, the financial product must be reasonably suitable for the Client having regard to the financial situation, investment experience and investment objectives of the Client. No other provision of this agreement or any other document WLSL WLIS may ask the Client to sign and no statement WLSL WLIS may ask the Client to make derogates from this clause.