Common Contracts
1 similar Liability Limitation Agreement contracts
Agreement Limiting Interactive Brokers' Liability for decisions and actions of your independent financial advisor.Liability Limitation Agreement • April 8th, 2021
In consideration for maintaining a brokerage account at Interactive Brokers, Customer agrees: I UNDERSTAND THAT MY FINANCIAL ADVISOR IS INDEPENDENT FROM INTERACTIVE BROKERS ("IB") AND IS NOT AN EMPLOYEE OR AN AGENT OF IB. I AGREE THAT INTERACTIVE BROKERS IS NOT LIABLE FOR THE TRADING DECISIONS OR ACTIONS OF MY ADVISOR AND I AGREE NOT TO BRING LAWSUITS OR CLAIMS OF ANY KIND AGAINST IB FOR ACTIONS OR TRADING DECISIONS OF MY ADVISOR. I UNDERSTAND THAT INTERACTIVE BROKERS' ONLY ROLE IS TO EXECUTE TRADES ORDERED BY MY ADVISOR AND HOLD MY POSITIONS IN AN IB ACCOUNT. I AGREE THAT IB WILL NOT CONDUCT ANY "SUITABILITY" REVIEW TO MAKE SURE THAT MY ADVISOR'S TRADING DECISIONS ARE SUITABLE FOR MY CIRCUMSTANCES AND OBJECTIVES. SINCE INTERACTIVE BROKERS IS NOT PROVIDING ANY ADVICE TO ME, IF MY ACCOUNT GENERATES PROFITS, I WILL NOT HAVE TO SHARE THE PROFITS WITH IB. LIKEWISE I AGREE THAT IF MY ACCOUNT SUFFERS LOSSES, INTERACTIVE BROKERS WILL NOT REPAY OR BE RESPONSIBLE FOR MY LOSSES. I AGREE THAT INT
