Examples of Broker-Dealer in a sentence
Since January 1, 2017, the Company Broker-Dealer Subsidiary has been duly registered as a Broker-Dealer with the SEC and each state and other jurisdictions in which it is required to be so registered.
The Company Broker-Dealer Subsidiary is, and since January 1, 2017 has been a member in good standing of FINRA and each other Self-Regulatory Organization of which it is required to be a member.
Client also understands and agrees that Baird shall have no responsibility for negotiating any directed brokerage arrangement, and that Baird is responsible solely for making reasonable efforts to follow Client’s instruction to direct Client’s trade orders to the Directed Broker-Dealer.
Each Holder and Participating Broker-Dealer shall be a third party beneficiary of the agreements made hereunder and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder.
Client and each Retirement Account Fiduciary of Client understand, acknowledge and agree that Client and Client’s Retirement Account Fiduciaries are solely responsible for engaging a Directed Broker-Dealer, monitoring its performance and terminating a directed brokerage arrangement, and that Baird is not responsible for determining whether a Directed Broker-Dealer is capable of providing best execution.