Carrying Broker definition

Carrying Broker means the Dealer Member or member of a self-regulatory organization that is a participating institution in the Canadian Investor Protection Fund that carries client accounts, which at a minimum includes the clearing and settlement of trades, the maintenance of books and records of client transactions and the custody of some or all client funds and securities;
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Carrying Broker means a Dealer Member that carries client accounts for another Dealer Member, which includes the clearing and settlement of trades, the maintenance of records of client transactions and accounts and the custody of client cash and securities, in accordance with the requirements set out in this Rule;
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Examples of Carrying Broker in a sentence

  • Sponsor and Carrying Broker, in their sole discretion, may reject any Entrant’s application for any reason and return it together with all funds submitted.

  • The Entrant represents that he or she and his or her Account Manager (if applicable) are of legal age in the states in which they reside and that neither of them nor any member of their household nor any of their partners or shareholders is related to principals or employees of the Sponsor, Authorized Broker or Carrying Broker.

  • Carrying Broker is not obligated to give Entrant any advice or market information except the last price traded and the margin requirements for existing or contemplated positions.

  • Carrying Broker may in its discretion effect such liquidation if Entrant has not given liquidating orders by the second day prior to the first notice day in the case of a long position or by the sixth day before the last trading day in the case of a short position.

  • Carrying Broker, in its sole discretion, may terminate the participation of any Entrant for Entrant’s failure to enter orders in a timely, consistent and professional manner.

  • In the event of errors in order entry or execution, the determination of Sponsor and Carrying Broker shall be final with regard to Championship standings.

  • The same Account Application may be used to establish multiple accounts at a Carrying Broker.

  • All trading shall be conducted in accordance with a separately executed Customer Agreement at an authorized Carrying Broker.

  • Entrant agrees to indemnify Sponsor, Carrying Broker and Authorized Broker and hold them harmless from and against any and all liabilities, losses, damages, costs and expenses, including attorney’s fees, incurred by any of them resulting from: misrepresentations, breach of any provision of this agreement, the trading in Entrant’s account(s), or legal action brought by Entrant and adjudicated in favor of Sponsor, Carrying Broker and Authorized Broker.

  • Entrant authorizes Carrying Broker to provide Sponsor with the ability to view activity in Entrant’s account(s) for the purpose of monitoring Championship performance.