Correspondent Broker definition

Correspondent Broker means a broker who is registered to engage in soliciting or accepting and handling orders for the purchase or sale of futures contracts or futures contract options on the behalf of the Dealer Member in a country other than Canada;

Correspondent Broker means any member or participant of an Exchange and/or Clearing House of which the Company may not be a member or participant who, as the Company’s agent, enters into a Contract on such Exchange and/or clears the same, as the case be.

Correspondent Broker. Means a broker/dealer entity which elects to provide its customers with the means of establishing an IRA on a correspondent basis pursuant to the Correspondent Broker Clearing Agreement between such broker/dealer and the Custodian.

Examples of Correspondent Broker in a sentence

• The Margin required by KGI may exceed any margin requirements prescribed by any Exchange, Clearing House, broker or Correspondent Broker and may be changed by KGI with immediate effect without prior notice to the Client.

• The Correspondent Broker shall continue to be responsible for all activities in the IRA Holder’s Account.

• The amount returned to you would not include an adjustment for such items as sales commissions, administrative expenses, or fluctuation in market value.You may revoke the IRA by giving Correspondent Broker telephonic notice of revocation within seven days after signing the Adoption Agreement or making a funding payment, whichever occurs first.

• Upon your written request, the Correspondent Broker will inform you if they have obtained information through these inquiries, and if so, will provide you with the name and address of the consumer and industry reporting agency.

• The Participant shall remain a customer of the Correspondent Broker, and any inquiries or claims the Participant may have from time to time should be directed to the Correspondent Broker.

• ADOPTION AND ACCEPTANCE (Subject to acceptance by the Custodian) This IRA Plan is being made available to the Participant as part of the existing Correspondent Broker Clearing Agreement between the Participant’s Correspondent Broker and the clearing agent, Wedbush Morgan Securities, Inc.

• The Custodian shall not be liable in any manner for transactions initiated by the Correspondent Broker prior to the receipt of such termination notice.This plan does not permit the purchase or uncovered sale of option contracts.

• You acknowledge that in connection with this Agreement that the Clearing Agent and Custodian collect “nonpublic personal information” from the Correspondent Broker; the Clearing Agent, may submit and collect nonpublic and public information to consumer and industry reporting agencies.

• The entry of orders and any instructions regarding the deposit or withdrawal of funds, securities or other property shall be transmitted through the Participant’s Correspondent Broker.

• As between the Correspondent Broker and the Bank, the Bank may be obliged to regard itself as being primarily responsible for the execution of the Applicant’s orders.

More Definitions of Correspondent Broker

Correspondent Broker means any member or participant of an Exchange and/or Clearing House of which KGI may not be a member or participant who, as KGI’s agent, enters into a Contract on such Exchange and/or clears the same, as the case be;

Correspondent Broker any member or participant of an Exchange and/or Clearing House of which CJF HK may not be a member or participant who, as CJF HK's agent, enters into a Contract on such Exchange and/or clears the same, as the case be;

Correspondent Broker any member or participant of an Exchange and/or Clearing House of which AIF SEC may not be a member or participant who, as AIF SEC’s agent, enters into a Contract on such Exchange and/or clears the same, as the case be;

Correspondent Broker means a broker who is registered to engage in soliciting or accepting and hand ling orders for the purchase or sale of futures contracts or futures contract options on the behalf of the Dealer

Correspondent Broker means a broker who is register ed to engage in

Correspondent Broker means a broker/dealer that introduces the trade to Customer for clearance and, for purposes of clarity, does not mean a customer of such broker/dealer.