Firm Account definition
Examples of Firm Account in a sentence
By signature on this document, (i) I acknowledge the Representations and Warranties set forth in Appendix C of the prospectus, including the suitability requirements therein, and (ii) I authorize the named Financial Advisor to make changes, or correct any clerical errors, on this document with regards to the Series and/ or Class of the fund specified in Section 1(a), the Selling Firm Account Number in Section 2, or the Account Type in Section 4(a) below.
Positions are also treated in a similar manner for Firm Account and the Market Maker Account8.
The Company will D.W.A.C. shares of the Company's Common Stock to the account of the Escrow Agent as follows: Brokerage Firm: Account #: DTC #: Name on Account: Eric S.
In addition, an increase (loss) in margin in one Firm Account can, for example, be offset by a reduction (gain) in margin in another Member's Client Account, since they share the same collateral pool (Margin Deposits).
If you are opening an account, please remember to attach an account application to this form.2. Please be sure the title of your account type/ registration as recorded on the transfer form is “like to like.” For example:Delivering Firm Account Title: John Doe IRA RolloverSchwab Account Title: John Doe IRA Rollover3.
Generally, when a Partner retires, he is able to withdraw his capital balances existing in the Firm Account on his retirement date which may also include his share of goodwill.
If an Supervised Person holds any investment in a Reportable Security outside of a Designated Brokerage Firm Account (e.g., any Reportable Security held in a non-Designated Brokerage Firm Account, any Private Placement Investment or an equity investment held directly through the issuer), such Supervised Person must independently report such investment on the Accounts, Holdings and Transactions certification.
Lastly, for the Firm Account, the Initial Margin is calculated at the account level which also corresponds to Risk Account level.
However, if there are any investments that occur outside of a Designated Brokerage Firm Account (e.g., purchase or redemption of a private placement or an equity investment held directly through the issuer), Employees must independently report such investments to Kenmar on the Quarterly Investments Transaction affirmation through Compliance11 no later than 30 days after quarter-end.
To transfer stock to an individual or charitable organization’s account at another brokerage firm, complete this section.Receiving Firm Name / DTC#:Receiving Firm Account Title:Receiving Firm Account Number: Receiving Firm Address:CityStateZip SymbolNo. of SharesPurchase DatePurchase PriceSymbolNo. of SharesPurchase DatePurchase Price Note: if the purchase date and purchase price are not completed on the form, the shares donated will be selected on a FIFO basis (first-in, first-out).