Introducing Firm definition

Introducing Firm means each broker-dealer who has entered into an agreement with WFCS pursuant to which WFCS, as agent for such broker-dealer, is contractually assigned the responsibility for the performance of certain back office, trade processing and custody, books and records and margin credit functions.

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Introducing Firm means the entity that is appropriately licensed in the Applicable Jurisdiction to provide its financial and other services to you. Introducing Firm may refer to an appropriately licensed broker, advisor, or other entity as permissible in the Applicable Jurisdiction.

Introducing Firm means each broker-dealer who has entered into an agreement with FCC pursuant to which FCC, as agent for such broker-dealer, is contractually assigned the responsibility for the performance of certain back office, trade processing and custody, books and records and margin credit functions.

Examples of Introducing Firm in a sentence

Securities and other property held in the undersigned’s retirement account(s) maintained by ▇▇▇▇▇▇▇▇, which may include Individual Retirement Accounts (IRAs) or qualified plans, are not subject to this general lien and such securities or other property may only be used to satisfy the undersigned’s indebtedness or other obligations to your Introducing Firm and/or Pershing related to the undersigned’s retirement account(s).
By signing the Signature Page, you consent to Introducing Firm and Clearing Firm obtaining background and/or credit reports necessary to comply with any federal or state statutes or industry regulation.
By signing this agreement, the undersigned acknowledges that securities not fully paid for by the undersigned may be loaned to Pershing or loaned out to others, and as permitted by law, certain securities in the undersigned’s account, may be used for, among other things, settling short sales and lending the securities for short sales, and as a result Pershing and your Introducing Firm may receive compensation in connection therewith.
You understand and agree that Introducing Firm is not acting as agent of Clearing Firm and you agree that you will in no way hold Clearing Firm or any affiliate of Clearing Firm or any officer, director, or agent thereof liable for any trading losses or other losses incurred by you.
Until verification is complete, Introducing Firm and/or Clearing Firm may not be able to service and maintain your Account.
Clearing Firm may accept from Introducing Firm without inquiry or investigation, orders for the purchase or sale of securities and/or other property on margin or otherwise, and any other instructions concerning the Account, including, but not limited to, instructions to release your confidential Account information or other nonpublic personal or financial information to a third party service provider.
You understand and agree that any rights either Introducing Firm or Clearing Firm has under this Agreement may be exercised by either Introducing Firm or Clearing Firm or may be assigned to the other, including, but not limited to, the right to collect any debit balance or other obligations owing in your Account, and that Introducing Firm or Clearing Firm may collect from you or enforce any other rights under this Agreement independently or jointly.
You agree to indemnify and to hold harmless Clearing Firm or any of its affiliates, officers, or directors from any loss, damage, or liability arising out of, or in any way related to or by reason of the release of such personally identifiable information to a third party service provider pursuant to good faith reliance on instructions from the Introducing Firm.
You appoint Introducing Firm as your agent for the purpose of carrying out your instructions, including those relating to the purchase or sale of securities.
The annual rate of interest charged on net debit balances is computed at a rate selected by Introducing Firm.

More Definitions of Introducing Firm

Introducing Firm means, as applicable, Lender’s broker that maintains fully disclosed clearing agreement with Alpaca.