Proprietary Account definition

Proprietary Account means (1) a securities investment or trading account held in the name of an Employee or any of his or her Family Members, or of which that Employee or any of his or her Family Members has Beneficial Ownership, or (2) a proprietary investment or trading account maintained for the Firm or its Employees, except that the term “Proprietary Account” does not include any such account to which the Firm serves as investment adviser.

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Proprietary Account of an Adviser means an account in which the Adviser or Tortoise Investments, LLC owns, individually or in the aggregate, a 5% or greater interest.

Proprietary Account means the Account relevant to a given Member firm in which Contracts that have been entered into by a Member Firm on its own account (and only such Contracts) are to be Registered;

Examples of Proprietary Account in a sentence

For the avoidance of doubt, the Dealer shall be deemed to have received the Purchase Price upon the Dealer receiving the Purchase Price in free and cleared funds in the Dealer’s Proprietary Account.
On the Purchase Date for each Transaction, the Underlying Securities shall be transferred to Trustee (for the benefit of the Client) or its agent against the transfer of the Purchase Price to the Dealer’s Proprietary Account.
Upon receipt of the Underlying Securities and receipt of funds in the Trustee’s Cash Account in accordance with Clauses 8.2 or 8.3 above, the Client consents to the Trustee (acting on behalf of the Client) transferring free and cleared funds held in the Trustee’s Cash Account in respect of the Underlying Securities to the Dealer’s Proprietary Account.
A Clearing Organization making a Return of Guaranty Payment pursuant to this Agreement shall not pay out any Proprietary Account Surplus that it is legally prohibited from paying.
Such “Return of Guaranty Payment” shall be made promptly and in no event later than the third business day following the calculation of the Proprietary Account Surplus by the Beneficiary.

More Definitions of Proprietary Account

Proprietary Account means an Account where Trades entered into by a Member Firm on its own Account, and only such Trades, are to be registered;

Proprietary Account means an account in which the Firm owns, individually or in the aggregate, a 5% or greater interest.

Proprietary Account means: (a) a securities investment or trading account in which an Employee has a direct or indirect beneficial ownership interest (unless the Employee has no direct or indirect influence or control thereover); (b) a securities investment or trading account held by a member of the immediate family of an Employee who lives in the same household (unless neither the Employee nor any such family member has any direct or indirect influence or control thereover); and (c) a proprietary investment or trading account maintained for the Company or its Employees.

Proprietary Account means an account in which an Employee has a "beneficial interest" or a proprietary investment or trading account maintained for the Firm or its Employees. A "beneficial interest" in an account includes the opportunity, directly or indirectly, to profit or share in any profit in a securities transaction taking place in the account, and an Employee shall be deemed to have a beneficial interest in accounts in which the Employee's spouse, children and other dependents living in the Employee's household have a beneficial interest, in securities held by a partnership in which the Employee is a general partner and, in certain cases, in trusts of which the Employee is a trustee or beneficiary. The rules promulgated under Section 16 of the Security Exchange Act of 1934 shall generally be used to determine whether an Employee has a beneficial interest in an account,

Proprietary Account means a “proprietary account” as defined in Section 1.3(y) of the Commission Regulations.

Proprietary Account means a personal investment or trading account in which an Employee or a Connected Person of the Employee maintains a beneficial interest, an investment or trading account (other than a Client Account) over which an Employee exercises control, or a proprietary investment or trading account maintained for GTAM or its Employees (each “Proprietary Account” only relates to investment or trading accounts where there is the ability in such accounts to purchase/sell “Securities” as defined herein).

Proprietary Account means a proprietary transaction account set forth in Article 59.2;