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.

Proprietary Account means an ac- count in which commodity futures, op- tions or cleared over the counter deriv- ative positions are carried on the books of the applicant or registrant for the applicant or registrant itself, or for general partners in the applicant or registrant.

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

• Transactions in options, derivatives or convertible instruments for a Proprietary Account that are related to a transaction in an underlying security for a Client Account (“inter-market front running”) are subject to the same restrictions.

• Neither the Firm nor an Employee may engage in principal transactions between a Proprietary Account and a Client Account without first obtaining the prior written approval of the CCO and the written consent of the Client Account.

• Without the prior written approval of the CCO, no Employee may execute a transaction in a security for a Proprietary Account if the Employee is aware or should be aware that an order for a Client Account for the same security, same way, remains unexecuted or the Firm is considering same-way trades in the security for Client Accounts.

• No Employee may trade in the securities of the subject company for Client Accounts or for his or her Proprietary Account during any “black-out” period or similar period of trading restrictions established by the subject company and applicable to its directors, officers or consultants.

• No Employee or Family Member of that Employee may trade in the securities of the subject company for Client Accounts or for his or her Proprietary Account without the prior consent of the CCO.

More Definitions of Proprietary Account

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 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).