Common use of Accounts Carried as Clearing Broker Clause in Contracts

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incur. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's ’s Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's ’s accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's ’s Introducing Broker and to effect other back office functions for the Customer's introducing broker’s Introducing Broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's ’s accounts solely on the Customer's ’s Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's ’s account are agents of the Introducing Broker, Broker and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incuragents. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's ’s accounts and will have no responsibility for trades made in the Customer's ’s accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are Apex is carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker Wealthfront through whose courtesy the account of the Customer has been introduced to youApex. Until receipt from the Customer of written notice to the contrary, you Apex may accept from and rely upon the Customer’s Introducing Broker Wealthfront for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you Apex act only to clear trades introduced by the Customer's Introducing Broker Wealthfront and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts solely on the Customer's Introducing BrokerWealthfront. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing BrokerWealthfront, and not your Apex representatives, employees or other agents and the Customer will in no way hold you Apex liable for any trading losses that the Customer may incur. The Customer understands that you are Apex is not a principal of or partner with, and do does not control in any way, the Introducing Broker Wealthfront or its representatives, employees or other agents. The Customer understands that you Apex will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You Apex shall not be responsible or liable for any acts or omissions of the Introducing Broker Wealthfront or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you Apex in your Apex’s capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your Apex’s defense of such claim. The Customer understands you Apex shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing BrokerWealthfront.

Accounts Carried as Clearing Broker. The Customer understands that you are Robinhood is carrying the accounts of the Customer as clearing broker by arrangement with the Customer's ’s Introducing Broker through whose courtesy the account of the Customer has been introduced to youRobinhood. Until receipt from the Customer of written notice to the contrary, you Robinhood may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's ’s accounts. The Customer represents that the Customer understands that you Robinhood act only to clear trades introduced by the Customer's ’s Introducing Broker and to effect other back office functions for the Customer's introducing broker’s Introducing Broker. The Customer confirms to you Robinhood that the Customer is relying for any advice concerning the Customer's ’s accounts solely on the Customer's ’s Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's ’s account are agents of the Introducing Broker, Broker and not your its representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incuragents. The Customer understands that you are Robinhood is not a principal of or partner with, and do does not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you Robinhood will not review the Customer's ’s accounts and will have no responsibility for trades made in the Customer's ’s accounts. You Robinhood shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you Robinhood in your its capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your its defense of such claim. The Customer understands you Robinhood shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the withthe Customer's ’s Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's ’s accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's ’s Introducing Broker and to effect other back office functions for the Customer's introducing broker’s Introducing Broker. The Customer confirms to confirmsto you that the Customer is relying for any advice concerning the Customer's ’s accounts solely on the Customer's ’s Introducing Broker. The Customer understands that all thatall representatives, employees and other agents with whom the Customer communicates concerning the Customer's ’s account are agents of the Introducing Broker, Broker and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incuragents. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and ’s accountsand will have no responsibility for trades made in the Customer's ’s accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in youin your capacity as capacityas clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's ’s Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's ’s accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's ’s Introducing Broker and to effect other back office functions for the Customer's introducing broker’s Introducing Broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's ’s accounts solely on the Customer's ’s Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's ’s account are agents of the Introducing Broker, Broker and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incuragents. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's ’s accounts and will have no responsibility for trades made in the Customer's ’s accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.. PF10097-MRGN 12/11/2018 A P EX C L EA RING CO RP ORA TIO N AN D/ OR BRO K ER DEA L ERS F O R W H I C H I T CL E A RS

Accounts Carried as Clearing Broker. The Customer understands that you are Clearing Broker is carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to youClearing Broker. Until receipt from the Customer of written notice to the contrary, you Clearing Broker may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you act Clearing Broker acts only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing brokerIntroducing Broker. The Customer confirms to you Clearing Broker that the Customer is relying for any advice (if any) concerning the Customer's accounts solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your Clearing Broker’s representatives, employees or other agents and the Customer will in no way hold you Clearing Broker liable for any trading losses that the Customer may incur. The Customer understands that you are Clearing Broker is not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you Clearing Broker will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You Clearing Broker shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you Clearing Broker in your Clearing Broker’s capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your Clearing Broker’s defense of such claim. The Customer understands you Clearing Broker shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are Apex is carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to youApex. Until receipt from the Customer of written notice to the contrary, you Apex may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you Apex act only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you Apex that the Customer is relying for any advice concerning the Customer's accounts solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your Apex’s representatives, employees or other agents and the Customer will in no way hold you Apex liable for any trading losses that the Customer may incur. The Customer understands that you are Apex is not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you Apex will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You Apex shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you Apex in your its capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your its defense of such claim. The Customer understands you Apex shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incur. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and will have no haveno responsibility for trades made in the Customer's accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the withthe Customer's ’s Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's ’s accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's ’s Introducing Broker and to effect other back office functions for the Customer's introducing broker’s Introducing Broker. The Customer confirms to confirmsto you that the Customer is relying for any advice concerning the Customer's ’s accounts solely on the Customer's ’s Introducing Broker. The Customer understands that all thatall representatives, employees and other agents with whom the Customer communicates concerning the Customer's ’s account are agents of the Introducing Broker, Broker and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incuragents. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and ’s accountsand will have no responsibility for trades made in the Customer's ’s accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in youin your capacity as capacityas clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.. PF10097-MRGN 07/13/2018 APEX CLEARING CORPORATION AND/ OR BROKER DEALERS FOR WHICH IT CLEARS

Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts accounts, if any, solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incur. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.