Authorization for Principal Transactions Sample Clauses

Authorization for Principal Transactions. If available for my Account, I may consent to Xxxxxx Xxxxx executing transactions for my Account in a principal capacity, which includes selling any security from Xxxxxx Xxxxx’ inventory to my Account or purchasing any security from my Account for Xxxxxx Xxxxx’ inventory. Xxxxxx Xxxxx, pursuant to such consent, may engage in principal transactions for my Account in order to increase the range of investment opportunities or trade execution quality available to me, consistent with its pricing and sales practice obligations. Principal transactions may cause a conflict between Xxxxxx Xxxxx’ and my interests, including when Xxxxxx Xxxxx generates additional revenue due to market movement resulting in gains on its inventory positions. Xxxxxx Xxxxx may also have an incentive to recommend the purchase of a security held in its inventory that is difficult to sell, a potential conflict addressed by Xxxxxx Xxxxx’ policies and procedures. In certain principal transactions, Xxxxxx Xxxxx will provide required post-trade disclosures and obtain my verbal consent to execute the trade in a principal capacity prior to the trade. I acknowledge that I may revoke this authorization to allow Xxxxxx Xxxxx to trade as principal with my Account without penalty at any time by contacting my Xxxxxx Xxxxx financial advisor and submitting the necessary written revocation. I understand that consenting to principal trading is not a condition to opening or maintaining my Account. I understand that Xxxxxx Xxxxx executes in a principal capacity fractional share liquidations and corrections of trades originally executed in an agency capacity.