Default of Third-Party Broker. Any default by a third-party broker with whom the Broker deals on a principal or agency basis in a transaction either not executed by Pershing or not cleared by Pershing even if permitted by Pershing as provided herein.
Appears in 7 contracts
Samples: www.sec.gov, Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp), Disclosed Clearing Agreement (Summit Financial Services Group Inc)
Default of Third-Party Broker. Any default by a third-party broker with whom the Broker deals on a principal or agency basis in a transaction either not executed by Pershing or not cleared by Pershing even if permitted by Pershing as provided hereinPershing.
Appears in 3 contracts
Samples: Disclosed Clearing Agreement (Gleacher & Company, Inc.), Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.), Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)
Default of Third-Party Broker. Any default by a third-party broker ----------------------------- with whom the Broker deals on a principal or agency basis in a transaction either not executed by Pershing or not cleared by Pershing even if permitted by Pershing as provided herein.
Appears in 1 contract
Samples: Disclosed Clearing Agreement (Ziegler Companies Inc)
