FINRA Regulation Sample Clauses
FINRA Regulation. Each party to this Agreement represents that it is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and each party agrees to notify the other should it cease to be such a member. With respect to the sale of Common Shares hereunder, you and ▇▇▇▇▇▇▇ ▇▇▇▇▇ agree to abide by the Conduct Rules of FINRA and all applicable federal and state securities laws, including but not limited to the following: (i) ▇▇▇▇▇▇▇ ▇▇▇▇▇ shall not withhold placing customers’ orders for Common Shares so as to profit themselves as a result of such withholding; and (ii) ▇▇▇▇▇▇▇ ▇▇▇▇▇ shall not purchase any Common Shares from you other than for their own investment or to cover purchase orders already received by them from their customers.
FINRA Regulation. Each party to this Agreement represents that it is a member of the Financial Industry Regulatory Authority (“FINRA”) and each party agrees to notify the other should it cease to be such a member. With respect to the sale of Shares hereunder, you and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ agree to abide by the Conduct Rules of the FINRA and all applicable federal and state securities laws, including but not limited to the following:
▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall not withhold placing customers’ orders for Shares so as to profit themselves as a result of such withholding. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall not purchase any Shares from you other than for their own investment or to cover purchase orders already received by them from their customers.
B. No party to this Agreement will, as principal, purchase any Shares from a customer at a price lower than the net asset value next determined by or for the Fund that issued such Shares. Nothing in this subparagraph shall prevent ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ from selling Shares for a customer to you or to the Fund which issued such Shares at the net asset value then quoted by or for the Fund (less any applicable contingent deferred sales charge or other charges) and charging a fair commission or service fee for handling the transaction.
FINRA Regulation. Each party to this Agreement represents that it is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA") and each party agrees to notify the other should it cease to be such a member. With respect to the sale of Common Shares hereunder, you and BofA Securities agree to abide by the Conduct Rules of FINRA and all applicable federal and state securities laws, including but not limited to the following: (i) BofA Securities shall not withhold placing customers' orders for Common Shares so as to profit themselves as a result of such withholding; and (ii) BofA Securities shall not purchase any Common Shares from you other than for their own investment or to cover purchase orders already received by them from their customers.