Common use of PARTICIPATION TERMINATION Clause in Contracts

PARTICIPATION TERMINATION. It is understood that if the total equity in an Entrant’s account at any time falls below $1,500, Authorized Broker may in its sole discretion liquidate any and all open positions and suspend further trading. A new account may be established with new funds at any time. Authorized Broker may liquidate all open positions and prohibit further trading for the rest of the day in the event that an account’s total equity falls 50% from the total equity that existed at the start of the trading day. In such circumstances, the account may resume trading in The Competition the following day.

PARTICIPATION TERMINATION. It is understood that if the total equity in an Entrant’s account at any time falls below $1,5002,500, Authorized Broker may in its sole discretion liquidate any and all open positions and suspend further trading. A new account may be established with new funds at any time. Authorized Broker may liquidate all open positions and prohibit further trading for the rest of the day in the event that an account’s total equity falls 50% from the total equity that existed at the start of the trading day. In such circumstances, the account may resume trading in The Competition the following day.