Common use of Platform Disclosures Clause in Contracts

Platform Disclosures. Consistent with the terms of this Customer Agreement, the Platform will include explicit, clear and repeated instructions and disclosures to Customer at each point on the Platform where Customer has the ability to place a securities buy or sell order. Specifically: (1) in the securities buy order context, Customer will be presented with an explicit disclosure informing Customer that by placing a securities buy order that Customer is instructing MSB to transfer the purchase price of such security from Customer MSB Account to Customer Account; (2) in the securities sell order context, Customer will be presented with an explicit disclosure informing Customer that by placing a sell order that Customer is instructing Clearing Broker to transfer settled funds from such security sale to Customer MSB Account; and (3) in the crypto-for-securities buy order context, Customer will be presented with an explicit disclosure informing Customer that by placing a securities buy order using cryptocurrency as the funding, that Customer is instructing (a) MSB to sell the specific cryptocurrency for USD, and (b) MSB to thereafter to transfer the purchase price of such security from Customer MSB Account to Customer Account held at the Clearing Broker. IN THE EVENT THAT CUSTOMER HAS ANY QUESTIONS REGARDING ANY OF THE ABOVE REFERENCED PLATFORM DISCLOSURES OR IS UNCERTAIN AS TO HOW OR IN WHAT CAPACITY A SECURITIES BUY OR SELL ORDER WILL BE HANDLED OR TREATED, CUSTOMER AGREES THAT HE/SHE WILL IMMEDIATELY CONTACT FTX AT FTX SUPPORT PRIOR TO ENGAGING IN ANY TRADING AND/OR RELATED ACTIVITY ON THE PLATFORM.

Appears in 6 contracts

Samples: Capital Markets LLC Customer Agreement, Capital Markets LLC Customer Agreement, Capital Markets LLC Customer Agreement

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