Reorganizations and Corporate Actions. Client is responsible for knowing about voluntary and mandatory reorganizations related to securities held in the Account, including mergers, name changes, stock splits and reverse stock splits. Betterment Securities is not obligated to notify Client of any such reorganizations before they occur. Client understands that Betterment Securities will not allocate securities or funds resulting from reorganizations until such securities or funds are received by Betterment Securities from the paying agent or depository. On voluntary reorganization instructions (tender or exchange offers), Client agrees to provide instructions to Betterment Securities no later than two (2) Business Days prior to the expiration of the offer to allow sufficient time to act on Client’s instructions. Any instructions received after that time will be processed on a "reasonable efforts" basis only. Additionally, Client is solely responsible for also knowing about periodic payment activities including cash, stock, and optional dividends. Betterment Securities is not obligated to notify Client of any such activities.
Reorganizations and Corporate Actions. Certain securities may impart valuable rights that expire unless the holder takes some action. I understand that I am responsible for knowing the rights and terms and conditions of all securities in my Trading Account. GTN Asia will not be obligated to notify me of any upcoming expiration or redemption dates, or to take any other action on my behalf without specific instructions from me, except as required by law and applicable rules of regulatory authorities. However, if any such Securities and/or Other Property is about to expire, become worthless or be redeemed for significantly less than its fair market value, and I have not provided instructions to GTN Asia, GTN Asia may, at its discretion, take action on my behalf and credit my Trading Account with the proceeds. Although GTN Asia has the discretion to take such action, GTN Asia is not obligated to do so. I agree not to hold GTN Asia liable for any Losses arising out of or relating to my failure to act or to give instructions to GTN Asia to act on my behalf. I am responsible for knowing about voluntary and mandatory reorganizations related to Securities and/or Other Property that I hold, including mergers, name changes, stock splits and reverse stock splits. GTN Asia is not obligated to notify me of any such re-organizations before they occur. I understand that GTN Asia will not allocate Securities and/or Other Property resulting from reorganizations until such Securities and/or Other Property are received by GTN Asia from the paying agent or depository. On voluntary reorganization instructions (tender or exchange offers), I agree to provide instructions to GTN Asia no later than two (2) Business Days prior to the expiration of the offer to allow sufficient time to act on my instructions. Any instructions received after that time will be processed on a "reasonable efforts" basis only. Additionally, I am solely responsible for also knowing about periodic payment activities including cash, and stock. GTN Asia is not obligated to notify me of any such activities. I am responsible for knowing when a re-organization, such as a stock split, has changed the symbol and/or the number of shares represented. Overselling in a Cash Account is an impermissible short sale and may result in my Trading Account being restricted.
