SEC Disciplinary Orders Sample Clauses
The SEC Disciplinary Orders clause outlines the consequences and procedures that apply if a party to the agreement becomes subject to disciplinary action or orders issued by the U.S. Securities and Exchange Commission (SEC). Typically, this clause will specify the types of disciplinary actions covered, such as suspensions, fines, or restrictions, and may require the affected party to notify the other party promptly or take remedial steps. Its core practical function is to protect the integrity and compliance of the contractual relationship by ensuring that all parties remain in good standing with regulatory authorities, thereby mitigating legal and reputational risks.
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SEC Disciplinary Orders. You are not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934 (the “Exchange Act”) or section 203(e) or 203(f) of the Investment Advisers Act of 1940 (the “Advisers Act”) that, at the time of the sale of the securities: • suspends or revokes Entity’s registration as a broker, dealer, municipal securities dealer or investment adviser; • places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or • bars Entity from being associated with any entity or from participating in the offering of any ▇▇▇▇▇ stock.
SEC Disciplinary Orders. Are you subject to any order of the SEC that currently: · suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; · places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or · bars you from being associated with any entity or from participating in the offering of any p▇▇▇▇ stock?1 ¨ Yes. If yes, please explain: __________________________________________________________________ ¨ No.
SEC Disciplinary Orders. Are you or the Company currently the subject of any SEC disciplinary orders relating to brokers, dealers, municipal securities dealers, investment companies, and investment advisers and their associated persons under Section 15(b) or 15B(c) of the Securities Exchange Act of 1934, or Section 203(e) or (f) of the Investment Advisers Act that
(a) Suspends or revokes your or the Company’s registration as a broker, dealer, municipal securities dealer or investment adviser YES ¨ NO ¨
(1) Places limitations on your or the Company’s activities, functions or operations YES ¨ NO ¨
(2) Bars you or the Company from being associated with any entity or from participating in the offering of any p▇▇▇▇ stock YES ¨ NO ¨
SEC Disciplinary Orders. Is the undersigned subject to an SEC order entered pursuant to Section 15(b) or 15B(c) of the Securities Exchange Act of 1934 or Section 203(e) or (f) of the Investment Advisers Act of 1940 that: · suspends or revokes the undersigned’s registration as a broker, dealer, municipal securities dealer or investment adviser; · places limitations on the activities, functions or operations of the undersigned; or · bars the undersigned from being associated with any entity or from participating in the offering of any ▇▇▇▇▇ stock? Yes No
SEC Disciplinary Orders. Are you subject to any order of the Securities and Exchange Commission (“SEC”) that currently: ☐ suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; ☐ places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or ☐ bars you from being associated with any entity or from participating in the offering of any ▇▇▇▇▇ stock?1 ☐ Yes. If yes, please explain: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ☐ No.
1 A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.
SEC Disciplinary Orders. Are you subject to any order of the Securities and Exchange Commission (“SEC”) that currently: ¨ suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; ¨ places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or ¨ bars you from being associated with any entity or from participating in the offering of any p▇▇▇▇ stock?1 ¨ Yes. If yes, please explain: ¨ No.
1 A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.
SEC Disciplinary Orders. You are not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or section 203(e) or 203(f) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”) that, at the time of the sale of the securities: • suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; • places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or • bars you from being associated with any entity or from participating in the offering of any ▇▇▇▇▇ stock.
SEC Disciplinary Orders. Are you or the Company currently the subject of any SEC disciplinary orders relating to brokers, dealers, municipal securities dealers, investment companies, and investment advisers and their associated persons under Section 15(b) or 15B(c) of the Securities Exchange Act of 1934, or Section 203(e) or (f) of the Investment Advisers Act that
(a) Suspends or revokes your or the Company’s registration as a broker, dealer, municipal securities dealer or investment adviser YES _______ NO _______
(1) Places limitations on your or the Company’s activities, functions or operations YES _______ NO _______
(2) Bars you or the Company from being associated with any entity or from participating in the offering of any ▇▇▇▇▇ stock YES _______ NO _______
SEC Disciplinary Orders. Are you subject to any order of the SEC that currently: - suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser - places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or - bars you from being associated with any entity or from participating in the offering of any ▇▇▇▇▇ stock?1 ☐ Yes. If yes, please explain: ☐ No.
SEC Disciplinary Orders. Are you or the Company currently the subject of any SEC disciplinary orders relating to brokers, dealers, municipal securities dealers, investment companies, and investment advisers and their associated persons under Section 15(b) or 15B(c) of the Securities Exchange Act of 1934, or Section 203(e) or (f) of the Investment Advisers Act that