Examples of Excluded Security in a sentence
If you are in doubt as to whether a security is an Excluded Security, contact the Compliance Officer.
As a practical matter, if an Investment Employee has bought or sold a security (other than an Excluded Security) and the firm subsequently buys or sells the security for client accounts or develops Client Investment Information about the security, the Employee must refrain from effecting any contrary transaction for the balance of the 60-day period.
Notwithstanding the foregoing, this Section 9 shall not apply with respect to Excluded Securities, except that no Variable Price Securities shall be an Excluded Security unless otherwise expressly stated in the Transaction Documents.
No Investment Employee may buy and then sell, or sell and then buy, any security (other than an Excluded Security) for a Covered Account within any period of 60 days if, at any time while the Investment Employee holds the security, (i) any client also owns the security or a related security or instrument or (ii) has any Client Investment Information relating to that security or a related security or instrument.
That accountability is enhanced where those who are responsible for making decisions have the authority to effectuate desired results.