REP definition
Examples of REP in a sentence
If any Registered Rep does not report his or her personal securities transactions to the Firm pursuant to the Firm’s Code of Ethics or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy, the Firm agrees to identify such Registered Representative to Vigilant Distributors and ensure that such Registered Representative forwards duplicate statements to Vigilant Distributors’ Compliance Department.
The Firm acknowledges and agrees that (i) the SEC, FINRA, or any state securities regulators may bar or suspend from association with Vigilant Distributors or any other broker-dealer a Registered Rep; and (ii) that Vigilant Distributors shall have no obligation to the Firm to contest any such action.
For purposes of this section, Cause shall mean a Registered Rep’s gross negligence in the performance of any of his/her obligations under the Rep Agreement or material breach of the Rep Agreement, or such Registered Rep’s material breach of any of his/her obligations in connection with complying with Advisor’s or Vigilant Distributors’ compliance procedures.