RJFS definition
Examples of RJFS in a sentence
You authorize Adviser, through its IAR, to provide instructions when buying and selling securities in your Account to RJFS and for RJFS to accept Adviser and IAR’s instructions regarding your Account and to take all other actions necessary to carry them out.
Further, whether RJA or another custodian holds the Advisory Account assets, under your account opening documentation, you appointed RJFS as introducing broker and you hereby instruct Adviser and AMS, as applicable, to direct Account execution services to RJA, as clearing broker, either directly or through RJFS as introducing broker.
You acknowledge that generally transactions will be executed through RJFS, and because Adviser’s services generally do not include selection of brokerage firms or the negotiation of brokerage fees or commission rates, you will not necessarily obtain execution of transactions or brokerage rates as favorable as those that might be obtained through an investment adviser that does undertake to select brokerage firms or negotiate rates.
You further understand and acknowledge that your IAR may also be a registered securities representative of RJFS.
The Commission or other Governmental Authority shall revoke or suspend the license or authorization of RJA and RJFS under Federal or state law to conduct business as a securities broker-dealer (and such license or authorization shall not be reinstated within 5 days), or RJA or RJFS shall be suspended or expelled from membership in the NASD, NYSE or any other Self-Regulatory Organization or securities exchange.
The Commission or any Self-Regulatory Organization has notified the SIPC pursuant to Section 5(a)(1) of the SIPA of facts which indicate that the Borrower, RJA or RJFS is in or is approaching financial difficulty, or the SIPC shall file an application for a protective decree with respect to the Borrower, RJA or RJFS under Section 5(a)(3) of the SIPA.
The Borrower shall cause RJFS at all times after the date hereof to maintain a ratio (computed in accordance with Exhibit A to Rule ▇▇▇▇-▇, "▇▇▇▇▇▇▇ for Determination of Reserve Requirements for Brokers and Dealers") of Aggregate Indebtedness to Net Capital of not more than 9.0 to 1.0.
Not later than thirty (30) days prior to the anticipated Closing Date (or such other time as may be required by law), Seller and Purchaser shall jointly, at Purchaser’s expense, notify customers or other persons that are party to or have an interest in any Investment Account that, subject to the terms and conditions hereof, a broker-dealer designated by Purchaser will become successor to RJFS as broker-dealer for the Investment Accounts.
Further, whether RJA or another custodian holds the Advisory Account assets, under your account opening documentation, you appointed RJFS as introducing broker and you hereby instruct Adviser and AMS, as applicable, to direct Account execution services to RJA, as clearing broker, either directly or through RJFS, as introducing broker.
The Borrower shall cause RJA and RJFS at all times to have combined Excess Net Capital of not less than $100,000,000.