Common use of Operation of Your Account Clause in Contracts

Operation of Your Account. The Firm has the right to determine at its discretion whether or not to accept and execute any order or instruction for your Account. The Firm will credit to your Account any interest, dividends or other monies received in respect of securities held in your Account and any monies (net of all charges) received as proceeds from transactions for your Account, and will debit from your Account any amounts owing, including interest, by you to the Firm pursuant to this Agreement. The Firm will maintain a record of receipts and deliveries of securities and your resulting positions in your Account. Your Account may be subject to limits on the amounts that you may trade within a certain time period, as determined by the Firm. Such limits may vary depending on whatever factors that we determine are relevant. The Firm reserves the right to change any limits on your Account in its sole discretion. Transactions may be executed as pooled trades. You acknowledge and understand that, in certain cases, your order to purchase securities may be placed in dollar amounts and not in a specific number of shares. You further agree that such dollar amounts will be converted into share amounts then rounded based on the weighted average price per share paid.