Examples of Related Fund in a sentence
If any Advisory Person purchases or sells a Covered Security held, or by reason of such transaction held, in his or her own name or in the name of an Immediate Family member and a Related Fund purchases or sells the same security during the same day, the Advisory Person will be required to break that trade in all Covered Accounts.
No Advisory Person may execute purchases and/or sales in a Covered Security held in a Covered Account on a day during which any Related Fund executes either a “buy” or “sell” order in that same security.
A person need not report an account with a financial institution if the account does not allow any trading in Covered Securities (for example, a mutual fund account, other than a Related Fund account, held directly with the fund sponsor).
Restitution may be made by writing a check in the name of the Related Fund for amounts in excess of $500.00 to cover the amount due.
The price restitution shall be limited to the number of shares purchased or sold by the Access Person or Investment Person or the number of shares purchased or sold by the Related Fund, whichever is smaller.