What Is A Fully Disclosed Clearing Agreement

.01 Material changes. For the purposes of paragraph (b) paragraph 1, this rule contains substantial amendments, but is not limited to the following amendments: (a) the attribution of responsible responsibilities required by this rule; (b) termination clauses of the importing company; (c) any condition or provision affecting the liability of the parties; and (d) the parties to the agreement (including z.B the inclusion of a new contracting party to the agreement, at para. For example, a "piggyback" agreement, a new company or a new importing company, but without termination of the agreement). This agreement for fully publicized clearing services ("agreement") is effective, subject to approval by the Financial Industry Regulatory Authority ("FINRA"), from the last date that the parties have designated in accordance with the "effective dates," from and between NATIONAL FINANCIAL SERVICES LLC ("NFS"), a limited liability company in Delaware, and MURIEL SIEBERT - CO., INC. ("Correspondent") , a Delaware company. As of the effective date, this agreement replaces and replaces the compensation agreement between NFS and Correspondent on March 20, 2000. This agreement (the "agreement") of July 6, 2004 between terra NOVA TRADING, L.C. ("Clearing Broker") and Clayton, Dunning -Company ("correspondent")," defines the conditions under which brokers provided full sales, clearing and settlement-delivery services to the correspondent and his clients on a fully disclosed basis. Countervailing brokers will provide these services only to the extent necessary in this agreement and are not responsible for obligations or obligations that have not been specifically assigned to countervailing brokers by this agreement.

This December 1, 2007 agreement between Ridge Clearing - Outsourcing Solutions, Inc. ("Ridge") and Hudson Securities Inc. ("Correspondent") defines the conditions under which Ridge provides performance and clearing services to the correspondent and his clients on a full basis. Ridge will provide such services only to the extent required by this agreement and is not liable for obligations or obligations that have not been specifically assigned to Ridge by this agreement.