Sentences with phrase «account on behalf of my brokerage»

Yesterday, I opened a second trust account on behalf of my brokerage.

Not exact matches

If shares of our common stock are held on your behalf in a brokerage account or by a bank or other nominee, you are considered to be the beneficial owner of shares that are held in «street name,» and the Notice was forwarded to you by your broker or nominee, who is considered the stockholder of record with respect to those shares.

Based on the Uniform Gifts / Transfers to Minors Acts, this brokerage account offers comprehensive trading, mutual fund, and cash management features, allowing you to invest on behalf of a minor.

Through brokerage account, on the other hand, you have to hire the services of professionals to do the buying and selling of shares on your behalf.

The IFIC speaking on behalf of mutual funds in Canada defines MER to include fees like brokerage commissions... «The fund company's administrative costs — including legal and accounting fees, brokerage fees and interest expenses — as well as GST costs comprise the remaining 20 percent of MER fees.»

There are no exit fees whatsoever - Motley Fool Wealth Management would simply stop trading on your behalf, and you would take full control of your brokerage account.

You may invest in a fund through an intermediary by placing orders through your brokerage account at Schwab or an account with another broker / dealer, investment adviser, 401 (k) plan, employee benefit plan, administrator, bank, or other financial intermediary (intermediary) that is authorized to accept orders on behalf of the fund (intermediary orders).

We have represented both investors and brokerage firms in FINRA arbitrations involving allegations of account mismanagement, and we have conducted internal investigations on behalf of boards of directors and committees of independent directors.

Additionally, all money received which represents remuneration for real estate services, including money received from or on behalf of another brokerage, and whether or not the remuneration has already been earned, must be paid into the brokerage trust account.

If a brokerage is to collect and hold funds on behalf of the strata corporation, those funds must be kept in a separate trust account in the name of the brokerage on behalf of the client e.g. ABC Strata Management Co. in trust for VR 12777.

As a real estate licensee, Fred should ensure his clients understand which of his services are regulated under RESA, which are subject to the Business Practices and Consumer Protection Act, and that any funds he collects on behalf of the clients will be held by his brokerage in segregated accounts.

The financial records must readily distinguish between monies received and paid by the brokerage on its own account, and monies received and paid on behalf of others.

(ii) into a commission trust account maintained by the brokerage in accordance with the rules and, from that account, to or on behalf of the licensee.

8 - 7.1 (1) A brokerage must maintain separate books, accounts and other records with respect to each strata corporation to or on behalf of whom the brokerage provides strata management services.

(b) any accounting statements prepared by or on behalf of the brokerage that are provided to clients;

(a) if the brokerage is to hold the money on behalf of the strata corporation, transfer it to an applicable trust account under subsection (2)(b) or (c), or

(2.1) If a brokerage receives money that is subject to subsection (2) by means of direct electronic deposit into a brokerage trust account that receives funds on behalf of more than one strata corporation, the money must be transferred to the applicable trust account under subsection (2) no later than 3 days after the day on which it was received.

If a consumer has entrusted money to a real estate licensee or an unlicensed individual acting on behalf of a brokerage and that money has been misappropriated or wrongfully converted, intentionally not paid over or accounted for, or obtained by the fraud of that licensee or individual, the consumer may wish to make a claim against the Real Estate Special Compensation Fund.

(2) A brokerage must, for each strata corporation on behalf of which the brokerage holds or receives money, maintain the following brokerage trust accounts:

In conjunction with the above, the Rules require that: (1) a brokerage providing strata management services must establish in its service agreement the brokerage's scope of authority to sign cheques and make disbursements on behalf of its strata corporation clients [section 5 - 1 (5.1)(c)(i)-RSB-; and (2) the service agreement include a brokerage's authority to transfer amounts between brokerage trust accounts maintained for the strata corporation under section 7 - 9 (2) of the Rules [section 5 - 1 (5.1)(b)(i)-RSB-; Therefore, the Real Estate Council, when investigating complaints or conducting an audit regarding a brokerage, will look at service agreements to determine a brokerage's scope of authority relative to withdrawal of funds from trust accounts.

Section 7 - 9 of the Real Estate Council Rules was amended on July 1, 2012 to require a brokerage that holds special levy money on behalf of a strata corporation to hold that money in at least one trust account separate from the operating fund account and the contingency reserve fund (CRF) account.

Additionally the brokerage must ensure that the further provisions of section 7 - 9 of the Rules are satisfied, including ensuring that the appropriate signatures to withdraw funds from the trust accounts held on behalf of a section are arranged for and obtained.

In the same way that a brokerage, in advance of providing services, discusses with a strata corporation whether the brokerage will maintain the operating, contingency reserve and special levy trust accounts for the strata corporation, the brokerage must determine with each section on whose behalf management services are provided whether the brokerage will maintain the operating, contingency reserve and special levy trust accounts for the section.

If the brokerage holds or receives funds on behalf of a section, the brokerage must also maintain books, accounts and records with respect to those funds.

If the strata corporation wished to hold funds on behalf of a section and disburse funds at the section's instructions, the brokerage could not maintain a brokerage trust account on behalf of those funds.

Section 27 of RESA requires that all money received by a licensee from, for or on behalf of a principal in relation to real estate services, and all money received on account of remuneration including remuneration received from another brokerage, must be promptly paid or delivered to the brokerage.

any accounting statement prepared by or on behalf of the brokerage that are provided to the strata corporation;