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ons, including butnot limited to seouritios laws end regulations (including the rules and regulations of the Secdritles and Exchange Commission and the Federal Reserve Boarder foreign securities regulator, as applicable), and the rules end regulations of FINRA, or any other self-'regulatory agencies or organizations having
s of foreign banks l"Foreign Securities"), Client acknowledges and understands that: (a) Foreign Securities are, in most cases, not registered with the Securities and Exchange Commissinn or Sated on any U.S. securities exchange. (b) Foreign Securities, particularly those of issuers in the so-called "emerging markets" are often illiqu
). Paying for the purchase of securities in a cash account with the proceeds of their suesequere sale• known as freeriding, violates Regulation T of the Federal Reserve Board, is prohibited and may. among other things, result in Client's Account being restricted or closed. 7. Impartial Lottery Allocation System. When DBSI
s of foreign banks ("Foreign Securities"), Client acknowledges and understands that: (a) Foreign Securities are, In most cases, not registered with the Securities and Exchange Commissinn or listed on any U.S. securities exchange, (b) Foreign Securities, particularly those of issuers in the so-called "emerging markets" are often illiq
). Paying for the purchase of securities in a cash account with the proceeds of their suesequere sale• known as freeriding, violates Regulation T of the Federal Reserve Board, is prohibited and may. among other things, result in Client's Account being restricted or closed. 7. Impartial Lottery Allocation System. When DBSI
s of foreign banks ("Foreign Securities"), Client acknowledges and understands that: (a) Foreign Securities are, In most cases, not registered with the Securities and Exchange Commissinn or listed on any U.S. securities exchange, (b) Foreign Securities, particularly those of issuers in the so-called "emerging markets" are often illiq
Entities connected to both Federal Reserve and the Securities and Exchange Commissinn

United States
LOCATIONPershing
LOCATIONForeign Securities which Client
ORGANIZATIONForeign Securities
ORGANIZATIONDEISI
ORGANIZATIONClionts
ORGANIZATIONSecurities anti Other Property
ORGANIZATIONDFISI
ORGANIZATIONen Affiliate
ORGANIZATION