- 22 -
account number; (2) the power of attorney, which identified the
client's name; (3) the client's Signature Card, signed by the
client, which identified the client's name, LTD account number,
and address; and (4) the client's passport, which identified the
client's name. Additionally, if applicable, the client legal
file contained correspondence, and, with corporate clients,
corporate documents such as certificates of incorporation and
minutes of corporate meetings.
F. INC's Consulting Agreement With LTD
LTD and INC entered into an agreement dated "as of February
1, 1983" (the Agreement). Pursuant to the terms of the
Agreement, INC agreed to furnish LTD "with such factual
information, research reports and investment recommendations
relating to securities of issuers or other investments designated
by * * * [LTD]". INC agreed to furnish LTD with "such advice as
* * * [LTD] may reasonably request with respect to the relative
attractiveness of securities of issues or other investments
located in the United States."
Paragraph 4 of the Agreement provides that, at the
discretion of LTD, INC
will invest such cash, securities and other properties
comprising the assets of investment advisory clients of
* * * [LTD] as * * * [LTD] shall instruct, in such manner as
* * * [LTD] shall instruct. In order to carry out such
instructions, * * * [INC] will have the authority for and in
the name of * * * [LTD]:
(a) to purchase, sell and deal in, on margin or
Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NextLast modified: May 25, 2011