Market Data Agreements
Disclosures & Agreements
Limited Power Of Attorney And Fee Withdrawal Agreement
I have entered into an Investment Advisory Agreement with Ursa Financial, LLC (the “Advisor”) and appointed it as my agent for the limited purpose of trading US Exchange listed equities and ETF’s in my account. This agreement supplements the other agreements I have executed, and directs DriveWealth to follow my Advisor’s direction with respect to such trading. I understand that I may not execute trades in my account while this agreement is in force.
Role of Advisor
This agreement authorizes DriveWealth to accept the instructions of the Advisor on my behalf. This authorization will be applicable to all assets I hold in this managed account. I hereby grant Advisor the Limited Power to buy or sell, exchange, convert, tender, trade, or otherwise acquire or dispose of US Exchange listed equities on my behalf. I understand that DriveWealth will charge commissions each time a trade is effected.
DriveWealth is authorized to follow the instructions of my Advisor to withdraw management fees directly from the account according to the terms of the advisory agreement between me and Advisor. I agree to indemnify DriveWealth for any fee withdrawals made at the instruction of my Advisor in error.
I authorize DriveWealth to aggregate orders for my account(s) with orders for one or more other accounts over which my Advisor has trading authority. My Advisor is authorized to receive all information regarding my account and to receive account statements, confirmations and tax information. I understand that my access to my account is limited to view only, and that only my Advisor may execute trades.
I acknowledge that this Limited Power of Attorney merely authorizes DriveWealth to accept instructions from Advisor to conduct certain activities with respect to my account and is not a substitute for an advisory agreement.
Role of DriveWealth
DriveWealth will merely effect instructions of my Advisor. DriveWealth will not provide legal, tax or trading advice, and are not responsible for determining the suitability of any investment strategy or transaction. DriveWealth is not responsible for investigating or selecting Advisor. DriveWealth has no responsibility for reviewing or monitoring any investment decision or activity of the Advisor and assumes no responsibility for determining if Advisor is complying with the laws regarding its provision of advisory services.
Neither the Advisor nor any its officers, directors or employees are employees, agents or associated persons of DriveWealth and have no authority to make any representations or provide any warranties on behalf of DriveWealth.
Termination
I agree to notify DriveWealth immediately, in writing, of any changes or termination of this Limited Power of Attorney. If I die or become incapacitated, this Power of Attorney would be rendered void. This Limited Power of Attorney shall remain in effect until DriveWealth receives written notice of its termination and has had sufficient time to process such notice and terminate Advisor’s authority.
Indemnification of DriveWealth
I agree to hold DriveWealth, and any affiliates, and its and their successors and assigns, and its and their directors, officers, employees and agents harmless from and against all claims, actions, costs and liabilities, including attorney’s fees, arising out of or relating to their reliance on this Limited Power of Attorney, or their execution of any of Advisor’s instructions. I agree that since DriveWealth will not supervise or monitor Advisor’s trading decisions or other activities, I will not attempt to hold DriveWealth liable for any trade or decision or action of Advisor. DriveWealth’s rights under this paragraph are in addition to any other rights it has under other agreements with me.
W9 Agreement (U.S. Citizens and Permanent Residents)
I authorize my broker and/ or Clearing Firm to obtain a consumer report at the time of application to verify my creditworthiness and to obtain a consumer report from time to time for updates, renewals, extensions, and collection activity on any approved account. Upon my written request, my broker and/ or Clearing Firm will disclose to me whether it obtained a report, and if so, the name and address of the consumer-reporting agency that provided it. In the event that my account is denied by Clearing Firm, as a result of the consumer report verification, I authorize Clearing Firm to provide to my broker the reason(s) for such denial.
Under penalties of perjury, I certify that:
- The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and
- I am not subject to backup withholding because:
- I am exempt from backup withholding, or
- I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or
- the IRS has notified me that I am no longer subject to backup withholding, and
- I am a U.S. citizen or other U.S. person (defined below). Disregard item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return.
Definition of a U.S. person. For federal tax return purposes, you are considered a U.S. person if you are: An individual who is a U.S. citizen or U.S. resident alien, A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States, An estate (other than a foreign estate), or A domestic trust (as defined in Regulations section 301.7701-7).
The Internal Revenue Service does not require your consent to any provisions of this document other than the certifications required to avoid backup withholding.
Rule 14b1(c)
Rule 14b-1(c) of the Securities Exchange Act, unless you object, requires us to disclose to an issuer, upon its request, the names, addresses, and securities positions of our customers who are beneficial owners of the issuer's securities held by us in nominee name. The issuer would be permitted to use your name and other related information for corporation communication only.