Cambridge Investment Research, Inc.
Cambridge_ClientInformationandSuitabilityForm_101518.4 Page 5 of 10
TO: CAMBRIDGE INVESTMENT RESEARCH, INC. (Cambridge) in consideration of Cambridge effecting securities trades for my account and/or
performing investment supervisory services, I agree as follows:
1. Nature of Services Provided: I understand that all information supplied by the undersigned will be subject to verification and that the information on this application
is correct. I understand that I have entered into a binding agreement with Cambridge, a broker-dealer and member FINRA and SIPC, and have established an account
with Cambridge. Therefore, I understand that I should not deliver cash, traveler’s checks, or money orders or make checks payable to my financial professional or his/
her business entity to purchase securities.
2. Authority and Ownership: I have the required legal capacity, am authorized to enter into this Client Agreement, and have obtained and will provide Cambridge with
all necessary authorizations from third parties to open accounts and effect transactions in securities under this Client Agreement. I will be the owner of securities pur-
chased, held, and sold by me through Cambridge.
3. No Advice: I understand that Cambridge provides no tax or legal advice and that my financial professional may provide tax or legal advice in his/her separate capacities
as a CPA, enrolled agent, or attorney.
4. Appointment of Cambridge as Agent: Cambridge is a registered broker-dealer. I appoint Cambridge as my agent for the purpose of carrying out my directions with
respect to the purchase or sale of securities. To carry out its duties, Cambridge is authorized to open or close brokerage accounts, place and withdraw orders, provide
information to third parties, and take such other steps as are reasonable to carry out my directions. As applicable, I authorize Cambridge to retrieve my historical trans-
action and position data from former broker-dealers and/or product sponsors where my account(s) are or have been held, and from Albridge Solutions.
5. Abandoned or House Accounts: If it is determined that your account no longer has a registered representative of Cambridge associated with it, then Cambridge will
code your account as a House account and will provide you with separate written notification that Cambridge does not have internal staff to monitor House accounts.
With the notification that your account has been assigned as a House account, Cambridge will explain your options for transfer or liquidation of your account and indi-
cate a deadline for such transfer or liquidation. If you fail to respond in a timely manner to Cambridge’s notification and request for you to provide transfer or liquidation
instructions, then Cambridge is authorized to liquidate all positions in your account and will send a check to you at the address of record for your account in the amount
of the liquidation proceeds less the payment of all debits and costs of liquidation.
6. Extraordinary Events: Cambridge shall not be liable for loss caused directly or indirectly by war, terrorism, natural disasters, government restrictions, exchange or
market rulings, or other conditions beyond Cambridge’s control, including but not limited to extreme market volatility or trading volumes.
7. Joint Accounts (not Inclusive of Joint Tenants in Common Registrations): If this account is owned or controlled by more than one individual or entity, “I” refers to all
account owners, and each of the account owners jointly and severally agree that any account owner has authority on behalf of the joint account to:
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All obligations and liabilities arising in connection with this account and Client Agreement are joint and several and may be enforced by Cambridge against any or all account
owners. Cambridge is authorized to follow the instructions of any joint account owner, without notice to any other account owner, in every respect, and to deliver any or
all monies, securities, or other property to any joint account owner upon the instructions of any joint account owner, or to any other person upon such instructions, even if
such delivery or payment is to that joint owner personally and not the other(s). Cambridge will be under no obligation to inquire into the purpose or propriety of such delivery
or payment and is not bound to inquire into the disposition or application of such delivery or payment. This authority remains in force until written notice to the contrary is
addressed to Cambridge and delivered to its office. Cambridge, in its sole discretion and for its sole protection, may terminate the account upon receipt of such notice and
may, but need not, require the written consent of all account owners prior to action upon the instructions of any account owner.
8. Governing Law: This Client Agreement and its enforcement shall be governed by the laws of the state of Iowa without giving effect to the conflicts of law provisions
thereof; shall cover individually and collectively all accounts I may open or reopen with Cambridge, and shall inure to the benefit of Cambridge’s successors and
assigns, whether by merger, consolidation, or otherwise, and Cambridge may transfer such account of the undersigned to Cambridge’s successors and assigns, and
this Client Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the undersigned.
9. Amendments: Cambridge may amend the terms and conditions set forth in this Client Agreement in any respect from time to time and any such amendments shall
become effective immediately upon providing written notice to you at your last known address, including an electronic address if authorized by you, as shown in the
records of Cambridge. Your continued account activity constitutes your agreement to be bound by such amendments to these terms and conditions.
10. Compensation for Routing Orders: Please be advised that Cambridge will receive remuneration, compensation, or other consideration for directing
client orders to
particular broker-dealers or market centers for execution. Unpriced orders can be executed at prices superior to the displayed national best bid or offer and the time the
order is received. The source and nature of any compensation received in connection with your particular transaction will be furnished upon request to Cambridge. A
detailed explanation of order routing will be provided to you on an annual basis.
11. Service Charges: Cambridge and its clearing firms may charge certain fees or service charges from time to time for services including, but not limited to, wire fees,
overnight check fees, annual custody and recordkeeping fees, stop payment fees, bounced check fees, extensions, physical delivery of securities, inactive account
fees, account closing fees, paper statement fees, paper confirm fees, and voluntary account transfers. Cambridge and its clearing firms, upon 30 days written
CAMBRIDGE INVESTMENT RESEARCH, INC.
CLIENT AGREEMENT