Portfolio management agreements must preserve early client withdrawal rights upon termination, registration action, bankruptcy, or liquidation. Portfolio management agreements must be written and define the relationship, rights, liabilities and obligations of the Fund Management Entity and client, ... Summary
Portfolio management agreements must preserve early client withdrawal rights upon termination, registration action, bankruptcy, or liquidation.
Portfolio management agreements must be written and define the relationship, rights, liabilities and obligations of the Fund Management Entity and client, including investment objectives, risks, fees and contract duration. Client funds or securities may be withdrawn before maturity despite contrary contractual terms if either party terminates portfolio management services, the Fund Management Entity's registration is suspended or cancelled, or it enters bankruptcy or liquidation.
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