Brokerage Agreement Sec

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(c) termination, expiration or conclusion.- Unless otherwise provided in the brokerage contract, After the termination, expiration or conclusion of the brokerage relationship, a licensee has no other obligations or obligations to a client, except for: Rule 17a-3 (a) (19) (ii) that a broker/dealer keep a record of the agreements relating to the relationship between any related person and the broker/dealer, including a summary of each related person`s compensation agreements, such as commission and concession plans. Some related persons are not directly involved in securities transactions with clients. Where a related person is not directly involved in securities transactions with clients or is compensated on the basis of securities transactions with clients, the broker/dealer would generally not be required to produce the data set required by Rule 17a-3 (a) (19) (ii). .