Securities Account Control Agreement (Genie AI)

The Securities Account Control Agreement (Genie AI) is a legal template designed to govern the terms and conditions for controlling a securities account. This agreement outlines the relationship and obligations between a securities account owner (referred to as the "grantor") and a third-party entity, such as Genie AI, that has been granted control over the account.

The agreement covers various aspects, including the rights and responsibilities of both parties, limitations on the grantor's ability to trade or transfer securities, and the protection and preservation of the account's assets. It also establishes procedures for notifying the grantor about any changes or movements within the account, as well as the circumstances under which the control agreement can be terminated or amended.

This template ensures that the grantor and Genie AI are operating within the legal framework, providing clarity and certainty regarding the control and management of the securities account. It aims to protect the grantor's assets, maintain accurate bookkeeping, and comply with applicable laws and regulations governing securities accounts. Overall, the Securities Account Control Agreement (Genie AI) is a crucial document for establishing a mutually beneficial relationship between the securities account owner and the third-party entity granted control.