Fisher v. PNC Bank N.A. et al, No. 1:2018cv22974 - Document 65 (S.D. Fla. 2021)
Court Description: ORDER GRANTING DEFENDANTS' MOTION TO COMPEL ARBITRATION. Closing Case. Motions terminated: 62 MOTION for Leave to Appear Virtually at Hearing on 08/24/21 at 2:45 PM . Attorney/Representative: Michael S. Zullo filed by PNC Investments, LLC, PNC Bank N.A.. Signed by Judge Federico A. Moreno on 8/23/2021. See attached document for full details. (jz01)
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Fisher v. PNC Bank N.A. et al Doc. 65 Case 1:18-cv-22974-FAM Document 65 Entered on FLSD Docket 08/23/2021 Page 1 of 16 UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF FLORIDA Miami Division Case Number: 18-22974-CIV-MORENO DIANE FISHER, Plaintiff, vs. PNC Bank N.A., and PNC INVESTMENTS, LLC, Defendants. - - - - - - - - - - - - - - - - - -I ORDER GRANTING DEFENDANTS' MOTION TO COMPEL ARBITRATION PNC Bank and PNC Investments moved to compel arbitration of Plaintiffs complaint alleging negligence of her bank account held jointly with her mother Rose Charlap. Plaintiff Diane Fisher signed an agreement on July 29, 2015 that said, "Pre-Dispute Arbitration: This account is governed by a pre-dispute arbitration clause, which appears on the last page of the Brokerage Account Customer Agreement, and you acknowledge that you have received a copy of this clause," and the last page of the Brokerage Agreement provides that all parties give up "the right to sue each other in court." Therefore, the Court finds, contrary to the Magistrate Judge's recommendation, that there is a binding arbitration agreement, PNC Bank's objections are sustained and its motion to compel arbitration is granted but all other motions are dismissed. Diane Fisher, with her mother, Rose Charlap, opened a joint bank account with Royal Bank of Canada. The daughter claims that her mother was of weakened mental state and was persuaded to transfer her account from Royal Bank of Canada to PNC Bank. Ms. Charlap's account became a joint Brokerage Account with her daughter, Ms. Fisher. The 11-page Brokerage Account Application containing the pre-dispute arbitration clause language was indisputably signed by Ms. Dockets.Justia.com Case 1:18-cv-22974-FAM Document 65 Entered on FLSD Docket 08/23/2021 Page 2 of 16 Fisher. The Brokerage Account Customer Agreement referenced in the application did not have lines requiring signatures. However, the signed application refers to the last page of the agreement specifically containing the following language regarding arbitration: 20. ARBITRATION This Agreement contains a pre-dispute arbitration clause. Under this clause, which becomes binding on all parties when you sign your Account Application, you, we and NFS agree as follows: A. All parties to this Agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. B. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. C. The ability of the parties to obtain certain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. D. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. E. The panel of arbitrators will typically include a minority of arbitrators who are or were affiliated with the securities industry. In certain cases, all of the arbitrators may be unaffiliated with the securities industry. F. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. G. The rules of the arbitration forum in which the claim is filed, and any amendment thereto, shall be incorporated into this Agreement. All controversies that may arise between you, us and NFS concerning any subject matter, issue or circumstance whatsoever (including, but not limited to, controversies concerning any Account, order or transaction, or the continuation, performance, interpretation or breach of this or any other agreement between you, us, and NFS, whether entered into or arising before, on or after the date this Account is opened) shall be determined in arbitration in accordance with the rules then prevailing of the Financial Industry Regulatory Authority (FINRA) or any United States securities self-regulatory organization or United States securities exchange, of which the person, entity or entities against whom the claim is made is a member, as you may designate. If you designate the rules of a United States self-regulatory organization or United States securities exchange and those rules fail to be applied for any reason, then you shall designate the prevailing rules of any other United States securities self-regulatory organization or United States securities exchange of which 2 Case 1:18-cv-22974-FAM Document 65 Entered on FLSD Docket 08/23/2021 Page 3 of 16 the person, entity or entities against whom the claim is made is a member. If you do not notify us in writing of your designation within five (5) days after such a failure or after you receive from us a written demand for arbitration, then you authorize us and/or NFS to make such designation on your behalf. The designation of the rules of a United States self-regulatory organization or United States securities exchange is not integral to the underlying Agreement to arbitrate. You understand that judgment upon any arbitration award may be entered in any court of competent jurisdiction. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class action who has not opted out of the class with respect to any claims encompassed by the putative class action until: (i) the class certification is denied; or (ii) the class is decertified; or (iii) the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. (Pages 1 and 14-the last page of the Agreement referenced in the signed 11-page applicationare attached as exhibits. The entire 11-page agreement is also attached to this order). Ms. Fisher alleges several counts of theft, fraud, and negligence against the bank because her mother under the influence of her son, Alan, withdrew money unlawfully from the joint bank account witho~t Ms. Fisher's knowl.edge or consent Those allegations, if true, are indeed sad. However, with an arbitration agreement signed by Ms. Fisher, these claims are to be resolved by an arbitrator. Ms. Fisher now claims that she did not receive the Brokerage Agreement referenced in her signed Application. Yet, the Defendant bank submitted an affidavit to the contrary. The Magistrate Judge relied on this alleged factual dispute to conclude that an evidentiary hearing needs to be conducted for a judge to decide what was received. This Court disagrees. There is no evidence or even an allegation of fraud committed by the bank in obtaining Ms. Fisher's signature. The 14page agreement is referenced in the signed application. As expected, banks and many institutions prefer arbitration to resolve disputes instead of the costly and lengthy proceedings in court. Ms. Fisher agreed. 3 Case 1:18-cv-22974-FAM Document 65 Entered on FLSD Docket 08/23/2021 Page 4 of 16 To read the signed application, that also requires arbitration, without the referred to Brokerage Agreement as a rejection of the joint decision to forego the courts and arbitrate is not reasonable. An evidentiary hearing is thus not necessary. What is needed is for the allegations of fraud and theft to be reached on the merits, but not by the Court, but by the arbitrator, as agreed by Plaintiff Fisher and the bank. The Federal Arbitration Act mandates that courts direct the parties to proceed to arbitration on issues as to which an arbitration agreement has been signed. Dean Witter Reynolds, Inc. v. Byrd, 470 U.S. 213, 218 (1985). The signed application, along with David Shafer's affidavit, are sufficient indication that both sides agreed to arbitration. Belated protestations that arbitration is not fair, the application was signed but not read, the Brokerage Agreement did not have a separate signature in addition to the application are not viable arguments sufficient to preclude arbitration.; Therefore, the motion to compel arbitration is granted and all other motions are denied as moot. y· DONE AND ORDERED in Chambers at Miami, Florida, this Copies furnished to: Counsel of Record ) J of August 2021. ' ~Page Case'i:is-·cv-2°2974'.~FAM bocu'rr1ent 65 8-1 Entered Enteredon onFLSD FLSDDocket Docket08/23/2021 10/09/iois,Page 5 iof Case of 1611 .,· 1:18-cv-22974-FAM ..Document ll Ill II Illlll lllllllllllllll 1111111111111111 BROKERAGE ACCOUNT APPLICATION PERSONAL ACCOUNTS D Individual Account Joint Account lmore than one account holder) • .ENTJTY ACCOUNTS • Tenant5 with Rights of Survivorship • D Tena nu In Common Custodl:d Ai:i:ount • • · ,._.. ,,.. • UTMA • UGMA • TOD - Individual ---- iiiiiiiiiiiiiii' ----........ --- Limited Liability Company CCorporation, • iiiiiiiiii s Gorporallon Ttr.rst Account Executor Pet'$01'11'tl Rep~$errtative TOO - Joint with P.1thl'$ of S1,1rvlvor$hl~ CCorporation S Corporation Partnarship1 · tl b Under Agreement 1:1 UnderWill Non·Prototype Transfer on Death Account • Corporatlr,m • • d ·Unincorporated -Assacl.itton1 Estate • Administrator • 0.PNC TNVESTMENTS ·• ----- IRA • Plan ·• "Trust ~ ..iiiiiiiiiiiil other: GUARDIAN -------- - -~ -----------~ ...,___, .......... = -- iiiiiiiiiiiii .1 lfyou are an antllytal(ed as a Fartne.-shlp, YilLJ must select the Partnership acoount type. 11wnl'!d by :in indiVidu.ir ttiat i~ a di5resarded -entity for tax purposes should provide the lndividuc1l's name, the DBA Company name and the lncllvldual's SSN 111 lhe Entity Account Information section or this appllcatlon, · z A domeslle LLC solely Brokerage Account Application • PNCI Form l.762452.0714 . Page lof 9 r,.a,,,... _ _ __ ' ~Page onFLSD FLSDDocket Docket08/23/2021 10/09/2"6i8'Page 6 3~ Enteredon Case 1:18-cv-22974-FAM Document 65 Entered ofof1611 ~I I IIIHIIIIIIIII Ill llll '.,,, ,•!, ·.- :Account Number full Legal Nama ________________~_O_S_E_C...,.H_A_R_L.;..;A;;;;..P_ _ _ _ _ _ _ _ _ _ __ MariralStalus 0 Single/Dl11orced/Wldowed Number of Dependents; L • Married ForTenanb in Comitlol'l, l!l(li~\e this OW1'1@(1S shara: E-mail Address _ _ _ _ _ _ _ _ _ _ _ __ UN£XPIR~D GOVERNMENT ID (lclentiftc;alilJn cfti,timent rn 11~t h,;we" refeten,e n1,Jml,l1u and photo.} Check which type ~f doit1rnent YQI.I ore provldrng: U.S. Driver's Ucense • Military ID • [I U.S. Passport • bate of l)lrtl'i (mm/(1(], D St<1fe lD , Employment Au1horl2ation. Document ti INS Card ber and state/country of lssµance orT~,rpayer ID NumbBr_-'------------' Phone Numbers Deytime Ext.~ bigal Addrlls5 (No P.O. Boxes} <14 WAtLStPL 12 · St ree t Zlp_lO_OO_S- ~ - - - City NBW YORK NY Zip _lO_O_l_l!_~---- Countr'I of Citizenship _u_.s_.A_._ _..a......_ _ _ __ AFFILIATIONS • Not Employed 121 Retit'ed Occupa6an~R==E:..:.T=-=llt~"e:==D::....__ _ _ _ _ _ _ _ _~ (JJ Not Emp!~tl ar Retired, indicate 5ciutce. a/ lncame.} Malllng Address {i'f different from above) Street PO BOX II ll Stat~ Employed Employer's Name and Address N!'l~e~~--------------Street------~~~-------- Citv------~---------- State _ _ Zip _ _ _ _ _ _ _ __ Country of Ta>i Residence _U_.S_.A_._ _ _ _ _ _ _~ • Check appropriate box: You are or you lilf are not a ffillated wl1h, or emplqyed by, a stock eio:ch;mge or <1 member firm Qf <11'1 exchange or FINRA, a municip;il securities dei'ller or PNC ltwe.stm1mts, and attach th8 compllanctt officer's letter or 11pproval ("407 letter»). lndltate the affiliated entity's name and address below. Failure to indude <Jh 1.1'pproval letter may delay the processing of your request, We rnuJt tell the affillated entity you have applied forthls account. t:l Check here if vcM affiliaticm lnform-alfon Is the same as VllUr em plover's. (If YllU checked this box. vo1.1 .ire not required to complete the Information below,) Affiliated l;ntity Name and Address Narne---------------------~~----~~---------- S t r e e t - - - - - - - - - - - - - - - - - - - - - ~ - - -........_....___________ City_ • -------== ---i iiiii _ __. EM PLOYMl:NT STAl'OS • Source of lncomeINVESTMENTS & SOCIAL SECURITY NEW YORK State NY ID 1$~1,1~ Dat@ {mm/ddjyyyy) _ _ _ _~ - - - - ID Expiration Date (mm/dd/yyyyJ-,---------- Evening. City {Number from the document c:hec:/ced above) -------- ;;;;;;;:::; ---------= _ .. -- ! :::::::: . State__ Z i p - - - - - - - - - - are or you IZl are not a control person or arflllate or an Jmmedlate family/household member of a control person ar affiliaia oF a publicly trilded e!lmpany under SEC Rule 144 hhis would include, but is not limited to, a director, 10% .!ihareholder, policy-making offfoer, Md metnbef$ of the bo:ird i:if dk~ci:1m}. · Chil!tk appropriate hox: You Trading Syml,ol ~ - - - C o m p a n v - - - ~ - - - - - - - - - - ~ ~ - - - - - - - - - Check appropriate box: You Dare or you 21 are not ,:1 senior foreign politic.ii fig1,1t(!, or ;i family m1u~ber or close relatlvl! ot a senior foreisn politit.il fig1,.1re. lkoker.ige A,x:ount Application • PNCI Form 1.762452,0114 Page 2 of9 r,. .. , , . . _ _ __ ~Page Case"i:i8~cv-2°2974~FAM bocument 65 8-1 Entered Enteredon onFLSD FLSDDocket Docket08/23/2021 10/09/iois'Page 74'ofof16 11 Case 1:18-cv-22974-FAM .. Document ' ·.-··· 11111111111~1111181111111111111 •, 'Ac,oµ~t.'Numbe( Full L~I N.ime DJANRFISHE.R Marital Slatus Single/Divon:ecf/Wicfow.ed 'iZI M<1rried Numbl!r of D11p11nd1rnts: _0_ • For Tenants In Common, Indicate this owner's share: E-mail Address Df~~ER.SO'N/lL@G~rAIL.COM; Social. Security Number _ _........,___________ orTaMpayer ID Number _ _ _ _ _ _ _....,._ __ xt._ Dilytir'ne · Evening_..,...._ _ _ _ __ fill' ·• U.S. Driver's License U.S. Pas5port EmployMeritAuthori~ation - • Military ID tl Stat!! ID INS Card • Document liumber and stal@/cmmtry of Issuance 06/14/.2.017 ID Expiration O*' (mm/cfd/'/'IYYJ-------• • Retired Source of I n c o m e - - - ~ ~ - - - - - - - - •= . -.,.(fl NoJ:.Emplay,:p pr:Retiw",.Jn([i,Clte.Swr{lJ <J[ lnr;QJ11e) Zip_l00_05_ _ _ _~ Malllng Addtess (if different from tJbove} Street PO BOX,1111 City NEW YORK Employer's Name and Address Name FISHEll PEI LLC country of Citb:erishi)l _u_.s_.A_._________ State ........... Zip _ _ _ _ _ _ __ country of Ta>e Residence _u_.s._.A""'._ _ _ _ _ _ __ • are or you~ are not affiliated with, or employed b¼ a stock tmhange or a member flrm of an 11xchanr:e or FINRA, a munlclpal sacur1H11s d@al@r ar PNC lnv11stments1 and attach th~ co111pltc.1nce officer's letter of approval 1"407 letter"), Indicate the affiliated entity's nc1me and address below. f;,ilure to include an <1pµroval letter may delay the processing of your request. We must tell the _affiliate cl entity you have applled far thrs account. ·Check appropriate box: You • Check here If your affiliation information is the same as your em plover's. (If you checked this box, you -are not (.!Quired to i;ompll!tl! the Information bl!law.) Affiliated Entity Name and Addre.;s N;inie _ _ _~ ~ ~ ~ - - - - - - - - -......._.__ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Street _ _ _ _ _ _ _ _ _ _ _ _ _~ - - - - - - - - - - - - - - - - - - - - - City _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Stat!! _ _ Z I P - - - - - - - ~ Cheek appropriate b(l)(: You • are or vou mar.!! not a .::ontrol person or affiliata or an immediate family/household member or a control person or affiliate cf a publiclv traded company under SEC Rule 144 (this would Include, but Is not llml1ed to, a dlrei:tor, 1D¾ $hareholdea:. pollcy,maldng officer, and rnarnber'S of the boafd or dlfecto,~}. Trading Symbol _ _ __ Company _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ____;__ Cher;" appropri.ite box~ Yo~ IJ an! or you~ .i~ not iii $!lnlor forei15n pi;lliticc1I figure, or a familv member or close relative of a s:enlor foreign polltical.figure. Brokerage AccowntApplkatioo • PNCI Form 1,762452.0714 --- iiiiiiiiiii ------ ; ;;;;; iiiiiiiiiiiiiii "'Stffiet _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Cll;'f---------~----- Zlp_lO_O_i&_ _ _ __ AFFILIATION'S 5,_i9_9_s_ _ _ _ __ in lnl.lt D.it, (mtrilclrlfwwJ°_61_•_ · ----- !!!!!!!! EMPLOYMENT STATUS liZf Employed • Not Employed Occupation SELF EMPLOYED Legal Addr~~ (No P.O. Boxes) Street 44 WALL ST FL 12 State NY • {Numberftom the ('loc(lment c11ttkrlcl oJ;,oveJ Phone Numbers State NY check which type of document you are providing: Document Date of Birth (mm/dd/J City NEW YO~_ UNEXPIRED GOVERNMENT ID (fdentifiwuon document mu~t hCIVE a reference number andphoro.) Page 3 of9 -------------- -- ---- Ca,se"i:is-·cv-2°2974~FAM bocu'n1ent 65 8-1 Entered Enteredon onFLSD FLSDDocket Docket08/23/2021 10/09/iois,Page ~Page85ofof1611 Case 1:18-cv-22974-FAM .. Document -·· -JII II Illllrnl 111111111111111 ffl Entity Name _ _ _ _ _ _ _ _ _ _ _ _ _ __, N~t\lre ofJhrslness ______________ Enlitv Tawpa'{er IC Nllruher _ _ _ _ _ _ _ _ __ CountryofT.ix Reslclence _ _ _ _ _ _ _ _ __ l'rust Date (mm/ddlyyyy- 1iusts onTyJ _ _ _ _ ______ country of organ11at1on _ _ _ _ _ _ _ _ _ __ Legal Addtess fNa P.O. '8oxris) · . Street ___________________ Maillnc- Address '(lfd/Jferentjrom·1eftl St~et _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ City _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ City _ ___,_..__ _ _ _ _ _ _ _ _ _ __ State--'-- Zip-----'-- Country _ _ _ _ _ __ St11te- Zip _ __ ENTl1f-ES>THAT,AREACC:OIJNT··;HOLDER$. ·'. ,:.-./_.:_.·. . ·.-.,._,;· . . • ' • '· • • ·'' '· •• ' • •• Entity Name _ _ _ _ _ _ _ _ _ _ _ _ __ • • ' '. ••• ' Country _ _ _ _ _ __ , .: ·. ·.·'..: · -. ·.: ..: ':.".\·.,. ~ • ,• " • • •• ~ .. : • iiiiiiiiiiiiiii • Entity Taxpayer ID Number ___________ Nature of B u s l n e s s - - - ~ - - - - - - - Country of Tax Residence _ _ _ _ _ _ _ _ __ lrust l:late (mm/dcl/yyyy - Trust5 only) _ _ _ _ __ · Country of Organbatlan - - - - - - - - - - ~ Mailing Address (If d/Jferent from ftft) Stmi.1 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Ugal Address (No RO, 80lCes} S-treet _ _ _ _ _ _---'-_ _ _ _ _ _ _..;.___ -----= .iiiiiiiiiii ......., -.-.... - iiiiiiiiiiiii City _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ c•tv~-------------- State,__ Zip _ _ __ Country _ _ _ _ _ __ Annual Income' {ffom ull sourn1s) Cl Under $25;000 F2f $25,000 ~ $.S0,000 $50,000- $100,000 • • Estimated Net Worth 2 (excludlng rerldence} Under $SO,OOO . • s:so,ooa -s100,aoo • $100,000-$500,000 M over $500,000 $ 1,140,000.00 lnvestable/llquitl .Asset$3 (im:/1Jdino aish cmd securities) • • • 0 · Fe demi Tax Bradret {highest margJ11al) 0%-15% 25%-21.5% Over27.5% ·• ~ • Over $100,000 S------- • State _ _ Zip-~-- Country _ _ _ _ _ __ Under S50,00D $50,000-$100,000 $100,000- $500,000 Ovl!r $500,000 $ 1,140,000.00 --- -== - Annual E11penses (rec11rrinq) Under $50,000 • ~ $50,000-$100,000 ------- q $100,(100 ~ $:\S0,000 • • $250,000-SS00,000 0\/Q( $500,00(,) - $------ !:::::::::!! Special Expenses Uuture (llld YJorl(er;uMng) fif Under $50,000 • $so,ooo-s100,ooo D $100,000-$::!.SO,OOO •0ver•$2!i0,000 •-•• $ _ _ _ _ __ .......... :a-Syeafs D 6-10years lncom1J l11clud2!i lnco~o from sourco.s such il$ emplr;iyrne11·t, .ilimonv, social sec;uritv. Investment Income, ete. Estimated Net Worth is the wlue of your assets minus your Hablllt[es. For this appllcatlon, assets lr1dL1d~ stll(k$, bonds, mutual fund1>, other securllle~, bank account~ and olhe, pel'Sonal ptoi)ar'ty, but ~lude ygur prirn;iry resident'e, Liabilities Include any outstandfog Joans, credl1 card bolances .ind t.ixes, but exclude Yollr morceage bslante. a liwestable/Uquld Assets are your 111!.t worth ml I'll.IS assets thllt tlinh0t be quir;klv <1nd Bo5ily converted Into cash, such as rl'Htl estate, b1,15in135s equity, P1J1>011;;il pn>perty, <'lllos, ellpected lnherlt1m~es, as~ets earmarked for other purposes and investments or accounts subject to substantlal penaltle$ If they were $old or if assets were wi1hdrawn from then,. 1 Annual 2 Broket'./18e Account Application • PNC[ fQrm 1.7~45i,0714 _,, " ---- ';;;;;;;;;;;;;: Tlmefr.1me (required for Jpedal expenses) ti Within 2. years &1' = Page 4of9 • bocu'n1ent 65 8-1 Entered Enteredon onFLSD FLSDDocket Docket08/23/2021 10/09/iois'Page ~Page9 6uofof1611 Caseui:iB~cv-2°2974~FAM Case 1:18-cv-22974-FAM ..Document - - AIXOUrltNumber ~ IIIll l!J II I llflI!I im Il!JII 1r Hlf lnVe$tlng lnvolw.1 rlsk. l'Jlfferant Investment products arid .5trategle, lnvolved!ffenmt d!!&niO of(!1k, lhe Ji"3het -the elll)eded t~Wl'i C">ft1,)}l'()dll{t.0f.~lratagy,. tile gfQQt~r.itie rl5k,1hatW1,1-®uld losa roos~ofyour1,we1trot?llt.Inv,mmen!Hhoullf be chos11.n bmd ~I\ ~lll' objeetlw:$, time- rrome snd ltiler~~ee flJf nmJt.et flucw~oos. fioiJl:yw1 rwes/ment obJ~Jar this a«Qtmrin arrJ1rra]imf1Qrtan~ (1. being th~ hrch~t},R~viM the o!tacMd cimomer ADraemMrforlniwrrJJnr Jn/ormarlori on lnvestmMt Db}ect,'\,u. _ Pruerwtion of Capital, I wanttoprenrve rnyll'lltil!T _ Specuh1tion. lam Wfllll'l& to:ampi;highrrsli:to my 1n1t1al principal, lnclud!ns h!il1 vo!atlllt?,I, toseor<: ltleh rimirns ovarwne,Md ul\\larm,nrl Icould lose~ ~ubttanttal amount of ~he mondy ;nves'ted. pr111cl(1$I fnthrs ae<o11nt, Wlth minim.I rhk, ewn If that mean, thg aCOOtJl'lt do~, Mt il)MNl;e&lgi\ifl,:,mt lriwtrle or,etUfm, am,! May notke.e.o Jlil-8 with lnijat'ion. ~ lncorui:1.1 :reek to generate lntomo fr<im rr1venmenu. I tun r11wa~~ In lnvesl:ll1ents with low hl~torlcal r1s!!. QflD~ 9f.prlndpal, .?.:.... capJUtl Appr~latior-.. 1~m wUling tosi:t~plS~ml! r1,k to my lnlt1al prirn;lpal and lalerate $0t'l'I~ VOli!.tillty to seekhlgherretums,und 11nd~rst.rnd I e<iuld lose a - ---· --------=· - l\'$~ln& Pr~flu, l~eek t9 take a1t'llln~3e of.!h<irt-Wri'I tradlnfopporttmlt!U (a. hlgM1ik.sr.rategyl. l jjMWllllnS' , ...to awpt mll!clmum.Jisk:to myln1t1<1f pr!n,Tpal tu aiwes~vely ~~~mwcl1m1m r.et11m~, 11~ vn~~w11d I wr,il4 l,;:i~e mQSt- cir al~ of \lie money rrw~~~d. __ Otner; _ _ _ _ _ _ _ _ _ _ _ _ __ _ .--.it ~. ~ ~- pMlon of~~ .mo~ lr,_v~$\'e<f. 1I!11''1 • • • lli$1\Tol,i,i;tttc~ ~ve for Eduoal!0n !=J fern~rvativl:! Savefor ~tirem~rit Save for Short-Torm G'Oill(s) I,{' Modi!r.i\e - ---.: ,--..0--A,We~"'"_ __ Cl Genera1e Income ,.• tnvestment li'rne,il orl:i:an ID Ar:cumulc1te Wealth d Short 1etrn l'.J Pl'eserve Wealth • ............... ti lil'le~tmr.:nt P"tpo~e = -= !i1' lrtootl'llMli11~ 'Mm f,!11,mt Spe~11h1tl<n1. 0 LM,l!Tclnt l=l O t i Y : t : - ~ - - ~ - - ~ - - - - - - - ' - " ' ·· G:enenil lnvo,tme11t. Krio1.lil1idf1i.: • Umited 111 eocid • • • Ext:en$1Ve financial lnvestma --~ Wura collacting the Information below to bett(!.ri.lnd~rJli!ruJy<.it.1rln11estffl~llt ~~erlence, We reco may dtange ov~t tiftll!; as-','ou wot!< with us. Pot the lype1 ofInvtJSfmenu belov{ 111i1rr:ore yow level of knaw!eddlJ os !"Dile,. Umltid, Good 011:xtenslve. Then, estimate thl! number oftramaclfans yau typ1'ri/ly ard~r perywr.. ------~ lllill..-i ,.._. ~w Optior,~~ ' { I.Jmlted Partne-r..shiITT Variable contracts~ t/ f1,1l.tlrt!S { .A11r11,1!\i~~ .. = I I F<ifeign Curt~MI foreign Se1;J.1rltie~ - ......... . ..- I .Alternative lnvestment5 MaJli(I~ !!!!!!!!!!!!! ,..._... Othi'!t iikMtot Brokerase Account Application • PNCl Page 5 of9 ~arm 1.162452.0714 ru•----liliiill Case"i:is~cv-2°2974~FAM bocument65 8-1 Entered EnteredononFLSD FLSDDocket Docket 10/09ii6i8'Page ~Page10i ofof 16 11 Case 1:18-cv-22974-FAM ..Document 08/23/2021 ··-· . . .. ' .- ·- -111-IIIIIIII IIIIIIIIIIIIIIIIIIIIII . ·Account Nvmber' . . . 1N·' v-e:s"J·MtNr ,.. bu . ,. -:· .. :... ·._--..-.,.-_._ .- ·.-·. - ·. ', ·':·.. ' ",::,.,...':':-·/_::,:•: -· -.......... ··•·..-·. ,'·'· ' '; ......... .J~-IR.U ,• _.c"J(u-,i:,o·wt·eo·cE· . . •'.nFt. ' .-tl ';,CONTl/1/UEO:' ADDITIONAL SUITABILITY IN.FORMATION Decision-Making Evperlen~i:! {Check (JfJ th(lt°'1'pj)fy}; • No Ye$ Ill No I consult with mv,.familv/rriends. , .. ,,..lilL.Y.es .. , . •. , ,,Na Atldltional lnfofmation MoVIN() AC o,77!)172~ T() THIS CJUARDIAN AC PER COURTORDER fi1 I consult with my broker • I fnak$ my owr'I deel$10n~ Yes • Pl:RC.l:NTAG.E; OF ASSE1S HcLD AWAY PI'Qlllde p~t,er,fr:zgc.s r:q your total investment portfolio for each t}lpe ofasset held away. TotoJ afall percentage1 mu.it e(i(.lrJf .100¼. Stocks _________ % "'Bonds _________¾ ~~---------% Mutual Fund~ ('.lptions ¾ Lkn1ted P;'lttrier:ihi~ % varrable comram % Security Futures % TOTAL VALUE OF ASSETS HELD AWAY Ptovlde roml value of assets held al orher /nsrflu't1ons. .Annuities % S Al1ern;iti'v1;, lrwestments % Foreign CUmmcy % Foreign Sec:urlly Other ¾, Total % 0,00 ----------=== -------- .!!!!!!!!! iiiiiiiiiii % -.. iiiiiiiiiiiii P/eose tell us haw you are funding this accaunr (check all rhor apply}: • Income D 8u5iness revenue • Savings from earnings • Salt;! ofaw:t~ • tl lnhC!rltance Legal/Insurance settlement 1Z1 Other FUNDS FROM ANOTHER ACCOUNT ··-Acc··o· ,•.Jti:i·1···F·EA:r,U'E)E'·s· .'.". :\ .... :· . . .: -: _:--•.: -_,·, _. . ·. - ..- _: ·. ..;-. ... · ',{:·Vi·;:,•'''·:. '<·:·:-:,.;::::-:'··"·,_, . . : --:.·:··:: ..~_·:-:~ . . .. U·,L:\I, .;. . · . 1:· I~.. ·. . .. , ... ·•..·:• ..: : ~.-:,.. •, . . ,, . . ·-: · . .... . , . ·. ,· ., "',. :: >::, ... · . : ,... · :• ".... 1 ----------==== --- CORE ACCOUNT All uninvested cash in your Ao::ount1 including money you have deposited that llas not yet been invested and inoome earned from securities (dividends, capita I ea Ins or sale proceeds), is aiJtomatic:ally deposited Into your core Account. Eath of the available Core Account options ha6 different benefits and risks, Including different !merest rates, customer protections and Insurance coverage (either· SIPC or FDIC]. Avallal;Jlllty of Core Ar;,;:ount options may change, and you may contact us to change iiiiiiiiiii - · youf Core Account option. An Investment In a money market fund Is not ln5ured or BUaranteed by the FDIC or any other government agency. Altho1,1gh these fund.s seek to preserve the value of your investment at Sl.00 per share, ll l.s poss Ible to lose money by investing in a fund. If yC1u choose a moni!y market fund as your corn Account opti¢n, w~ reserve the .right to terminate the fund and move your cash balan~e into .in FDIC-insured bank account. We will only do so after providing you wlth 'thl.-W {.;10) d;iys written notice prior ~ to making the change. If '/tlU choose the FDIC bGink deposit sweep option, If the Core Account option you select is unavailable or if you do not i;elect a Core AccountJ your unlnvl!Sll!d cash will automatfcally be swept toil n FDIC-insured bank accoimt ;u PNC B,mk, N.A., our ilffiliate, You ~re riit:»poluible fur monitoring thB tot,d amount of depo5lts you have at PNC Bank to determine lhe extent of FDIC coverage avallabletovou. F&d@ratti.d Gov&mmant Obligation~ Fund- QGOSQ Feder<Jred Prime Coi;h Obligations Fund- QPAXQ Federated US Treasury Cash Reserves-QTISQ ~ecler;itecl Mvr,Jr;lp;il Obli3;itions F1,1nd ~ C,MOS(l PNC Money Market Fund Class A- QPEAQ PNC Tax-Exempt Money Market Fund Class A-· QPXAQ PNC Government M1;m~y M-'r~et F1,1nd Cla~s A-QPGAQ PNC Treasury Money Market Fund Class A-QPRAQ PNC Bank Deposit Sweep Program l~usiness}-(°J,PNBQ PNC ~ank D~pO$il Sweep Proa ram (Consume,r)-QPNCQ Pif!ase insert the Core Ar:,o&mt option you haiJe selected from rhe llst abavtl': FEDERATEDPR.lMECASHO:BUOATlON'SFUND . I ..1 mve:itment Ve h1c e 1vt'.11t1e , Brokerage Account Applicatlort • PNCI Form :l.7624:'il.0714 QPRXQ lmrestment Vehicle Symbol _ _ __ . Page 6 of 9 ....... ,,..., _____ Case"i:is~cv-2°2974~FArvi bocu'n1ent65 8-1 Entered EnteredononFLSD FLSDDocket Docket08/23/2021 10/09/i6i8'Page ~Page118vof of 16 11 Case 1:18-cv-22974-FAM ..Document ···-· .,., ',•,,•· . ·-A"c··c·o·uN·,-:.,r::-cA'T-1'.:,R. .E ....s. , . ;.,.··,·.. "-:.-.,_.,_ . ·,.· . ./-\ . : .. , ·.1, ·l:"'.-~(;'\'.1-.\;{ . . · . ,.('.(~N."flN.,UF.)J:." ::_.}:;_:··:·.:. :i.. SALES PROCEEDS on11 bax b11low ta ifldlcati! what $hould b11 done wlth the pror;.eeds from the $[]le of sewdties. Check !ti' • • • • Hold 11'1 Cor'la Accoullt or 11'1 bfOkE!rage i:1CC01,n'll Send by check.to. rna(llng addreu.of ac:c:ount Send by electmnlc Funds transfer (EFT) Send by ir'ltl"ii-bank payment (IBP) DeUveryvs. payment (DVP) SECURITY PURCHASES. Check one box below to Indicate how the securities should bl! held_ lid • ·-111111111111111111 ,,, Hold Tn street name !\egiSter certllii:.i~s ro ~i:wvrit .im;I $end to m.illing ~ddress. tJ Dellvery.v.s. payment (DVP) . ....... ;-.......,........ ,...,. , . . .·...... , ·. ·. . · . . '• .." · ·. . \' .·: '·:: ·::::-=::·:-.:: '. :"• ,:. ·-: . : ", ,'. , ·:.: ·/··:·> · OPTIONAL ACCOUNT FEA'iU~ES Y,;,11 r?1(.1$t q1,1pflfy w r1dd these features to yc,ur accounr. !ndicute any features you wo11/d JTke to mqu11st, and canruit your Registered Re,:,rese11toti11~Jat QVoilcibi/ity and eligibilit~ .and ta obtain the appropriate additionat appllcatfon(s}. 'Note: You 1111:iy 'chongliyour iiixaunffe'alures (111d optlctnS Of Orly time, tvJth uduvrli;e Written nol:ir;.e to us, Accourit Feature~ • Margin D Options --- ~~-----.......---,-------,--- -Managed Account ------ iiiiiiiiiii; DIVID!;NDS AND INTEREST Ch~f< and box befow tc IMl,:Me how yov wcsr1t. dh,l[lentJ$ Qrld · Interest.to be handled. ---- -: - • Handle all diviclends and distributions like sales proceeds • Ralnvast mutual fund and aqulty dlvldl!nds, and handh! all 011,er dlsttibutions llke $ale$ proceeds &ll Reinvest mu.tual.fund.dlVldends, and handle .all.other dli;trlbutlong IIIU! 1aloi: proeoodi: D Reinvest equity dividends, and handle all other cllstr'lbutlons 111<1! &&ll!S pro~Qed, . Pay all distriburionsin-.:ash,md·send·a che~k • Weekly D Monthly • • Twice :a month Quarterlv AoDlilONAL.AUTHO~IZEO iRAOER(S} (OP-1JONAU · For each additional per.;on you wish to authorize for trading oil this account. com ult with your Reglsternd .Rl!.prniamtatlve to obtain prope, forms. -==---- ·o·uP"L':1c·A·TE"lri.iEQ''RM' A'Jt'o'·N·.. · ',.i!.'•.•:','\/';',,,;,.v ... :.:- : - · ·.· :·. ,';,:,:,, .... :--, .. .:--·,:··::":.· . · · · ,·,.._,_:,.': ··:· ...... · . ... ' : .• _:l:'\11_:. . . . f.:'<,: : ..:JO.P..JIQNALh ..:-'.'.;·;:_.', .. '.'· . ·.. ·.·· ........ ;... _,.. _.:·.i.:•.:;:.':·':i .. " ..: TO ACCOUNT HOLDERS • If 1hls box Is selected, we wlll send New Accoum Profiles (N.APs) and Re.vised Account Proflles (MPs} l'egarding tfanges to lnvf!dment obji!.ct!Vf!J, eddlttonal ac:co11nt holder a(ldre$S ch3ne;e.s ancl ri~rne ctiilnges to each account holder's malling ;iddress. If it is not selected, we will mail these communications to th~ malllng address of thl!. account and v.111 deem t11em to hav@ been delivered to all account holders. TO THIRD PARTIES Yo1J may request us to send the communlcations checked oerow to cm QdditicmQ/ person or persons by indicating their name(s) and oddtess(es) bt!low. • Ae<:ount Statements • Trade Confirmat\ons Name and Malllng Address Name---------------------------------~-~ --- -- iiiiiiiiiiii. Stieet------------------'------------~------------ City _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Brokerage AccOOt'lt Appllr::ation • PNCI Form 1.76245~.0n.4 State _ _. Zip _ _ _ _ _ _ __ P.ige 7 of 9 l""'lr,&.I,.. _ _ __ . EnteredononFLSD FLSDDocket Docket08/23/2021 10/09ii6is,Page LPage129ofof 16 11 Case 1:18-cv-22974-FAM Document 65 Entered ·-···· ...... · Account Nu111ber , 1111111111111111111111111111111111 ··sE'".:i'EJi,,f:r,;r.. ,. F.'i:V•',Il',,•l't:-·o· • • ,, p1J;C>.~ ~ ~.f:i~!~'·h• "1•'1 r.".'· RM' 'h'Il:O N"'. __ ..:. :· .,· .: .' ', ·.: '•, •••,:.;•,:::·,,::··: : . :.. :'. ,•'•. ,•• •':,"'•:.'.\'•-'·: •·.,', .• •• '•.. · ·: '. !:•'.:_:·. •. •.. '·. .. ,' '...•• •,: ', 17\, ,' • • •_'•:• • :' ':••,. • • •. ' ,, . • =·• :•.", • •• 'n ,'' V ~ Required for Transfer on Death acrounts. Optfonal for IRAs, Trti~t~ ~nd othet f>l.in accounts. FarTrusts, praVlde the Trust name, datl'.l e$t8bll$M<i ;)p,;I the mime:. Qf all Trustees. Does not apply to other account types. Use percen(a.iies anry. Shilrq pe,,;ent;ages lTiv~t tot.i 1100% for primary and 100% for contingent beneftclarie.s. If you make a Per Sttrpes designation, consult your estate•plannlng attomay ,md p,ovide 1h13 mime of the Executor or C: xi 0 ';j ot~er e,,1nt;(t: - - - - - - - - - - - - - - - - PRIMARY BENEFICIARIU . fl/ IA- • ·~-· "11 ~ .,._ :::r- t:t·--- Name of l!E!iiefkiary _ _ _ _ _ _ _ _ _ _ __ Name of Beneficiary_·_ _~-~-----'---'----~ .t:l Entity tJ Spouse Spouse Non-Spouse Trust • ' ~ • d Noo-.Spouse • Trust 'ttt.1stee (ifTru5t) - - - - - - - - - - - - - - - - - Tru~tee(/fTrvst) ~ - - - - - - - - - - ~ • tJ Social Security Number · or • Taxpayer ID Number • or • --- -------~ Ta>ipayer ID Nuinbe.- !!!!!!!!!! Date of Birth/Tru~t (mm/dd/ww) _ _ _ _ _ _ __ Date of Binh/Trust (mm/dd/wwl-------Country of Citizenship _ _ _ _ _ _ _ _ _ _ __ Share for this Beneficiary _ _ % Sc:11:lid Security Number ,~ 11== t1 Entity Country of Citizenship _ _ _ _ _ _ _ _ _ _ __ Share forthls Beneftcl:uy _ _ % Per Stirpes [:J Per' Stirpe~ --~ N~me of Ber,eficlat'y ____________ · Name of Beneficiary _ _ _ _ _ _ _ _ _ _ __ • Non-Spouse • Trust • Entity • Spo1,1se Non-Spouse tJ Trust · tl Spouse • Entity • Tru:i'tee {I/Trust) • Social Security Number . • or Taxpayer ID Number Tr~~.~!~ (if Trust) _ _ _ _ _ _ _ _ _ _ _ __ • Soc:ial Sec:urity Number or • iiiiiii.iiiiiii Taxpave.- ID N1.1mber = - tl~t~ Qf Bl11h/Tr.vst (mm/r.ld/yyyy} __________ . -Date.of Blnh/Trust {mm/dd/YWYl-------- Country of Citiieh,hip country of_Cltfzenshli>-----~------ Share forth is 8enefkial'y ~ • % Per Stirpes • Sharn for this Benefh;l;iry _ _ % Per Stirpes CONTING.El\lT B.EN.EFICIA~I~, AN.irne r,f 11,mefltl.iry _ _....... /V---'._If _ _ _ _ _ _ _ Name of Beneficiary _ _ _ _ _ _ _ _ _ _ __ t1 Spouse t1 Non-Spouse • Trust • Entfty Spou1>e D Non-Spouse • Trust • Enti'ty • Trustee (If 1iusr) _ _ _ _ _ _ _ _ _ _ _ _~ Trustee (if Trust)--------------~ • • Socia! Security Number • ar Taxpayet ID Number Date of Birth/Trust {mm/dd/yyfy) _ _ _ _ _ _ __ Courit,yof Clti~n.$hip _ _ _ _ _ _ _ _ _ __ Sh.ire for thi:; aerieficiirl\' _ • % Per Stirpes Socia I Seturlty Number ; ::;' ar ~ Date of Birth/Trust (mm/dd/wwJ-~-----Cauntry of Cltfzenshlp ~ - ~ - - - - - - - - - • Share for this Beneficiarv----'- % Per SrfrlJes Nameofbeneflclary _ _ _ _ _ _ _ _ _ _ _ _ · NameofBenettcrarv~----------~ • Non-Spouse • Trust • Entity • Spouse • Non-spou~e • Trust • Entity Trustee (i/Ttu5t) _______________ Trustee {1/Ttu~t} ~ ~ - - - - - - - - - - - [j Spouse • Soc:ial Set1.1rilY Number or • Taxpayer ID Number D Socia! Secutlty Nu«iber or • Ta~payer ID Number D.ite of Blr"th/Tt'u~t (mm/r.lrJJyyyyJ _ _ _ _ _ _ __ Date of Birth/Trust {mm/dd/w'IYJ-------Country of Citizenship _ _ _ _ _ _ _ _ _ _ __ Country of Citizenship _ _ _ _ _ _ _ _ _ _ __ Share for this Beneficiary _ _ 9' Share 1arthls Beneflclary _ _ % • Per Jtlrpe$ (ro Include mare /Jer1eflclotle!l, use ~ft(i $hllefs '1$ nece-55P(y.} Brolmraga Account Appllcation • PNCI Form l.752452.0714 --.-.....---------- SIGNATURE PAGE FDLlOWS ---------- ---- • Pase 8of9 ru,,..._ _ __ -;~ Case 1:18-cv-22974-FAM Case 1:18-cv-22974-FAM Document Document8-1 65 · Entered Enteredon on FLSD FLSD Docket Docket 10/09/2018 08/23/2021 Page Page 10 13 of of 11 16 . ~ This page is an addendum. to the origina1 document to disp1ay e1ectronic annotations that have been added and are stored with the document. Annotation UserlD Date 'UserName I Principal approved by Debra Hartzell I Tue Aug 04 08:17:14 EDT 2015 ~- Case Case 1:18:cv-229'7",f'FAM. "6ocLi'rnent 8-1 Entered Er)teredon ·onFLSD FLSODocket Docket08/23/2021 10/09/26"i~f'Page Page·14l iofvof1611 Document 65 r.-.: -~·,._\:.! 1:18-cv-22974-FAM / / / /- r -··· ~«-~€0_1ffi_ IfllllllJll~ll lll lllllllllill II~ Acr:011nt Numbor pi,~ASE JtEAO CMt:P!JLlV ,.., ... llV l11rJ11g IJ\ls klllll;Voo :rcJ,,no\lJll!dJQ \h~t\'OIJ hM l'm!vQ~ raag and lllld!l:til'td't!ili:~~llllt3l{o.,, tl'.t ~tlachad llr'O~rat,c. A(Mnl~Uoma, Aj\'QQIIIGfitilBd lh1!. l(lV0tt11tO11'd~llr~ ni lhatyou h3V!l had the .:!iipgrtvr.11'/{d :1tk 11uo,d~tll fth6Ultll~M. You ~ro acmoW1e~~6WfY01J have rualVtd, tl!Dll,nd' una-amMd 111y Jllpplam~nul tJ'O(u111cni, 10Yernlnicy«1mlatro~p \~lh\JJ, By'1(flfn1 lhlJ/lpplkallon, yau arffrm thettho lnto11M1(on VDU mvo prcvid&d 11 ncrorJtumfyau1gro.12 tonollfy us of'n11y clwn ,~, «1 1h11 rnf" ,rn~\lo ri ptqvf~qd, tryr.u~ro:, U.S.cltlill'!li ll,6.rntfrCQhtcffan arotherLl,S,,PcU~Oll,YIIU '"litt!l'Y 1.1nc!11rponDJ11~~r,l!rJuri U,;t: I ·{i}ITM:l'odll S11~tlty.Numbct.a~!TG)!l)W6r:rdl\n'dH~at10n·•,-iumb~fm;i't1 ~fovlde!I 011 thls :ip_pllcat{Ol'I ll>~Orf41!t (or Jtro wMng (01 a numh11rto be bSlled to me)> :tnd l2l hm nqt subJ!lGUI> bntlll,ip wrthholdli,f lieG11um (o) I am el(lffllpt frcn, bull.up w!U1holdln91 or(b) I hilVl! M~ lmn notfflcd by1he lnti:rmil J\o.v1ntJa ;'Jn/\l]t11 (11\$) th~t I 1m1.:1ubJe~ to backup \"1\hlloldlng tor fGIIV~ t<> l'on<irtull lJ\t~ri:::'t Qt JMdonck, i::,r MIha lltl her m,lltt.id 1111; ,h~H up 110 f111111<Jr ~1.ibI,ct to bDcklJp 11i1hh oldln~, 1md . t&l J eM a U.S,chl!on or orhef U,S. p$fJ011, IMludl~t II U.S.~ldent ~llen; 11n.d (11) I 011111orn1bJ,m w fAi'CAraponfne. Cl lfl"\I h~v~ b4un m1tlff9d tiy l~v 1M1h11tvo11 ata ~llttc:nll'(~u&lact.to &a~~llp Wlthh11lll'lnt? bc,svH y411 hava f1111&4 to npon:ill lntorcn ond aMi:ldtldV ol\ ~ur tax murn, chll.ck thlf l!o)! to tiitJJmo \h~f yo11 c10 n11r ceitffy !tam 1 a\lavit, )fl 111'11 liilt·11 u:s {tltben,1};~, r11$'1dari t ~llen-0r11th or'U.~, pol!e~, J11m ,ubmlttfl1~ tha a.p ,ill cabla Fl!rm'w-a w!lh this (otl'l'l'to'co'rtliy"rnrlotl!lsrrm:.nunntl';ih11~IT~o/5!g;',1clrn'ioirt~l9'hdnMit1. r-lnle! l:lyslgiir110 tnd duttn.s t~li torrn, ,n appll~prsautf\orl~ the.dT~cloJura Qf {Mlrn,m01,~11~grt~ ~1ltton{1) :a11d t1111taci Mor11titll)n, {or pwpom ofrcceMos olflCT;d llommuntonon1<1:i11G~tl)h1t; r11u11ll;l11~r .wllllt'ltfliiS1 If rolownti 10,(0).1111.l~uo,:,of rnunkli,DI ~Ci:Vrilfc1;,(b).n,1aut1t11Ior.a,,,/$suQ ol.mualclpar sccwltfa~ Tn Ht t.ipa~llY .u mrst110J {,;] o Jiitil or fader.ii l3)( :iuthQtfWJ l)r (d) .o c1mody14ailt for-1 ,1t1R11ed coi.rpvn munwp2l,:14cul!l1~ _i,roi?rnrri-Jn l~Q~Clty;1gc11stod~u1111.nt. Fonnnf!! ln~rm.\liOft, til~ll Hf c\1S"R~ !l,Ulti~G..S(t1l[ltl)_."!~? -G:~!'fal(llq_CA).__ /. P,,4;~Jsp11==J\rbnr~1tonr'r1truccountl• 1iw11rn~d b~ 1> prc:.,dr,pure ull11~011 (l~11iq, whlol1ip,11m~ on U10 ,~~tpillii: .. _ ofli\o'D1of<i:r~411.il.ccoun1 C:UstomorJ1t<a~menr,.on1lyo11;1~li'Jtll.wltO&e th:1t vau havurc«lved o. eoPY..{ltthll_dollN, ,. 'iii~ /r,ft(IIDfil&~iii {lol.Jtquire ~r,yptovlsf<m o/fhlt dQt;Uftrdilt"fJ(hOf thoti' rli1: mrlfttatron, 1eq11lffd lQ ~ya/,J bc~~"P 1vf1M~fdlng. ', ~ ,~MC«dQU t,. ~ Y";,:~~;~~i-io SIGNATURl!S (All A<ttJ11nl Ow,w-'mwr 1/gn 1/i~ rt"pt!WMAJ J'rl11uryJ\ppll'nntS11;mlur'e "l}i,t:M,o $ ?½q Co.J1,t,11lr~11~111.Slip,al.llrQ--~--------'---~~------ D a t i l - - - - - - c~uMJ)U~~tll2Sl1!1'tQ{llfl)------------~---- D l l 1 1 - - - - - \:Q•Apprr,~ntll3.S!~~U!IO.-------------~-->ca,,,Je,t;eC u;••tN•=--~nk) =• ..U.,~d,:de• I Dat~-7-_)_· 9-_/j Off(,aMmgtr/1'11!.elp~J Nirtit{~lftJ1~pl/JU,----~-~---~O/lkeMM~itl/P;lt,cl~Jj/UJ1\llfi:--.__..-.________.___ _ n1t1 oxo M2 o:xo AB;e11C'f JIMMGOl Afaono armordloltlcrHJ'llployedorPt-l'(:Jmtilmqnh,~lC1 Art.:!IIC qr rno1el:lolderuel1trve, ofll111J1lcycasof PNC.rr,vn~rn,l!n~, tlC7 Dllla _ _ _ _ __ eo11kB111nch,_O~IO~OQ~&4--........ 0 Vo, · Cf No t:1 Vei Aw:ne,or1t1J,~JrJt.rt,, , ,.,..,,,..,., ...e..,Yu ~ N6 0 Nll1 , .. 4DR:rrl:±1'aV'IIIION&Zllffl B~~tllRl!'Accc:rvntApplfcatt'on • ?NCI Farm l,741.452:.0:114 .. "' ,..---- Case 1:18-cv-22974-FAM 1:18-cv-22974-FAM - Document Document-22-1 Entered FLSD Docket 06/28/2019Page Page 14 Case 65 Entered onon FLSD Docket 08/23/2021 15 1ofof16 Account Number BROKERAGE ACCOUNT CUSTOMER AGREEMENT 1. ABOUT THIS AGREEMENT This is the Agreement for your brokerage Account. It describes the features and policies associated with the Account, including descriptions of possible investment objectives and the trading strategies employed to meet them. It also summarizes our responsibilities, and those of our Affiliates, as well as your responsibilities as an Account holder. Finally, it contains a pre-dispute arbitration clause, by which each of us agrees to give up the right to pursue claims related to this Agreement in court and instead to resolve any disputes through arbitration. Please review this Agreement carefully and keep it for your records. Do not return it with your Application. If you have any questions or concerns regarding your Account or need to inform us of any changes to your Account profile, you can reach us at: PNC Investments 620 Liberty Avenue Pittsburgh, Pennsylvania 15222 P2-PTPP-26-6 Phone: 800.762.6111 E-mail: servicel@pnc.com I Definitions Throughout this document, "we," "us," "our" and "the firm" refer to PNC Investments LLC ("PNCI"), together with our Agents and Affiliates with respect to any services they provide to your Account. National Financial Services LLC ("NFS"), a registered broker-dealer and New York Stock Exchange ("NYSE") member, is the Agent we have engaged to provide custody and clearing services for your Account. NFS has no fiduciary responsibilities to you or this Account, and does not offer any investment advice or opinions on the suitability of any investment in connection with this Account. "Affiliate" means any entity that is controlled by, controls or is under common control with PNC Investments, including but not limited to our parent, The PNC Financial Services Group, Inc., or as used with NFS, including but not limited to their parent, FMR, LLC. Each Affiliate is a separate legal entity and is generally not responsible for the obligatio11s of any other Affiliate. The terms "Account owner," "you" and "your" refer to the owner(s) indicated on the Account Application. For joint Accounts, these terms refer to all owners, collectively and individually. For Accounts owned by entities, such as trust or business Accounts, these terms refer both to the entity and to all Account holders. "Business Day" means Monday through Friday, excluding NYSE holidays. Brokerage Account Customer Agreement• PNC! Form 1.762451.0614 ~PNC lNVESTMENTS Member FINRA and S\PC 2. ACCOUNT FEATURES By accepting your Account Application, we agree to serve as your broker and maintain an Account for you. We agree to buy, sell or otherwise dispose of securities for you according to your instructions, subject to an authorized order. We and NFS also agree to provide the services and features described below. Note, however, that neither we nor NFS offers any tax, legal or accounting advice in connection with this Account. Cash Account Unless you complete the "Supplemental Application for NFS Margin Account Privileges," and agree to the "Disclosure on Credit Terms on Transactions," and NFS accepts your Account for margin trading, your Account will be opened as a cash Account. Margin Account A margin Account lets you borrow money from NFS, using the eligible securities in your Account as collateral. A margin Account is designed primarily to finance additional purchases of securities, and as noted above, requires a separate application. Margin may also be used to provide overdraft protection for your cash management activities, but there are certain risks involved in doing so. Consult one of our representatives for more information on the risks and benefits of a margin Account. Core Account Your Account includes a "Core Account" that is used to settle transactions and hold credit balances. Amounts credited to your Account will be invested in the "Core Account Investment Vehicle" you indicate on your application. If you do not select a Core Account Investment Vehicle, we or NFS may invest your credit balance in a money market fund, Bank Deposit Sweep Program or taxable interest-bearing credit account of our choice. Different Core Account Investment Vehicles may have different rates of return and different terms and conditions, such as FDIC insurance or SIPC protection. We or NFS may not consider these differences if we must select a default Core Account Investment Vehicle for you. If the Core Account Investment Vehicle you designate on your Application becomes unavailable at any time for any reason, you authorize us to select an alternate Investment Vehicle at our discretion. If this occurs, any or all of the credit balance in your Account may be placed into the alternate Investment Vehicle at any time. We will provide you with thirty (30) days prior written notice before investing your assets in an alternative Investment Vehicle. Bank Deposit Sweep Program If you choose a Bank Deposit Sweep Program as your Core Account Investment Vehicle, cash balances in your Account will be automatically swept into one or more interestbearing deposit accounts at our Affiliate, PNC Bank, N.A. (the Page 1 of 14 Case 1:18-cv-22974-FAM 1:18-cv-22974-FAM Document Document 65 22-1Entered Entered FLSD Docket 06/28/2019Page Page Case onon FLSD Docket 08/23/2021 16JA:,.of-i--4'"" of 16 1 -? Credit-Reporting Information For the name and address of any credit-reporting agency from which we or NFS have obtained information about you, send a written request to us or the card issuer, as applicable. Money Market Fund Investments An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation ("FDIC") or any other U.S. government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. USA PATRIOT Act Notice To help the government fight the funding of terrorism and money-laundering activities, Federal law and contractual obligations to NFS require that we verify your identity by obtaining your name, date of birth, address and a government-issued identification number before opening your Account. In certain circumstances, we may obtain and verify this information with respect to any person(s) authorized to effect transactions in an Account. For certain entities, such as trusts, estates, corporations, partnerships or other organizations, identifying documentation is also required. Your Account may be restricted and/or closed if we or NFS cannot verify this information. Neither we nor NFS will be responsible for any losses or damages (including, but not limited to, lost opportunities) resulting from any failure to provide this information, or from any restriction placed upon, or closing of, your Account. \.6__20. ARBITRATION ~ This Agreement contains a pre-dispute arbitration clause. Under this clause, which becomes binding on all parties when you sign your Account Application, you, we and NFS agree as follows: A. All parties to this Agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. B. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. C. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. G. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this Agreement. All controv~rsies that may arise between you, us and NFS _ concerning any subject matter, -issue or circumstance whatsoever (including, but not limited to, controversies concerning any Account,_ order or transaction, or the continuation, _performance, interpretation or breach of this or any other agreement between you, us and NFS, whether entered into or arising before, on or after .the date this Account is opened) shall- be determined by arbitration in accordance with the rules then prevailing of the Financial Industry Regulatory Authority (FINRA) or any United States securities self-regulatory organization or United States securities exchange, of which the person, entity or entities against whom the claim is made is a member, as you may designate. If you designate the rules of a United States selfregulatory organization or United States securities exchange and those rules fail to be applied for any reason, then you shall designate the prevailing rules of any other United States securities self-regulatory organization or United States securities exchange of which the person, entity or entities against whom the claim is made is a member. If you do not notify us in writing of your designation within five (5) days after such failure or after you receive from us a written demand for arbitration, then you authorize us and/or NFS to make such designation on your behalf. The designation of the rules of a United States self-regulatory organization or United States securities exchange is not integral to the underlying Agreement to arbitrate. You understand that judgment upon any arbitration award may be entered in any court of competent jurisdiction. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class action who has not opted out of the class with respect to any claims encompassed by the putative class action until: (i) the class certification is denied; or (ii) the class is decertified; or (iii) the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. D. The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. E. The panel of arbitrators will typically include a minority of arbitrators who are or were affiliated with the securities _ industry. In certain cases, all of the arbitrators may be unaffiliated with the securities industry. F. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. in some cases, a claim that is ineligible for arbitration may be brought iri court. Brokerage Account Customer Agreement • PNCI Form l.762<1,51.0614 Page 14 of 14
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