The document outlines the role of Pershing LLC as a clearing broker, its responsibilities, and the arbitration agreement related to disputes. It emphasizes that Pershing acts as an agent for financial institutions, does not provide investment advice, and is not liable for the actions of financial institutions. The document also details the arbitration process and the rights of parties involved.
doj/DataSet10/EFTA01383342.pdf
{"document_type":"correspondence","key_locations":["Jersey City, New Jersey"],"document_subtype":"disclosure statement","key_organizations":["Pershing LLC","Securities Investor Protection Corporation","Financial Industry Regulatory Authority","The Bank of New York Mellon Corporation"],"reference_numbers":["DB-SDNY-0083037","SDNY_GM_00229221","EFTA01383342"]}