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The client confirms that all information stated in the application form and all documents enclosed with it are true, accurate, and legal. The client undertakes to abide by the laws and regulations of Abu Dhabi Securities Exchange and Dubai Financial Market, and authorize IFA Securities L.L.C to buy and sell client demand of stocks or securities being circulated in the markets, and undertakes to pay all amounts which becomes due as a result of his/her demand. Such undertaking is irrevocable and irrefutable whether by the client or by any other party.
The client acknowledges and accepts that security prices are subject to change and are actually changing, that the price of any particular securities may fluctuate up or down or even become valueless, and that there are risks of sustaining losses instead of gaining profits as a result of sale and purchase of securities.
The client grants IFA Securities L.L.C the right to take any measure or make any arrangements which it may deem fit in accordance with the laws and regulations of Abu Dhabi Securities Exchange and Dubai Financial Market including selling his/her stocks related to his/her account with them in case the client fail to settle his/her financial obligations, and the client undertakes to pay all fees, penalties, brokerages and any other difference in the stock prices which may become due thereof. The client agrees and authorizes IFA Securities L.L.C to record or file any verbal or telephone orders, and any requests or discussions made by him/her with regard to sale or purchase of any securities circulated in the markets.
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