TO: MURIEL SIEBERT & CO., INC.
FULLY DISCLOSED CLEARING AGREEMENT
NATIONAL FINANCIAL SERVICES LLC
REQUESTED PURSUANT TO RULE 24b-2
Certain portions of this exhibit have been omitted pursuant to a request for confidential treatment under Rule 24b-2 of the
Securities Exchange Act of 1934. The omitted materials have been filed separately with the Securities and Exchange
This Agreement for fully disclosed clearing services (“Agreement”), shall be effective, subject to approval by the
Financial Industry Regulatory Authority (“FINRA”), as of the last date executed by the parties as set forth below (“Effective
Date”), by and between NATIONAL FINANCIAL SERVICES LLC (“NFS”), a Delaware limited liability company, and MURIEL
SIEBERT & CO., INC. (“Correspondent”), a Delaware corporation. Beginning as of the Effective Date, this Agreement replaces
and supersedes the clearing agreement between NFS and Correspondent dated March 20, 2000.
A. Correspondent is a broker or dealer registered with the Securities and Exchange Commission (“SEC”). Correspondent
engages in the business of providing securities and investment services to customers.
B. NFS is a broker and dealer registered with the SEC, and engages in the business of executing and clearing transactions
and carrying the accounts of brokers and dealers and their customers.
C. Correspondent desires to continue to engage NFS to execute and clear transactions and carry accounts on a fully
disclosed basis on behalf of Correspondent and Correspondent’s customers (“Customers”) which are introduced by
Correspondent and accepted by NFS as provided in Section IV.3 (all such accounts being referred to hereinafter as
“Accounts”) and to perform such other services as are provided for herein. NFS desires to continue to provide such
services to Correspondent and Customers.
D. NFS and Correspondent recogn