Legal Entity Clients Are

Legal entity clients are entities created by filing with a state office or with the Secretary of State, as follows:

• corporations
• limited liability companies
• limited partnerships
• general partnerships
• business trusts
• any other entity created by a filing with a state office
• any similar entity formed under the laws of a non-US jurisdiction

Nothing else is a legal entity client.

Legal Entity Clients Are Not

Legal entity clients are not:

• natural persons
• sole proprietorships
• unincorporated associations, such as a a neighborhood association
• trusts, other than statutory trusts created by a filing with a state office
• the following legal legal entities: 
  • federal or state regulated financial institutions (i.e. federally regulated banks, brokers or dealers in securities, mutual funds, futures commission merchants, and introducing brokers in commodities)
  • bank and savings and loan holding companies
  • state-regulated insurance companies
  • publicly held companies listed on the New York, American, or NASDAQ Stock Exchanges
  • registered investment advisers and investment companies
  • SEC-registered exchanges or clearing agencies
  • entities registered with the SEC