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Michigan Department of Treasury and Unemployment Agency 151, Formerly C-1029 (Rev. 9-99) POWER OF ATTORNEY AUTHORIZATION This form is issued under the Revenue Act. Filing is voluntary. Note: Use item.

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A clearing broker is a member of an exchange that acts as a liaison between an investor and a clearing corporation. Prime brokerage refers to a complex group of financial services that some brokers may offer to special clients such as hedge funds and large investors.

A prime brokerage agreement sets forth the terms and conditions pursuant to which a prime broker will open and maintain accounts for margin, execution, clearing and settlement and custody for a client. Prime brokerage arrangements may also include securities financing.

An introducing broker (IB) is a broker in the futures markets who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant, typically a futures commission merchant (FCM).

An introducing broker (IB) is an individual or organization that solicits or accepts orders to buy or sell futures contracts, commodity options, retail off-exchange forex contracts, or swaps but does not accept money or other assets from customers to support these orders.

Executing Broker means a broker that merely buys and sells shares on behalf of clients. The broker does not give advice to clients on when to buy or sell shares; Sample 1Sample 2.

Use the Authorized Representative Declaration (Power of Attorney) (Form 151) to authorize the Michigan Department of Treasury (Treasury) to communicate with a named individual or entity acting on your behalf.

Introducing Broker vs Clearing Broker vs Executing Broker An introducing broker introduces the client to a clearing broker. The clearing broker handles the trade and manages the account. In contrast, an executing broker processes buy orders and sell orders. An IB delegates the work to different brokers.

Purpose. Use the Authorized Representative Declaration (Power of Attorney) (Form 151) to authorize the Michigan Department of Treasury (Treasury) to communicate with a named individual or entity acting on your behalf.

A prime brokerage agreement sets forth the terms and conditions pursuant to which a prime broker will open and maintain accounts for margin, execution, clearing and settlement and custody for a client. Prime brokerage arrangements may also include securities financing.

A Michigan tax power of attorney (Form 151), otherwise known as the “authorized representative declaration,” is used to appoint someone, usually a tax attorney or certified public accountant, to represent another person at the Michigan Department of Treasury.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232