In all cases, a Licensed Person shall act with good faith and for the client’s benefit. He shall take the Care of a Prudent Person, and always be honest in all his transactions through compliance in particular with the following: 1. He shall not use the account he manages for Clients for purposes other than those specified for it or for the benefit of the Licensed Person nor for his own benefit, especially in financing purposes of whatever type, whether in the form of giving loans or credit facilities or mortgaging Investment Portfolio as collateral to obtain loans or credit facilities for his own benefit. 2. He shall not execute a Client’s order if such would incur a penalty set by a Regulatory Body or nor issue any order when a ruling or instruction of an investigatory authority or judicial entity has ordered the suspension the client’s orders nor if there are reasons or information indicating that client’s orders may entail the following: • Improper and misleading practices for the purpose of Securities manipulation. • Insider trading. • Not abiding by applicable laws and rules concerning Securities Activity, especially the clearing and settlement rules applicable in the Exchange and Clearing Agency.