Define: Personal Account

How is Personal Account defined in a legal contract?

• Personal Account means any account owned by an employee or an access person in which securities may be held or any such account in an Employee or Access Person has a beneficial interest. Seen in 61 SEC filings.
• Personal Account means any account in which a covered person has any beneficial ownership. Seen in 46 SEC filings.
• Personal Account means both any securities account in which an Access Person has beneficial ownership and any account over which the Access Person has direct or indirect influence or control with respect to the purchase or sale of individual securities. Seen in 45 SEC filings.
• Personal Account means any account in which securities may be held that is owned by, or in the name of, an Employee or a family member, or any account in which an Employee or a Family Member has a beneficial interest or over which an Employee or a Family Member may exercise investment discretion. Seen in 44 SEC filings.
• Personal Account means any account owned by, or in which a beneficial interest is owned, in the name of an Employee or Access Person or any account in which an Employee or Access Person has any direct or indirect Beneficial Interest. Seen in 41 SEC filings.
• Personal Account means any account used for the purchase and sale of securities in which an Employee has a direct or indirect Beneficial Ownership. Seen in 23 SEC filings.
• Personal Account means any securities and futures account of an Employee in which the Employee has a direct or pecuniary interest or for which such Employee influences or controls the investment decisions. Seen in 23 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of personal account' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Personal Account means any account owned by or in the name of an Employee or Access Person, and includes securities.

Relevant Contract Types

• Employment Contract
• Partnership Agreement
• Non-Disclosure Agreement

Relevant Circumstances

• Onboarding of new employees where matters of personal finance come into play
• Establishing Partnership Agreements where financial management is agreed upon
• Situations requiring confidentiality such as non-disclosure agreements

Relevant Sectors

• Financial Services
• Information Technology
• Professional Services

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Genie Definition 2

• Personal Account means an account over which an Employee or Access Person has direct or indirect control related to investment decisions.

Relevant Contract Types

• Financial Planning Agreement
• Investment Advisory Agreement
• Shareholder Agreement

Relevant Circumstances

• Where an individual enlists the help of an advisor for financial planning
• Entering into an advisory relationship for investment purposes
• Shareholder agreements detailing investments and securities

Relevant Sectors

• Financial Services
• Retail
• Real Estate

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