|
Other Account Fees*
|
Type |
Cost |
|
Returned Check |
$25 |
|
Stop Payment within 10
days |
$25 |
|
Certificate
Deposit Fee |
$75 |
|
Certificate
Transfer Agent Fee |
$35 |
|
Certificate
DTC Fees |
$44 |
|
Certificate Process Fee |
$400 |
|
DWAC or DRS Process Fee |
$400 |
|
ACAT, Outgoing |
$50 |
|
Forced Margin Sellout |
$20 + Regular Commission |
|
Overnight Mail |
$20 |
|
Voluntary Corporate Actions |
$20 |
|
IRA Annual Maintenance
Fee |
$35 |
|
IRA Set-up Fee |
$25 |
|
IRA Closing Fee |
$75 |
|
Wire-Domestic |
$25 |
|
Wire-Foreign |
$50 |
|
Inactivity Fee - Quarterly if
under 15 Trades |
$30 |
|
Physical Mail Confirmation |
$4 |
|
Physical Mail Statement |
$10 |
*
There is a regulatory fee of $0.0000224 of the
total dollar amount of securities sold. This fee
is assessed for all SELL orders and is added to
any total commissions charged. (as of 4/1/2012)
*
There is an
FINRA TAF fee 0.000119 per share of securities
sold with a maximum of $5.95 per trade. This fee
is assessed for all applicable SELL orders and
is added to any total commissions charged (as of
7/1/2012)
* Certificate,
DWAC and DRS
deposits and transfers may incur substantially
higher fees based on various factors that are
not listed on this page.
*
Clients who do not elect to receive their confirmations and statements electronically
will be charged $4 per confirmation and $10 per statement that is physically mailed. If clients request these documents
to be sent electronically by email, then there is no fee for that delivery.
*
Clients cannot trade any foreign stocks trading is U.S. dollars. These stocks are
generally 5 letter stock symbols ending in F. If a client does trade a foreign stock ending in F, there will be
a $50 foreign stock charge per symbol per day. There will also be interest of 6 basis points annualized on these stocks
based on the total position dollar value.
* Trading non-DTC
eligible securities will incur additional
settlement fees including; a DTC PROC fee $75,
DTC TRF fee $80 and shipping fee $40 (when
necessary). There will also be a NYW fee and a
TRF AGENT fee, which will vary and may be
substantial.
* All clients of our firm in aggregate cannot trade
in excess of 10% of the previous 20 business day average trading volume of any stock on any day regardless of the stock's price. In addition, for
stocks trading below $1 per share, clients cannot ever trade more than 25% of the current day's trading volume. There also cannot at anytime ever
be more than 5,000,000 shares of any one stock settling during any 3 business day settlement period for our entire firm. If a client trades in
excess of these restrictions, then their accounts will be subject to fees and interest charges and possible buy in or sell out of the violating
position during the 3-day settlement period of those trades. There will be a $300 fee for any trade that is in violation of this policy. The
interest charges will then be assessed on an illiquidity requirement imposed on the clearing firm, which could be many times the value of the trade.
The interest rates charged to clients who violate these restrictions will be a minimum overnight rate of 15% of the illiquidity requirement. These
are only guideline amounts and lower trading volumes can also trigger illiquid charges, which will be passed through as well. Repeated violations
of this policy will result in the account being closed.
*
The fee information listed here is for
informational purposes only. These fees are
subject to change at anytime and those changes may
not be accurately reflected on this page.
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