|Photocopy of Check||17|
|Returned ACH Item||40|
|Pre-payment (before settlement)||$50 + interest|
|Forced Margin Sellout||$20 + Regular Commission|
|ACAT Outgoing – Non-ACAT Transfer||75|
|Wire – Domestic||25|
|Wire – International||75|
|Wire – Pre-payment (before settlement)||$50 + interest|
|Overnight – Domestic||25|
|Overnight – International||60|
|New Zealand and Australia||65|
|Individual Retirement Accounts (IRA)|
|IRA Annual Custodial Fee||75|
|IRA Transfers (including transfer of Roth to Traditional IRA)||55|
|IRA Transfers (ACAT)||75|
|IRA Asset Review||300|
|IRA Limited Partnerships||45|
|IRA Termination Fee||75|
|Private Asset Review||300|
|Safekeeping / Reconciliation||75|
|Safekeeping – Foreign||As Incurred|
|Postage and Handling|
|Postage and Handling * (charged to customer- cannot be more than $30)||3.5|
|Return Mail Postage and Handling Fee – Bad Address (Per Item)||10|
|Transfer on Death Registration (per account)|
|Change / Revocation||75|
|Distribution of Assets from COR||300|
|Clearance or Transfer of Restricted Stock||200|
|Physical Security Processing|
|Physical Certificate Deposit Fee||75|
|Transfer In and Out / Physical Certificate||200|
|Physical Certificate Request||600|
|Physical Certificate Request (Penny Stock) DTC||850|
|Physical Certifcate Request (Other) DTC||850|
|Rush Withdrawal DTC||250|
|Low Priced security deposit and review (non-listed, non-NMS)||1200|
|Penny Stock Re-registration with Agent (Domestic)||350|
|Penny Stock Re-registration with Agent (Canadian)||850|
|Rejected Deposits DTC or Agent||200|
|Free Deliveries DTC||30|
|NY Window / Physical Delivery||30|
|Warrants||$25 Per Trade|
|Tender Offer Exchange||25|
|Option exercise or assignment||30|
|Rep Assisted Trade||30|
Trading on margin gives you extra buying power to get into the positions you want. If you need leverage, we can offer discounts on margin interest rates based on your margin debit balance.
Please contact us for the most current rates.
A $30.00 inactivity fee per quarter will be charged unless 15 trades per calendar quarter are executed.
US and Foreign accounts can liquidate their account in its entirety and/or transfer (ACAT) to another broker/dealer to avoid inactivity fees fee.
To avoid postage, a $4.00 per paper confirmation, and $10.00 paper statement fee we encourage clients to sign up for electronic document delivery.
There is also Section 31 regulatory fee of $0.00002180 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 February 10,2016)
There is a FINRA TAF fee $0.000119 per share of securities sold with a maximum of $5.95 per trade and $0.002 per contract for each sale of an option.
This fee is assessed for all SELL orders and is added to any total commissions charged.
Any hard to borrow short locate fees will be passed onto the client, these fees will vary.
Certificate and DWAC 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 foreign stock charge, as incurred 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 Physical Trade fee of $150 and a shipping fee $40 (when necessary). There may also be a NYW fee and a TRF AGENT fee, which will vary and may be substantial.
Illiquid Securities Policy – 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. This is only a partial list of additional fees.