Account Fees

Common Fees	Cost
Broker Assisted Trades	FREE*
ACH - Incoming and Outgoing	FREE
Electronic Confirmation	FREE
Electronic Statement	FREE
Margin Interest	Contact Us
Paper Confirmation	$4
Paper Statement	$10
Forced Margin/Risk Sellout	$30 + Regular Commission
ACAT Outgoing – Non-ACAT Transfer	$75
Wire – Domestic	$30
Wire – International	$75
Option Exercise or Assignment	$30
Mandatory Reorg Corporate Actions	$25
Sub-Penny Position (per share per month)	$0.0000006
Inactivity Fee	$30 per quarter**
Stock Locate	As quoted on platform
Borrow – Overnight Short Position	Varies***

*Excessive broker assisted trades = $30 per trade
**If less than 15 trades per quarter.
*** Stock Borrow Fees:

• • The Stock Borrow Fee rate can vary dramatically throughout the day and does change from day to day.
  • The Stock Borrow Fee is typically known on settlement of the short side of the trade.
  • The Stock Borrow Fee continues until the buy side settles.
  • The clearing firm may pre-borrow shares at its discretion and pass the cost on to you.
  • Stock Borrow Fees are also assessed for weekends, holidays and during trading halts.
  • Stock Borrow Fees may extend beyond settlement of your trade.
  • Stock Borrow Fees, Fail to deliver fees, or any applicable fee, may be substantial.
  • Other fees may apply.

Stock Borrow Fees are Based on: the closing price of the stock rounded up to the next dollar multiplied by the number of shares borrowed rounded up to the next 100 share increment multiplied by the Stock Borrow Fee rate divided by 365.

For example. If short 150 shares of XYZ with a closing price of $32.01 and has a Stock Borrow Fee rate of 325%, the calculation for the Stock Borrow Fee per day is:

• • • • • For the calculation, the 150 share position is rounded up to 200 shares and the price is rounded up to $33 per share.
        • 200 shares * $33/share * 325% / 365 days = $58.77 / day

Uncommon Fees	Cost
Stop Payment	$30
Returned Check	$40
Returned ACH Item	$40
Postage and Handling	$4
Return Mail Postage and Handling Fee – Bad Address (Per Item)	$10
Transfer on Death Application Fee	$75
Transfer on Death Change / Revocation	$75
Transfer on Death Distribution of Assets	$300
Clearance or Transfer of Restricted Stock	$200
Physical Settlements	$200
Rejected Deposits DTC or Agent	$200
Free Deliveries DTC	$30
NY Window / Physical Delivery	$30
DWAC/DRS Transfer	$125
Foreign Non-Euroclear	$100
Worthless Securities	$20
Warrants	$25 Per Trade
Tender Offer Exchange	$25
Cash Dividend	$1.80
Stock Dividend	$13.75
Mandatory Corporate Actions	$75
Voluntary Corporate Action Handling	$90
DTCC Fees DTC-Fee-Schedule.pdf (dtcc.com)	At cost

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.