* There is also
regulatory fee of $0.0000174 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)
*
Any hard to borrow short locate fees will be passed onto the
client, these fees will vary.
* 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 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.
* 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.
