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Ancillary Fees
| Service | Fee | Recurrence | Definition |
| Account Transfer Out | $60.00 | Per Account Transferred | Accounts that are transferred to another financial institution. Note: The Low Priced Security Good Faith Deposit (see below for details) still applies for stocks returned from contra broker. |
| Account Transfer Out- Partial | $20.00 | Per Transferred Security, Per Broker | Accounts that transfer part of their portfolio to another financial institution. |
| DRS Transfer- Rejection | $75.00 | Per Rejected Transfer Request | The Transfer Agent rejects your DRS stock transfer request because of an invalid account number, share amount, etc. |
| DRS Transfer- Out | $95.00 | Per Stock | Instead of requesting a stock certificate, this type of transfer will allow you to maintain an account registration directly with the transfer agent. |
| DTC Transfer- Out | $20.00 | Per Stock | "Broker to broker" transfer of stock over the DTC system. |
| DWAC Transfer- (In & Out) | $50.00 | Per Stock | A type of electronic stock transfer. |
| Stock Certificate Deposit (under $1) | $50.00 | Per Certificate | A fee of $50 will be charged for deposits of certificates for stocks trading under $1 per share. |
| Safe Keeping Certificate Deposit | $50 | Per Certificate | Depositing a non-negotiable stock certificate to your account, stored in a physical safe at the clearing agent, Penson Financial Services, until negotiable. |
| Safe Keeping Certificate Storage | $2 | Per Certificate, Per Month | Holding a non-negotiable stock certificate to your account, stored in a physical safe at the clearing agent, Penson Financial Services, until negotiable. |
| Voluntary Reorganizations | $30.00 | Per Security Issue | Reorganizations such as tender offers, whereby a customer may elect to participate. |
| Stop Payment of a Check | $30.00 | Per Check Stopped | Placing a "stop payment" on a check written off the balance of your brokerage account. |
| Wire Transfers - Domestic | $30.00 | Per Transfer | Transfer of funds to another financial institution via Federal Wire System. |
| Wire Transfers - Foreign | $50.00 | Per Transfer | Transfer of funds to another foreign financial institution via SWIFT Wire System. |
| Overnight Courier | $30.00 | Per Occurrence | Usage of overnight courier, DHL or UPS (for check withdrawals only). |
| Returned Checks / ACH | $35.00 | Per Occurrence | Checks deposited, or ACH items, which are rejected for insufficient funds, etc. |
| T-Call or Extension Mailgram | $25.00 | Per Event | Fee charged for inadequate cash position. |
| House Call / Sell Out / Buy In Mailgram | $15.00 | Per Event | Margin Notices. |
| Uneconomical Sale Processing | $19.95 | Per Stock | Fee charged on the sale of a stock where the proceeds do not meet the commission charge. This includes DTCC worthless security disposition and penny-for-lot transactions. |
| Low Priced Security Good Faith Deposit | $19.95 | Per Security | A $19.95 good faith deposit is required to be maintained in an account for each position with little or no value (This is not a fee charged up front, rather it is money set aside in an account, which could be used to pay for a future commission charge or uneconomical sale processing). |
| IRA Termination | $75.00 | Per Account | The closing or transfer of a retirement plan. |
| IRA Maintenance | $50.00 | Per IRA | Fee charged annually in December. Waived if one trade (purchase or sale of a security) is made during the one-year period ending December 31st. |
| Paper Trade Confirmation Charges * | $1.00 | Per Confirm | *Waived if you elect to receive confirms electronically. |
| Paper Monthly Statement Charge* | $1.50 | Monthly Statement | *Waived if you elect to receive statements electronically. |
| Regulation S GDR/ADR Depositary Service Charge | $.02 - $.05 per share | Annually | Annual Fee which may be charged by a transfer agent, and subsequently passed along at cost to holders of Regulations S Global Depositary Receipts (GDRs/ADRs). |
| Regulation S GDR/ADR Agency Processing Fee | typically $.01 - $.03 | Per Share | Fee which may be charged by a transfer agent in conjunction with a dividend/distribution pay-out, and subsequently passed along at cost to holders of Regulations S Global Depositary Receipts (GDRs/ADRs) as of record date. |
| Returned Mail | $3.00 | Per Piece of Mail | Fee charged to those whose mail is returned to Trading Direct because he/she did not update postal mailing address (Returned mail will not be forwarded). |
| Duplicate copy of Monthly Statement or 1099 | $5 | Per Statement | A duplicate copy of a monthly statement is $5 for each month requested. |
| FINRA per trade fee | $.00009/share (with a maximum of $4.50) | Per Trade | Regulatory fee passed along from FINRA. |
| Worthless/non-transferrable security holding fee | $7.50 | Per Month | In conjunction with fees being imposed at Depository Trust & Clearing Corp (DTCC), there will be a $7.50 monthly charge for each security held in your account deemed worthless/non-transferrable. (Submit the DTCC Disposition Form to avoid charges). |
| Short Sale Interest (stock borrow) fee | varies | Per Short Position | See Interest Rates page for details. |
| Inactive Accounts | $60.00 | Per Account | Fee charged annually based on the one year period ending June 15. (See below for exemptions)… |
Inactivity Exemptions:
You are exempt from the annual inactive fee if you meet the following conditions:
- A trade took place in the account between June 16, 2011 and June 15, 2012(inclusive).
- Assets equal zero (assets are defined as market value plus money market plus cash plus margin balance).
- The average margin balance for the past month is $2,500.00 or more.
- The average cash credit balance for the past month is $5,000.00 or more.
- It is a Valet account.
- It is a Householding account and the aggregate of the householding accounts meets the balance requirements of either a $2,500.00 margin debit or $5,000.00 cash credit balance.
- It a Trust account.
- It is a Retirement (Pension or IRA) account.
- The account was opened on or after June 16, 2011.
- The account is currently in the ACAT process.
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