| Schedule
of Miscellaneous Fees |
|
Money
Market Sweep
|
Free |
|
IRA
Annual Fee
|
$30.00 |
|
IRA
Termination
|
$60.00 |
|
Regular
Account Setup
|
Free |
|
Accommodation
Transfer
(if excessive) and for inactive accounts
|
$50.00 |
|
Domestic
Money Wire Transfer (outgoing)
|
$50.00 |
|
Foreign
Money Wire Transfer (outgoing)
|
$55.00 |
|
Incoming
Wire Transfer
|
Free |
|
Overnight
Check Request
|
$25.00 |
|
Check
Request Reg. Mail
|
Free |
|
ACAT
Transfers Out
|
$150.00 |
|
DTC
Transfers
|
$50.00 |
|
Closing
of Account
|
$50.00 |
|
Fed
Call Extensions
|
$20.00 |
|
Buy-in/Sell-out
Notice
|
$20.00 |
|
D.K.
Charges
|
Interest
Only |
|
Late
Payment in Cash Only
|
Interest
Only |
|
Yearly
Inactivity Fee
|
$100.00 |
|
Service
Charge/Handling/ Postage
|
Pending
Electronic Confirmations |
|
Cancel/Corrects
|
$20.00 |
|
Options
Exercise & Assignment
|
$25.00 |
|
Request
for non-current Statements
|
$15.00 |
|
Current
Margin Interest
|
Varies
daily according to published Broker Call Rate |
|
Free
Credit Balances
|
Varies
daily according to Money Market Rate |
|
Checkbook
|
Free |
|
Visa
Gold Card/Checking ($10,000 min.)
|
$100.00
annual fee |
|
Returned
Checks
|
$25.00 |
|
Stop
Payment Requests
|
$25.00 |
|
Certificate
Issuance
|
$25.00 |
|
"Double
Ticket Charge" for missing documents
|
$20.00
/ trade |
|
Legal
Transfers-Restricted Securities
|
$150.00 |
|
Legal
Transfers-Standard
|
$150.00 |
|
Miscellaneous
Services Rendered
|
Varied |
|
Stock
Certificate Handling Fee
|
$25.00 |
|
Cash
/ Margin Call Letters
|
$5.00 |
|
Physical
DVP
|
$15.00 |
|
Extensions
|
$25.00 |
|
Voluntary
Reorganization Transfer
|
$25.00 |
|
Post
Actionable Reorganization
|
$50.00 |
|
Transaction
on Restricted Account
|
$20.00
/ trade |
|
|
| Money
Market Funds and Credit Interest |
|
We provide
an automated sweep to the Federated Money Market Fund
of your choice. Currently there are four primary funds
available, including tax free municipal portfolios.
For non U.S. citizens and non U.S. residents there is
an offshore money market fund. All balances are swept
daily. Customers not electing to invest in Federated
Money Market Funds will be credited the competitive
rates U.S. Clearing pays less 150 basis points. To obtain
higher rates on cash balances please ask us about the
range of cash management services that include Treasury
Bills, Commercial Paper, Primary and Secondary CD's
as well as other strategies of varying degrees of risk.
|
|
|
| Excess
SIPC Coverage to $25,000,000.00 |
|
All
positions and funds in the accounts of our clients are
held in custody by U.S. Clearing a division of Fleet
Securities Inc, a FleetBoston Company. FleetBoston Financial,
with more than $200 billion in assets, is one of the
largest financial services firms in the United States.
In addition to the $500,000 protection ($100,000 for
cash and $400,000 for securities) provided by the Securities
Investors Protection Corporation, U.S. Clearing will
provide additional protection through Travelers Casualty
and Surety Company of America for the total equity in
your account.
|
|
|
| Margin
Lending Rates |
|
Margin Lending Rates vary based
on the current Federal Reserve Broker Call Rate. Rates
also vary depending on the size and the volume of the
account. Please consult us for current rates and further
details.
E-mail:newaccounts@wallstreete.com
Toll Free: 1-888-WALL-STE (1-888-925-5783)
Telephone: (888)-925-5783 or (305)-266-9120
Fax: (305)661-7402
|
|
|
| Other
Charges |
|
If a charge
for a particular service we perform on your behalf is
not covered in this schedule it will be negotiated as
it occurs.
For stock orders placed through a live representative
there is a $ 20 surcharge. For options orders placed
through a live representative there is a $ 20 surcharge
plus $ 1/contract.
If you are a client of WSE through one of its Independent
Brokers/RIA's please be advised that the above stated
commissions may differ according to the arrangement
you may have with your broker. Please contact your Broker/RIA
for additional information.
The Schedule of Miscellaneous Fees (wires, closing account,
ACAT etc.) applies to all clients of WSE as well as
clients of independent Brokers/RIA's of WSE.
For Commissions on Mutual Funds, Government agencies,
Money markets, Precious metals, Mortgage Backed W/I,
UITs, etc. please call 1-888-WALL ST.E (925-5783).
|
|
|
