Broker Dealer - Registered Investment Advisors
 
 
     
 
 
 
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Commissions


Earn Frequent Trader Commission Bonuses
If you incur more than $ 1,000.00 in commission during a qualifying period*,  you will receive Frequent Trader Commission Bonus

If you incur more than $ 1,000.00 in commission during a qualifying period*,  you will receive Frequent Trader Commission Bonus

If during the qualifying period commissions exceed $1,000 but are less than $ 2,000 You'll get a 15% credit of the commissions in excess of $ 1,000
If during the qualifying period commissions exceed $ 2,000 You'll get a 20% credit of the commissions in excess of $ 1,000

Earn free trades
At the end of the qualifying period we will credit your commissions account with the bonus commissions earned.


Example:
If you have a bonus credit of $ 400 as a result of having incurred $ 3,000 in commissions during the previous qualifying period, all your trades the following period will be commission free until the $ 400 bonus credit is exhausted.   From this point on your commissions earned begin accumulating in order to provide you with additional bonus credits that you can use during the next qualifying period.


* Qualifying Period is defined by the dates between the beginning and the end of your monthly statement period


Equities

All NASDAQ / MKT Orders
(Less than 1000 Shares)

$ 7.99 per trade 

NASDAQ MKT Orders above 1001
$7.99

All Other Orders - NASDAQ limit, GTC, listed etc.color="#000000" face="Arial">

$7.99 per trade


Options

$8.99 Ticket plus $1.25 a contract
Option contracts start as low as $1.00 depending on the volume.


Bonds
Minimum Charge $35
Lots Less Than 100 Bonds
Units Price per Unit
$1,000 $5

In Lots of More than 100 Bonds Commissions are Negotiable
According to Size of Order, and Liquidity of Bond.

U.S. Government Zero Coupon Bonds used to implement
"Protective Hedging Strategies," are put in the account
Free of Commission. Please ask us for details.

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 Initial Order of 25 Checks. To reorder an $8 fee will be charged.
Visa Card
Free (annual fee apply - Classic $45 and Premier $75
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
This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2 million. This new additional insurance does not protect against a loss in the market value of securities.

How is my customer’s account protected with “excess SIPC” coverage?
Customer accounts are protected in the event that SIPC limits are exhausted. The additional insurance becomes effective after the implementation of SIPC coverage. The coverage is in place to protect the customer in the event of a theft, misplacement, destruction, burglary, embezzlement or abstraction of customer securities. It does not protect the customer from declining changes in market value.

What triggers SIPC and “excess SIPC” coverage?
Three things must happen for SIPC and “excess SIPC” coverage to be triggered:
•There is a financial failure and a liquidation of the carrying Broker Dealer
• Securities/Cash are missing from an account
• SIPC pays each client in accordance with their pro-rated share of the loss, up to $500,000 per account (of which $100,000 may be cash)

What is the amount of coverage that the London Underwriters provide?
This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2 million. A $600 million aggregate limit applies as well, which is the most that the London Underwriters will pay in the event of liquidation.

Are Money Markets held in the brokerage account considered securities and if so, are they protected under this policy?
The answer to both of the above questions is yes. Money Market Funds are held in the brokerage account as securities and are considered separate from cash held in an account.

Are assets purchased by customers through us, but held away, covered under this policy?
Assets purchased by brokers of your firm, but not held in the brokerage account or held by Ridge Clearing as your custodian, are not covered by this policy. Examples of this are mutual fund purchases held directly with the fund companies, or annuities held directly with the insurance carrier. For information about the security of these types of assets, please check directly with the carrier.



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: (305) 266-9120
Fax: (305) 442-2616


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).

 

 

 




 
  We'd like to hear from you. If you have any questions or would like to speak with a transition specialist directly please contact us at:
888-925-57830

 
 

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Securities offered through WallStreet*E, WallStreet*E Financial Services Inc., member of FINRA ( Financial Industry Regulatory Authority), S.I.P.C., SIFMA
All accounts carried by Ridge Clearing & Outsourcing Solutions, Inc., member NYSE / FINRA / SIPC / SIFMA © copyright 2008 All rights reserved