 |
|
|
Option
Commissions
|
Options
|
|
Less
than 2000 contracts per month
|
$15
a Ticket plus $1.25 a Contract
|
| More
than 2000 contracts per month |
$15
a Ticket plus $1.00 a Contract*
|
*Only Applicable
to WSE Retail Clients
Earn
Frequent Trader Commission Bonuses
|
| THE
MORE YOU TRADE THE MORE YOU SAVE !! |
|
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)
|
$9.99
per trade
|
NASDAQ
MKT Orders above 1001 |
$9.99
plus $.01 a share |
|
All Other Orders - NASDAQ limit, GTC, listed etc...
|
$9.99
per trade plus
$.01 a share |
. |
| 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
|
$0.00 |
|
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 ADP 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 ADP Clearing, a Division of Automatic Data Processsing, Inc.,
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, ADP 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: (305) 669-3026
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).
|
|
|
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