Trading Commissions, Fees ("Account Fees")

  
 

Some of Our Trading Platforms

  
   

Scottsdale Capital Advisors Trading Online and Direct Access

 

 
SCA SCHEDULE OF COMMISSIONS & FEES (1)            
             
Security Deposit Processing  & Transfers            
Cert Deposit & Processing Fee $300   Per certificate plus any Pass Through Fees (as defined in the footnotes) - Alpine charges $200. (2)      
DTC Transfer (Outgoing) greater of $695   Or 4.5% Subject to 4.5% CDC Fee described in footnote 2.      
DTC Transfer (Incoming) $200   Transfer may be subject to review and approval by Compliance Department.      
DWAC and DRS (Incoming) $200   Plus any Pass Through Fees from Transfer Agent, Clearing Firm, or other third parties.      
Transfer & Ship Delivery (Certificate-Out) $1,000   Per security position plus Pass Through Fees. (3)      
Journal Transfers (LOA) $195   Per side (sending account and receiving account). (4)      
Rush Fees $500   Rush fees may vary but start at $500.00 per event and up or can be billed $395 per hour.      
             
Commission Rates            
Base Equity Commission (Penson) 3.90%   Greater of commission rate or minimum ticket. Additional charges and conditions apply. See notes below. (5)      
Base Equity Commission (Alpine) 4.50%   Greater of comm. rate or Min. Ticket. Additional charges and conditions apply. See notes below. (5)      
Options Commissions 5.00%   Subject to options minimum ticket charge. Plus Miscellaneous (P&H) and all regulatory fees.      
Full Service Rates 5.00%   Rates can vary, contact your broker to discuss.      
Minimum Ticket (Equities and Bonds) $150   Minimum charge is greater of $150.00 per trade or $0.09 per share.
Minimum Ticket (Options) $150   Plus $6.00 per contract. Options subject to variable minimum charges. See notes below. (6)       
             
Trading Fees            
Miscellaneous Ticket Fee (P&H) $39   Per ticket. Amount may vary, contact your broker for further information. See notes below. (7)      
  Block Trading Fees 0.0005   Per Share. Applies to trades of 100,000 shares or more. See notes below for additional conditions. See notes below. (8)      
Discount Commissions     Discount commissions are negotiate. Contact your broker for further information. See notes below. (9)      
Bond Redemption $50   Per item      
             
Money Movement            
Check Request $20          
Domestic Wires $75          
ACH Requests $75          
Foreign Wires $495   Subject to additional fees for international accounts      
Returned Check  $75          
Overnight Delivery $75   Or at cost (whichever is greater).      
             
Account Administration and Other            
Annual Account Maintenance $50   Per account per year may be charged      
  Account Minimum Fee $100   Annually for accounts (aggregate) with less $500.00 cash balance or $5000.00 in assets. Waivable in SCA's sole discretion.      
Account Statements $4   Per month or quarterly, as applicable.      
Account Closure Fee $20          
Account Transfer Out (ACAT) $200   Plus any Pass-Through fees - Alpine $75.      
Copies of Prior Statements $190   Per hour.      
Blue Sheet Request     $150   Per request for each symbol and affected account.      
  Regulatory Requests, Subpoenas, Levies $150   Per request. Requests requiring additional research or legal/compliance review billed at $150.00 - $395.00 per hour.      
Pre pay request  $200   Plus interest on the amount the amount of principal prepaid greater of 1% flat or 18% per annum.      
Tenders $50   Per position.      
Foreign Security Safekeeping      $100   Per position, charged quarterly.      
Margin Extensions $100.0   Per request plus margin interest       
             
Options            
Options Exercise/Assign. $50   Per contract plus applicable % commission.      
Concentrated Positions 2.0%   Concentrated positions on margin subject to an additional 2% of margin balance fee.      
             
Accounts and IRAs              
IRA Set Up $50          
IRA Annual Fees $50          
IRA Account Closing $150          
             
Special or Rush Services --   May vary and subject to hourly or minimum rates as described in the note below. (10)      
             
FOOTNOTES:            
[1] THE FEES HEREIN ARE SUBJECT TO CHANGE AT ANY TIME FOR ANY REASON. OTHER FEES NOT LISTED ABOVE MAY APPLY TO YOUR ACCOUNT. CONTACT YOUR BROKER FOR ADDITIONAL INFORMATION.  ALL ACCOUNTS AGREE TO INDEMNIFY AND HOLD HARMLESS SCA, ITS OFFICERS, DIRECTORS, AFFILIATES AND ASSOCIATED PERSONS FROM ANY LOSSES AND COSTS INCURRED AS A RESULT ANY ACTIVITY OR TRANSAC TION IN THE ACCOUNT. ANY COST OR FEES INCURRED BY SCA RESULTING FROM ANY ACTIVITY IN THE ACCOUNT WILL BE CHARGED TO THE ACCOUNT HOLDER AND ARE THE SOLE RESPONSIBIITY OF THE ACCOUNT HOLDER. 

"Pass Through Fees" fees may apply to any transactions and can vary.  Pass Through Fees can be substantial, may change without notice and be passed on to you even if not specified in this Fee Schedule.  Pass Through Fees include, without limitation, fees charged by DTC, NSCC, CNS, clearing firms, transfer agents, freight carriers, etc. They may also include special charges for any fund amounts required to clear transactions or calls related to selling or handling your securities. Any SCA moneys used to cover Pass-Through charges associated with the clearance, transfer, trading or handling of your account or securities in any manner are billed at the greater of the cost of funds plus 25% or 18% per annum in addition. Clearing low priced stocks or trading large blocks of stock is expensive and SCA does not always know the cost or related Pass Through Fees; therefore we require  $1,000.00 per certificate with certificate(s) delivered.  Certificates mailed to SCA without $1,000.00 per certificate can be mailed back to address of record. 		      
[2] Alpine may fee may increase from $200 to $1,000 for Non-Transferable (Non-DTC) securities.  Inquire with your broker to determine with the Non-DTC fee applies. Deposits requiring additional legal review subject to additional charge at a rate of $150.00 to $395.00 per hour.  Outside counsel will be at the rates charged by such counsel.  If certificate has a restrictive legend, additional Pass-Through charges may apply.  All security deposits (physical certificate or DWAC) are subject to contingent deferred charge of 4.5% of the total value ("CDC Fee") in the event securities are not sold through SCA.  CDC Fee not applicable only if client requests cert-out (physical certificate or reverse DWAC to transfer agent).  All Transfer & Ship fees apply in this case.  See 'Stock Transfers' for further information. Certificate-Out fees apply for deposits not accepted by SCA compliance.      
[3] If certificate has cleared legal transfer through DTC, then additional third party costs from DTC, clearing firm, and transfer agent may apply.  These additional Pass-Through costs can range between $600.00 and $2,500.00 per security.  If the certificate has not cleared legal transfer, the clearing firms may still charge processing and shipping fees - e.g., Alpine clearing charges between $50.00 to $100.00.      
[4] LOA is a letter of authorization for move securities from one account to another or some other type of special instructions to move assets.      
[5] Commission charged will be the greater of the commission rate or minimum ticket fee.  All trades subject to large block, miscellaneous ticket fees, exchange fees (NYSE, ARCA, etc), ECN fees  and regulatory fees (FINRA, SEC, etc.), as applicable.  For purchases, account must have cleared funds to cover purchase amount. When selling, stock position must be registered in DTC and cleared for trading in the account.      
[6] Options minimum ticket is $150.00 plus $6.00 per contract unless otherwise pre-negotiated.  Index options are subject to $300.00 minimum unless otherwise negotiated.  Stocks less than $5 per share or securities not listed on NASDAQ or NYSE, the greater of $150.00, 5%, or the stated minimum above plus any other blocks, trading fees, miscellaneous fees etc.      
[7] Additional postage fees of $4 per confirm or statement may apply unless client elects to receive electronic confirms and statements.       
[8] Block orders (100,000 shares or more) subject to block fees of $.0005 per share (capped at 1.5% of the principal) in addition to all commissions, trading fees, ECN fees, miscellaneous fees and regulatory fees.  Shares less than $.15 cents per share subject to an additional $.00001 per share per execution.  Block fees at Alpine Clearing may be a flat 1.5% on principal.      
[9] Discounts may be available for certain accounts, including active traders using online or special handling; institutional and money managers, and frequent penny stock depositors. Online/active trading discounts not applicable for OTC securities (i.e., stocks not listed exchange or NASDAQ). SCA reserves the right to cancel these discounts should market conditions or business changes. Broker assisted trades are excluded.      
[10] Rush fees may be additional. Time spent on special items subject to following schedule: clerical support - $200.00 per hour; and technical and legal - $395.00 per hour and up.  Expedited fees for certain items are an additional $200.00 to $300.00 per request.  For expedited processing of stock deposits the fee is the greater of $500.00 or $395.00 per hour.       
             
             
EFFECTIVE DATE: NOVEMBER 15, 2011            

 

 Read Before Investing