Account Types

Corporate

Accounts must be registered in the same name of the corporation. Please include the Corporate Agreement form. Equities and Options trading are available.

Forms needed: Account Application, Corporate Agreement, Articles and Certificate of Incorporation, Copies of the ID’s for all officers

Limited Liability Corporation

This account is registered in the name of the Limited Liability Company as organized under applicable state laws. At least one individual must be granted full trading authorization. A Tax Identification Number is used, not an individual Social Security Number. Equities and Options trading are available.

Forms needed: Account Application, Limited Liability Company Authorization, Articles and/or Certificate of Incorporation, Copies of the ID’s for all officers

Partnership

This account is registered in the name of the Partnership and in the care of the General Partner(s) of a Partnership. At least one person must be granted full trading authorization. A Tax Identification Number must be used, not an individual Social Security Number. Equities and Options trading are available.

Forms needed: Account Application, Partnership Account Agreement, Partnership Documents, Copies of the ID’s for all partners

Margin equity requirements – Day trade margin account

All accounts, classified as pattern day trading margin accounts, must have a minimum of $25,000 each day to affect day trades. If account falls below the minimum equity level, a minimum equity call will be issued and is due the same business day. While the minimum equity call is outstanding, the account will be restricted to liquidating transactions only. A client may appreciate out of a minimum equity call.