Service and Processing Fees
SERVICE FEES
| Description | Fee |
| ACAT Fees – Inbound | FREE |
| ACAT Fees – Outbound | $95.00 |
| ACH Transfers Funds | FREE |
| ACH Recalls / Reversals | $30.00 |
| ACH Returns | $30.00 |
| Certificate Fees | $50.00 |
| Certificate Safe Keeping Fee | $30.00/Quarter |
| Conversion Fees (changing ADR to ODR) | $25.00 |
| DTC Fees | $25.00 |
| Foreign securities-ACAT Fees | Variable |
| IRA Opening Fee | $20.00 |
| IRA Annual Fee (First year waived) | $35.00 |
| IRA Closing Fee | $95.00 |
| Limited Partnership (Annual Fee) | $50.00 |
| Minimum monthly commission, accounts under $15,000 | $25.00 |
| Options Exercise/Assignment Fee | $15.00 |
| Overnight Checks (Domestic) | $30.00 |
| Overnight Checks (International) | $50.00 |
| Paper Statement Delivery Fee (per mailing) | $5.00 |
| Paper Confirm Delivery Fee (per trade) | $2.00 |
| E-mail Statement and Confirm Delivery Fee | Free |
| Pre Pay Fees | $30.00 |
| Return Certificates | $25.00/Item |
| Saturday Delivery Checks | $30.00 |
| Stop Pay Fees (W/D) | $30.00 |
| Wire Fees (Domestic) | $20.00 |
| Wire Fees (International) | $50.00 |
| Wires Returned | $30.00 |
| OTCBB | $10.00 Per Trade |
| Phone Orders | $20.00 Per Trade |
SECURITIES PROCESSING FEES
| Description | Fee |
| ADR Hold Fee | FREE |
| DRS Statement Withdrawal | $30.00 |
| Certificate Processing Fee | $75.00 |
| DWAC and DRS Process Fee | $30.00+Transfer Agent Fees |
| ESOP Trades | $125.00 |
| “F Stock” (Foreign Securities listed on any exchange) |
$75.00 |
| Illiquid Charge | $250 (in addition to current illiquid interest charges)** |
| Non-DTC Eligible Securities | $75.00iii |
| Non DTCC-eligible security execution fee | $7.50 |
| Non DTCC-eligible security DTC fee | $80.00 |
| Non DTCC-eligible security Deposit fee | $75.00 |
| Non DTCC-eligible security New York Window fee | $34.00 |
| Non DTCC-eligible security Transfer Agent fees | Ranges from $25.00 – $500.00 |
| Reorganization Items (Subscriptions, Redemptions, Tenders, Exchanges and Conversions) | $20.00 |
| Replace Lost Cerificate | $20.00 + Transfer Agent Fees |
| Request of Certificate for DRS eligible issue | $350.00 |
| Research Fee | $25.00v |
| Restricted Stock Processing | $125.00i |
| RUSH Transfer Request | $575.00iv |
| Transfership request to mail to customer | $235.00ii |
| Transfer of Securities Requiring Legal Opinion Documents | $50.00 (Per issue) |
| Warrant Exercise | $125.00ii |
| Worthless Security Held | $7.50 / month / cusip |
| Worthless Security Reinstated | $15.00 / cusip |
i Represents the fee per cusip per deposit at the time of deposit plus all fees associated with clearing stock from client name to street name. This includes all transfer agent fees and UPS mailing fees to and from the transfer agent and DTCC. If the certificate is rejected for paperwork from the transfer agent or DTCC, the rejection fee will be charged to the client account along with any redeposit fees.
ii Additionally any wire transfer, stock processing, DWAC, UPS, or any other additional fees apply
iii Represents the fee per certificate required to satisfy a trade or to re-register from the other B/D to ETC name plus all costs from the transfer agent, DTCC NY window processing fee, and UPS to and from the transfer agent for each breakdown. The typical cost for a breakdown of shares can range from $25-$450 + depending on the number of certificates needed to satisfy the trade or number of certificates received from the other B/D.
iv Represents the fee per certificate withdrawal plus DTCC fees, UPS fees to customer, and transfer agent fees charged to ETC by DTCC.
v Charged when a request is made to status a certificate within 10 days from receipt of completed physical stock certificate. The 10 days starts from the date sent to DTCC or transfer agent.
**Sell transactions in OTCBB and Pink Sheet which are greater than 10% of the 20-day average daily volume for that security, result in charges from ETC of $250. Buy side transactions which are considered excessive in size could potentially incur this charge as well. Regarding F stocks, criteria is reversed so any buys which are greater than 10% of the 20-day average daily volume are subject to this fee as well as any sells considered excessive in size.