STANDARD DOMESTIC ACCOUNTS

CORPORATE ACCOUNT

DESCRIPTION

An account opened in the name of an incorporated business and managed by its officers or authorized traders. 

CASH ACCOUNT

All securities in a cash account must be paid in full. 

MARGIN ACCOUNT

A margin account allows the investor to borrow money for investing purposes by using the account's existing equity as collateral.  A minimum of $2,000 and a signed Margin Agreement is required.

REQUIRED DOCUMENTS

New Account Form
Corporate Account Agreement
Certificate of Incorporation
Articles of Incorporation
Copy of driver's license or passport for each authorized officer of the Corporation

OPTIONAL FORMS

Margin Agreement
Options Agreement
Account Transfer Form
ACH Activation Form
PenFlex Application (checkwriting)

NOTES & RESTRICTIONS

Account holder(s) must be at least 18 years of age
Make all checks payable to Penson Financial Services
Must have at least 2 authorized officers; otherwise a Corporate Account Agreement stating the authorized signature as the Sole Officer must be completed