STANDARD DOMESTIC ACCOUNTS

INVESTMENT CLUB ACCOUNT

DESCRIPTION

An account in which a group of individuals opt to pool funds for investing purposes.

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
Investment Club Account Form
Copy of certification establishing Title of Investment Club
Copy of driver's license or passport for authorized member of the Investment Club

OPTIONAL FORMS

Margin Agreement
Options Agreement
Account Transfer 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
An individual's SSN cannot be used to identify the Investment Club. The Investment Club must have separate Tax Identification Number.