STANDARD DOMESTIC ACCOUNTS

LIMITED LIABILITY COMPANY (LLC)

DESCRIPTION

An account established in the name of a Limited Liability Company organized under their applicable state laws and managed by the LLC's officer 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
Limited Liability Agreement
State Certification
Copy of driver's license or passport for authorized member or manager for the LLC

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