Open Account Procedure

 
Individual Account:

 Individual accounts are opened under one person's name only. Only this individual is authorized to access the account, unless the account owner filled and signed the Trading Authorization Form for a designated person.
 

Domestic Account:

  1. Complete a new account application
  2. Fill out a W-9 form
  3. Provide a valid driver license copy or state ID copy
  4. Customer Identification Program Public Notice(C.I.P.s) need to be signed.
Joint Account:

An account in which two or more individuals possess some form of control over the account and may transact business in the account. The account must be designated as either tenants in common or joint tenants with right of survivorship.

 

Joint,Domestic Account:

  1. Complete a new account application
  2. Fill out a W-9 form of each joint tenant
  3. Complete a joint account agreement
  4. Provide a valid driver license copy or state ID copy of each joint tenant
  5. Customer Identification Program Public Notice(C.I.P.s) need to be signed.
Custodial Account:

An account in which a custodian enters trades on behalf of the beneficial owner, often a minor. The account, while held with an adult as custodian, is in the child's name, and registered under the child's social security number.

  1. Complete a new account application
  2. Fill out a W-9 form with the child's social security number
  3. Provide a valid driver license copy or state ID copy of legal custody
  4. Customer Identification Program Public Notice(C.I.P.s) need to be signed.
Corporate Account:

An account held in a corporation's name. The corporate agreement, signed when the account is opened, specifies which officers are authorized to trade in the account.

  1. Complete a new account application
  2. Fill out a W-9 form for domestic account, W-8BEN for foreign account
  3. Provide a driver license copy or passport copy of each participant
  4. Provide a corporate resolution
  5. Provide a copy of the legal documents such as business license, article of incorporation, by law, statement by domestic stock corporation and minutes etc.
  6. Customer Identification Program Public Notice(C.I.P.s) need to be signed.
IRA Account:

A retirement investing tool for employed individuals that allows an annul contribution of 100 percent of earned income up to a maximum of $3,000 *. Some or all of the contribution may be deductible from current taxes, depending on the individual's adjusted gross income and coverage by employer-sponsored qualified retirement plans.

  1. Complete a new account application
  2. Fill out a W-9 form
  3. Provide a valid driver license copy or state ID
  4. Complete IRA adoption agreement and contribution authorization (when presented with check for deposit).
  5. Customer Identification Program Public Notice(C.I.P.s) need to be signed.

 

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