Notice regarding check deposits
When you deposit funds by check, you acknowledge and give approval that we may, at our discretion and without further prior notice, utilize an electronic check process or Automated Clearing House (ACH) facility to draft funds in the amount of any of your checks payable to us, our agents or assigns. This means that your checking account may be debited on the same day that we receive your check and that a copy of your check will not be returned with your checking account statement.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This notice answers some questions about your firm's Customer Identification Program (CIP).
What types of information will I need to provide? When you open an account, your firm is required to collect information such as the following from you: your name, address, date of birth, Identification number (for US citizens, this identification number is your Social Security number or your employer identification number, and for non-US citizens, this identification number is your passport number, your alien-identification card number or government issued identification number). US Department of the Treasury, Securities and Exchange Commission, NASD, and New York Stock Exchange rules already require you to provide additional information, such as net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.
What happens if I don't provide the information requested or my identity can't be verified? Your firm may not be able to open an account or carry out transactions for you. If your firm has already opened an account for you, they may have to close it.
We thank you for your patience and hope that you will support the financial industry's efforts to deny access to America's financial system by terrorists and money launders.
Penson Financial Futures, Inc.
Penson correspondents can trade futures through Penson Financial Futures, Inc. if they are members of the NFA.
Penson Financial Futures, Inc. (PFFI) currently offers connectivity to the CBOT, CME and Montreal futures exchanges.
Penson Financial Futures is also watching for more futures contracts to go electronic. As new electronic contracts are made available, PFFI will look to add them to their product offering.
Business continuity plan
In our capacity as a clearing firm, we provide a variety of services to your broker including technological and operational support. To ensure business continuity in connection with the provision of such services, we have developed a disaster recovery plan (D/R). As an important part of our D/R plan, we have established a remote, independent site which has the capacity to operate and maintain critical business processes in the event we can not utilize our headquarters in Dallas, Texas for any reason. In addition, our D/R plan contemplates restoration of critical business processes within twenty-four hours of the shutdown of our headquarters. You may request a copy of our D/R plan by emailing amccutcheon@penson.com. Please note that our D/R plan is subject to change at any time at our discretion.
TurboTax for the Web
Download your account information directly into TurboTax. Instant Data Entry is available for import using both the desktop software and web version of TurboTax. If you executed more than 250 trades for the current tax year, you must use the desktop software version of TurboTax. To learn more about Instant Data entry, click the help section within TurboTax or visit http://www.quicken.com/cms/viewers/article/taxes/54338
Information pursuant to SEC Rule 606 (formerly 11Ac1-6)
Pursuant to SEC Rule 606, Penson Financial Services, Inc. is required to make publicly available a quarterly report with regard to its routing of non-directed orders. For the purpose of this Rule, we have entered into an agreement with Quantum5 Market Surveillance * Division of S3 Matching Technologies * to disclose all required information pertaining to this rule. ftp://public.s3.com/11ac1-6/pfsi
Important notice - Data availability
Historical trading data is available for trading dates back to June 1, 1997.
Email trade confirmations now available
We now offer email confirmations of trades. To request email confirmations and/or statements, simply update your profile under the Tools menu.
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