Brokerage Fees

ACH Recall/Reversal/Return $35.00
Bond Redemption $15.00
Cancel and Re-bill $20.00
Certificate Held in Safe Keeping at FSW $100.00 per year
Certificate Processing Fee/Deposit Fee (NYSE, NASDAQ)
Pink Sheet and Bulletin Board Stock not accepted
$75.00 per cusip, per deposit,
plus applicable fees [1]
Copy of Past Confirmation $5.00
Copy of Past Statement $5.00
Dividend Reinvestment Program No Fee
DRS Statement Withdrawal $30.00 [2]
DTC Non-Transferable Fee $15.00 per month
DTC Non-Transferable Securities Held $150.00 annually
DWAC and DRS Process Fee $75.00 plus transfer agent fees

Inactivity Fee

$50.00

Index Option Exchange Fees

Varies
Non-ACAT Eligible Securities – Full $75.00
Non-ACAT Eligible Securities – Partial $35.00
Non-DTCC Eligible Securities $100.00 plus pass thru fees[1]
NSCC Illiquid Securities Fee Varies
OCC Fees - Trades with Contracts of:
   0-1100 $0.05 per contract
   Greater than 1100 $55.00 per trade

Options Regulatory Fee (ORF)

$0.0219 per contract
Overnight Check Fee $20.00
Physical Certificate Held at DTC Delivery Fee $100.00

Physical Certificate Held at Hilltop Securities in Street Name or Client Name

$150.00 per year

Professional Data Fees

$125.00 per month
Reg T Extension $20.00
Reorganization – Mandatory No Fee
Reorganization – Voluntary $50.00
Retirement Accounts
Simple IRAs
   Simple IRA 5304 Annual Fee $45.00
   Simple IRA 5305 Annual Fee $100.00
   Simple IRA Setup Fee $100.00
Traditional, Roth, Rollover, SEP IRAs & Coverdell ESAs
   IRA Annual Fee $15.00
   IRA Setup Fee No Charge
   IRA Termination Fee $50.00
Profit Sharing
   Profit Sharing $100.00
Returned Check $40.00
Right or Warrant Exercise – Voluntary $50.00
Right or Warrant Exercise – Mandatory No Charge

SEC Transaction Fee

Varies

Short Stock Hard to Borrow Fee

Varies
Statements & Confirms
   Electronic Statements Free
   Electronic Confirms Free
   Paper Statements Free
   Paper Confirmations $1.00 per trade

Tenders

  Voluntary Per Position $50.00
  Mandatory No Fee

Trading Activity Fee (TAF)

  Stocks & ETF's $0.000119 per share
(max. $5.95 per trade)
  Options $0.002 per contract
  Covered Debt Securities $0.00075 per bond
(max. $0.75 per trade)
Transfer and Ship Request $550.00
Transfer Out - Full $60.00
Transfer Out - Partial $50.00
Wire Transfers
  Wire Transfer $35.00
  Recalled or Returned Wire $50.00

Important Note: Modifying a partially executed order, also known as a cancel/replace, is considered a new order and will incur a separate commission if the modified order is executed.

[1] Applicable fees include wire fees, rejection fees, and shipping fees, redeposit fees, transfer agent fees, DWAC fees, and agent fees.

[2] A DRS statement is sent only when a security is returned to the transfer agent to hold in book entry form.

Fees & Commissions effective as of
6/1/2018. All fees subject to change without notice.