Getting Started
York Securities has been in business since 1979, and is a member of the Financial Industry Regulatory Authority (FINRA). At York, you may partake in the trading of stocks and options in a cash or margin account, with low commissions and margin rates.
While you will be a customer of York Securities, all accounts will be carried at the clearing agent, Penson Financial Services, Inc. Penson Financial Services is a division of PENSON WORLDWIDE (NASDAQ symbol "PNSN"), and provides full-scale execution, clearing and business enhancement services for broker-dealers nationwide and abroad.
York Securities and Penson Financial are both members of the Securities Investor Protection Corporation (SIPC). The Securities Investor Protection Corporation ("SIPC") provides $500,000 of net equity protection, including $100,000 for claims for cash awaiting reinvestment ("SIPC coverage").
Penson Financial provides additional protection ("Excess SIPC") through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter). Account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments, and does not cover all assets.
For more information about Account Protection, vist the Help Desk.
Opening and funding an account is easy by following the steps outlined below:
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Step 2. Obtain a photocopy of one or more of the following documents, which in aggregate displays your name, address, photograph, and nationality:
- Passport or Visa
- National Identity Card
- Driver's License
- Utility Bill (gas, electric, telephone, etc)
- Other type of government issued identification displaying nationality, residence, and photograph.
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Step 3. (Optional) If you would like to transfer an existing account that contains $US dollars or securities that trade in the USA, download the Account Transfer Form {PDF,104KB}.
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Step 4. Mail the above documents to:
YORK SECURITIES
160 BROADWAY, FL 7E
NEW YORK NY 10038
USA
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After receiving the documents at our office, we will notify you by e-mail that account has been opened and assigned an account number. You will then be able to sign into your account online with the User Name and Password that was created when you submitted your electronic application.
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Step 5. After obtaining your account number you may deposit funds to your account by wire transfer or check. Payment for trades can only be accepted in U.S. funds, and we require these cleared funds to reside in your account prior to placing trades. For detailed information on how to deposit funds, click here.
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Thank you for considering York Securities. Please note that English is the only language spoken here. For more information on any and all aspects of your account see our Help Desk, e-mail us at info@yorksec.com, or call 212-349-9700.
Note: If you are a resident in one of the following countries, we cannot open an account: Afganistan, Australia, (The) Balkans, Canada, Cuba, Iran, Iraq, Liberia, Libya, Luxembourg, Malta, Montengro, Myanmar (Burma), North Korea, Serbia, Sierra Leone, Singapore, Sudan, Syria, (The Federal Republic of) Yugoslavia (Serbia and Montenegro), or Zimbabwe.
Adobe Acrobat Reader, version 7.0 or higher,is needed to download the above forms. If you do not have this software installed, you can download it for free from Adobe Systems.
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