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Experience, Integrity, Value

General A-Z Help Topics


Below is an alphabetical list of information regarding the most common of the aspects of a your brokerage account. If you cannot find the answer to your question here, please contact us.


• Account Protection

York Securities, Inc. is a member of the Securities Investor Protection Corporation (SIPC). As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.

Accounts are carried by the clearing firm, Pershing, LLC, member SIPC. See information in table below for their SIPC and Excess SIPC coverage:
The Protection of Client Assets Remains at the Center of Our Focus

Pershing LLC (Pershing), a BNY Mellon company, has been a leading global provider of financial business solutions for over 75 years and serves many of the world's most respected financial organizations. We remain committed to the safekeeping, servicing, segregation and reporting of our global client assets.

Financial Strength- December 31, 2016
Pershing's core financial strength provides the first measure of protection for our global client assets. Our parent company, BNY Mellon, is a leading provider of financial services for institutions, corporations and high-net-worth individuals. While financial strength does not protect against loss due to market fluctuation, our internal controls and regulatory oversight help provide stability and focus.

Pershing, a BNY Mellon company
      • Approximately $1.5 trillion in global client assets*
      • Net capital of approximately $2 billion- well above the minimum requirement
*Pershing LLC and its global affiliates

BNY Mellon
      • $29.9 trillion in assets under custody and/or administration
      • $1.6 trillion in assets under management

Segregation and Control of Assets

Pershing's core financial strength provides the first measure of protection for our global client assets. Our parent company, BNY Mellon is the world's largest global custodian.4 While financial strength does not protect against loss due to market fluctuation, our internal controls and regulatory oversight help maintain our stability and focus. Pershing protects client assets through rigorous internal control measures. An annual audit by a major independent audit firm and the audit team at our parent company, BNY Mellon, helps to monitor controls that are in place. In addition, a Service Organizations Control report conducted by an independent audit firm provides additional evaluation of the design and operating effectiveness of Pershing's internal controls.

Clients' fully paid-for assets are segregated from our own, with quarterly vault inspections conducted. In addition, we segregate cash and/or qualifying securities in special reserve bank accounts for the exclusive benefit of clients, to protect clients' funds in the unlikely event of Pershing's failure and liquidation.

Pershing is a FINRA member broker-dealer registered with the U.S. Securities and Exchange Commission, in all 50 states as well as the District of Columbia and Commonwealth of Puerto Rico, and certain foreign jurisdictions.

Securities Investor Protection Corporation (SIPC®) Coverage Pershing is a member of the SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at sipc.org.

Excess of SIPC Coverage Through Underwriters at Lloyd's and Other Commercial Insurers

In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd's insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2018 for Pershing LLC accounts. It provides the following protection for Pershing LLC's global client assets:
      • An aggregate loss limit of $1 billion for eligible securities- over all client accounts
      • A per-client loss limit of $1.9 million for cash awaiting reinvestment- within the aggregate loss limit of $1 billion

SIPC and the excess of SIPC coverage do not protect against loss due to market fluctuation. An excess of SIPC claim would only arise if Pershing failed financially and client assets for covered accounts- as defined by SIPC- cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules.

Lloyd's currently holds an A+ rating from Standard & Poor's® (S&P®), an A rating from A.M. Best and an AA- rating from Fitch. These ratings are based on the financial strength of the company and are subject to change by the rating agencies at any time.1 For more information about Lloyd's, please see lloyds.com.

1 Ratings as of December 2016.


Information contained in above table was obtained from http://www.pershing.com/about/strength-and-stability, and is © 2017 Pershing LLC. All rights reserved. Pershing LLC is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). Pershing LLC, member FINRA, NYSE, SIPC. Trademarks belong to their respective owners.

About the SIPC:
The Securities Investor Protection Corporation (SIPC) is a non-profit organization established by the Congress of the United States to insure client accounts against the failure of member brokerage firms. You can obtain more information by visiting http://www.sipc.org.

Frequently Asked Questions:
Q: How is my customer's account protected with "excess SIPC" coverage?
A: Customer accounts are protected in the event that SIPC limits are exhausted. The additional insurance becomes effective after the implementation of SIPC coverage. The coverage is in place to protect the customer in the event of a theft, misplacement, destruction, burglary, embezzlement or abstraction of customer securities. It does not protect the customer from declining changes in market value.

Q: What triggers SIPC and "excess SIPC" coverage?
A: Three things must happen for SIPC and "excess SIPC" coverage to be triggered:
     • There is a financial failure and a liquidation of the carrying Broker Dealer
     • Securities/Cash are missing from an account
     • SIPC pays each client in accordance with their pro-rated share of the loss, up to $500,000 per account (of which $250,000 may be cash)

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• Account Transfer

Account Transfer (full or partial)

You must have an account open at York Securities before the transfer can take place. To transfer either an entire account, part of an account, cash, or securities from another financial institution, the recomended method is to fill out an Account Transfer Form {PDF}, and mail (or fax to 212-619-1593) to York for processing. (Make sure the account titles match and include a copy of your most recent statement from the firm from which you are transferring).

Notes:
- If you prefer to initiate an individual stock transfer on your own (push it to your York Securities account from another brokerage account), instruct the sending firm to deliver to: DTC # 0443, Pershing LLC, F.B.O. enter your name and and trading direct account number here.
- Note: Pink sheet, bulletin board, or grey market stocks bid less than $1.00 may not be accepted.  Contact us prior to initiating the transfer. Unregistered or restricted stocks are not accepted.
- If transferring from direct registration account at a transfer agent (typically used for a DRIP Program or Employee Stock Purchase Plan, etc), which uses the DRS or DWAC transfer method, stocks bid less than $0.10 per share are not accepted. Nor are bulletin board or pink sheet stocks. With this transfer method, there may be up to a 2-week hold before the stock may be sold.

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• ACH Transfer

Authorization to initiate entries into the Automated Clearing House (ACH) System

By completing the ACH Agreement {PDF}, this will serve as authorization for York Securities' clearing agent, Pershing LLC, to establish Electronic Transfer Instructions with your designated bank account. The electronic transfer options to establish your ACH Profile described below:

• Option A, Standing Instruction: Authorize a debit or credit to an account "On Demand". Clients will notify York Securities via phone or email, in order to transfer money to or from the pre-authorized bank account.

• Option B, Periodic Distributions: To remit either principal or income distributions (dividends and interest) to the bank account on a monthly, quarterly, or annual basis.

• Option C, Periodic Contributions: Make regular general deposits to your taxable account balance, or make deposits for automatic mutual fund purchases, or make regular tax year contributions to your IRA.

• Option D, Frequency: Specify time frame in this section only if Option B or C is chosen above.

• Option E, Amount: Specify dollar amount in this section, only if Option B or C is chosen above.

Important notes regarding ACH profiles & transfers, please read:
• Mail completed form(s) to York Securities. Limit 1 bank account per brokerage account. It takes approximately 3 business days to establish an ACH Profile with the designated financial institution.
• Initial Deposits: For new accounts, an initial deposit will NOT be accepted via ACH.
• If your account has little equity relative to the ACH deposit, it may take up to 5 business days before the money can be used.
• The maximum cumulative dollar amount per account for incoming deposits is $50,000 over five (5) business days.
• All ACH deposits are subject to review and may be held for up to 60 calendar days.
• The maximum cumulative dollar amount per account for outgoing withdrawals is $50,000 over five (5) business days.
• ACH Profile instructions may not be changed for 60 calendar days from the last change and/or addition.

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• Address Change

Address Change - Postal
Please fax or mail the address change form {PDF} in order to update your postal mailing address. (Address changes are prohibited without a client signature. For a joint account make sure both account holders sign.)

Please Note: If you are changing your MAILING address to a PO Box or "courtesy of", be sure to also reference your HOME street address in the letter. (Knowledge of each client's home address is required by industry regulations, but know that mail will not be sent there, it will be sent to the designated mailing address).

Fax to: 212-619-1593

or mail to:
YORK SECURITIES
160 BROADWAY
FL 7 EAST BLDG
NEW YORK NY 10038


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• Bonds

If you wish to purchase or sell a bond (or any other debt security), please call and speak to a broker at (800) 221-3154 or 212-349-9700.

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• Broker Assisted Trade

Call 800-221-3154 or 212-349-9700 to speak to a broker.

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• Check Request

See Withdrawing Funds.

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• Clearing Agent

Pershing, LLC, is the clearing firm for York Securities, Inc.

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• Confirmations

See Trade Confirmations.

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• Contact York Securities

See the Contact page.

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• Cost Basis Rule Implementation (effective 2011)

IRS regulations require Broker-Dealers to report cost basis on the Form 1099B for equities acquired after January 1, 2011. First In First Out (FIFO) is the default method, whereby lots with the earliest acquisition date are sold first.

If you choose not to use the FIFO method, and would like to designate a different method or specific lots purchased versus on a specific sale (known in the industry as a "versus purchase"), please email info@yorksec.com prior to settlement date.

Here is an example: Unless an alternative accounting method or lot selection is indicated at the time of order entry, the default accounting method of FIFO shall be used. In the above example, the sale on Feb 3rd would be matched against the first purchase made on Feb 1st at $25.

After the sale execution, if you decide to match the sale against the Feb 2nd purchase (instead of the default FIFO Feb 1st lot), you would need to indicate your updated lot selection by 12PM eastern time on settlement date Feb 5th, by emailing or calling York.

Note: Emails received after 12PM eastern time on settlment date will be attempted for processing on a best efforts basis.

If you have further questions, please email info@yorksec.com.

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• Credit Interest

A competitive rate of interest is earned on cash credit balances. See Interest Rates for details.

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• Debit Interest

See Margin Interest.

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• Debt Securities

See Bonds.

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• Depositing Funds

Deposits may be made via check, Federal Fund (Domestic) or International Bank Wire, or ACH Transfer.

CHECKS:
Please make the check payable to: Pershing, LLC.
Be sure to put your account number on the check in the "Memo" field.
Mail to:
YORK SECURITIES, INC
160 BROADWAY
EAST BUILDING, FLOOR 7
NEW YORK NY 10038
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DEPOSITING FEDERAL FUNDS WIRE:
To send a "Fed fund wire" (A wire transfer between two banks that are members of the United States Federal Reserve System) to York Securities, please provide the following instructions to your bank:

Bank: The Bank of New York
ABA Number: 021000018
Beneficiary: Pershing LLC
Beneficiary Account Number: 890-051238-5
Ultimate Beneficiary: (Client’s Brokerage Account Name)
Ultimate Beneficiary Account Number: (Client’s Brokerage Account Number; for instance, ABC-123456)

NOTES:
• If any of the above information is missing, there may be a delay in crediting the account or the funds may be returned
to the sender.
• When sending wires, account titles must match.
• If your bank requires the physical address of Pershing, LLC, in order to process the wire, it is: Pershing LLC, One Pershing Plaza, Jersey City NJ 07399, USA
• If your bank requires the physical address of Bank of New York, in order to process the wire, it is: Bank of New York Mellon, One Wall St, New York NY 10286, USA
• Wired funds (via Federal Fund or International Wire) are available to use immediately.
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DEPOSITING AN INTERNATIONAL (SWIFT) WIRE IN US DOLLARS ($USD):

To send an International Wire, please provide your bank with the following instructions:

Bank: The Bank of New York
Swift Code: IRVTUS3N
Beneficiary: Pershing LLC
Beneficiary Account Number: 890-051238-5
Ultimate Beneficiary: (Client’s Brokerage Account Name)
Ultimate Beneficiary Account Number: (Client’s Brokerage Account Number; for instance, ABC-123456)

Please be advised: Any international wire where the By Order (B/O) indicates a name that does not match that of the beneficiary account is considered a third party wire, and is therefore prohibited. When sending wires, account titles must match.
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ACH Transfers:

See the ACH Transfer section above for details.
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DEPOSIT NOTES / RESTRICTIONS:
We only accept deposits in US ($) dollars via checks and Fed Fund / international wires.
We cannot accept the following forms of deposit:
  • foreign currencies
  • credit or debit cards
  • bank cashier's checks for amounts under $10,000
  • money orders
  • third party checks (Usually a personal check, written on an account not belonging to the account holder or holders)
  • government issued tax-refund checks
  • checks from foreign banks with out a United States bank affiliation.

    The name on the York Securities account must appear on the check being deposited. Corporate checks may only be deposited to corporate accounts. When sending wires, account titles must match.

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    • Depositing Stock Certificate

    When depositing a physical paper certificate, the name(s) on the certificate is to match the account title. (If not, please contact us prior to mailing.)

    Instructions: Sign the back of the certificate, exactly as the name or names appear on the front. On the line between "Appoint" and "Attorney," write in "Pershing LLC". Write your account number on the top right.

    Restrictions: Deposits of stocks bid less than $0.10 per share are not accepted.  Deposits of bulletin board, pink sheet, or unregistered stocks are not accepted. There may be up to a 2-week hold after deposit, before the stock may be sold.

    Mailing Instructions: Certificates may be delivered directly to York's clearing agent at the address below. Use US Postal Service Registered/Certified mail, or a UPS/Fedex shipping option requiring a signature.

    Pershing LLC
    Attn: Securities Received Dept
    One Pershing Plaza, 7th Floor
    Jersey City NJ 07399

    For clients looking to electronically transfer stocks from another broker, transfer agent, drip program, employee stock purchase plan, etc, please see the "Account Transfer" section above.

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    • Dividend Reinvestment Plans (DRIPs)

    Cash dividends may be reinvested in additional shares without charge. Fractional shares are permissable.

    To register shares in the DRIP, simply send us an e-mail. Provide your full name, account number, and whether you would like to register your entire account, or just certain stocks.

    If or when you decide to sell your stock enrolled in a DRIP, any fractional shares will be automatically liquidated upon settlement date.

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    • DTC Transfer (incoming)

    This type of stock transfer between two brokers usually takes 1 business day. To transfer a stock into your York Securities account, you need to provide your other broker our DTC instructions:

    Deliver to DTC Clearing #0443, Pershing, LLC
    F.B.O. (Enter your Name(s) and York Securities account number here)

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    • DTC Transfer (outgoing)

    This type of stock transfer between two brokers usually takes 1 business day. To transfer a stock out of your York Securities account, you need to provide York Securities with your other broker's DTC instructions. All requests must be signed and faxed to (212) 619-1593. Be sure to include all pertinent information, including your signature.

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    • Duplicate Statements/Confirms

    These are sometimes required if you work for a bank, investment firm, or other financial service companies. Check with your supervisor or compliance officer to be sure.

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    • Electronic Documents

    See Paperless Statements & Reports.

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    • Email Address Change

    Login to your account. From the top navigation bar, go to Communications...Settings.

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    • Federal Fund Wire

    See Depositing Funds or Withdrawing Funds.

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    • Foreign Accounts

    See International Account.

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    • Funding an Account

    See Depositing Funds.

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    • Interest

    See either Credit Interest or Margin Interest.

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    • International Account

    For those who reside outside the USA, send an email to info@yorksec.com indicating which country you are from, to see if you can open an account with York Securities.

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    • International Wire

    See Depositing Funds or Withdrawing Funds. <

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    • IPO's

    The date, time and price of an IPO are subject to change. You may purchase shares in an IPO, once the shares open for pubic trading in the secondary market. On the day of the offering, York Securities encourages clients to place limit orders only. York Securities has the right to reject any market order. However, clients will be responsible for any orders placed. (Market orders could execute at a substantially higher opening price than the stock was priced at by the underwriters).

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    • Limited Trading Authorization

    Trading Authorization limited to purchases and sales of securities, options, and commodities. This form is required if anyone other than yourself or your joint partner will be placing trades in this account. Visit Forms page to obtain LTA form.

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    • Linking Accounts

    If you have multiple accounts, all the account numbers can be linked to one User Name and Password. Contact York Securities Customer Service.

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    • Margin House Call

    A margin house call will generally be issued if your account's percent of equity falls below 30%. (Most securities over $10 per share have a 30% maintenance requirement. Under $10 per share, the requirement is generally $3 per share).
    • The call is generally due in 5 days from when the call became effective. However, if the percent of equity falls below 25%, account positions may be closed out immediately to raise the equity over 30%.
    • The call may be met by depositing funds or securities, or by closing out positions.
    • Once the call is issued, it is possible that the value of the positions may increase (market appreciation), raising the percent of equity over 30%. However, the 30% level must be maintained on the 5th day after the call was issued, in order to satisfy the call by market appreciation.

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    • Margin Interest

    See the Pricing page for details.

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    • Margin Requirements

    General Margin Requirements for various types of securities

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    • Minimum to Open/Maintain An Account

    • There is a $500 initial minimum for a cash account.
    • There is a $2000 minimum equity requirement to initiate margin trading. The requirement may be met with cash or marginable securities. In a cash account the anticipated dollar amount of the purchase must be deposited before an order will be accepted.
    • If a withdrawal request is made that would bring the account equity below $500, it shall be considered an intention to close the account. Therefore all securities would need to be liquidated (or disposed of), or transferred, before the cash withdrawal request would be processed.

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    • Money Market

    See Credit Interest section above.

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    • Monthly Statements

    Monthly statements are generated for an account in each month there is activity. In lieu of activity, statements will generate quarterly. Activity is defined as a transaction (purchase or sale of a security).

    Please note, rather than have statements and confirms mailed, you may save or print your own. See Paperless Statements & Reports.

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    • Mutual Funds

    We offer access to thousands of mutual fund choices (load and no-load).

    Note that we do not issue prospectus'. The cut-off time to get an order in is usually 4PM eastern time, but each mutual fund company has their own specified cut-off time for an order to be accepted during the trading day and minimum investment amount. You must contact the individual fund company for specific information about their funds.

    Please see the Pricing page for mutual fund charges.

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    • New Account Choices

    Account Types Offered at York Securities
    • Individual
    • Joint
    • Custodial
    • IRA—Traditional, Roth, and Educational. (We do not offer 401K's or 403B's)
    • Investment Clubs / Partnerships
    • Trusts
    • Corporations
    • Foreign—Individual and Joint only. (No foreign corporations please)
    Please see the Forms page for specific account application forms.

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    • Non Transferrable Stock (deemed such by DTCC)

    Securities deemed non-transferrable by DTCC (Depository Trust and Clearing Corp), will be removed from your account.

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    • Online Security

    See the Online Security Page.

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    • Options Trading

    Unless specifically authorized for advanced options trading, York Securities permits buying call and put options and selling of covered calls. (Generally, selling a call to open for a stock in which you own at least 100 of the underlying shares). All purchases of options must be paid for in full prior to accepting an order.

    Option transactions may be either to "Open" or to "Close".

    Open—To open or create a new position. You may buy to open a long position or sell a covered call to open a covered call position (assuming you are long the underlying stock.)
    Close—To close out an existing position. You may sell to close out a long position or buy to close out a covered call (short) position.

    Note: At expiration, option positions which are in the money, will be automatically exercised (or assigned).

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    • Paperless Statements & Reports

    Instead of receiving documents (trade confirms, monthly statements, tax docs, reports, and other notifications) via postal mail, you may select to receive all or some of these materials electronically.

    To register, sign into your account, and click on "Go Paperless" at top right, or go to Accounts...Profile...Document Delivery.

    To access Paperless Statements & Reports, go to Communications...All Communications.

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    • Password

    See User Name & Password.

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    • Penny Stocks

    York Securities permits buying penny stocks or stocks under $1 per share. The trading of any penny stock entails risk but there are additional considerations if the stock trades on the Bulletin Board or Pink Sheets in the Over the Counter market. The stocks in these markets are not regulated by the same rules that govern an exchange or the NASDAQ National Market.

    Some of the additional considerations, if you choose to trade these securities, include but are not limited to the following:
    • The market makers do not have to reflect the best bid and offer by public customers.
    • There could be very wide spreads between the bid and offer.
    • Execution reports may have substantial delays.
    • The market may be illiquid.
    • The company may go bankrupt, and the entire investment may be lost.
    Note: York Securities reserves the right to reject any MARKET orders for stocks trading under $1.00 per share, pink sheet and bulletin board stocks. Please place LIMIT orders for these securities.
    There is a 1 million share limit per order.

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    • Power of Attorney

    See Limited Trading Authorization section above.

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    • Quotes

    Unlimited 20-Minute delayed quotes are available to all registered online users. Online customerss receive an initial quote bank 100 free real time stock quotes. This bank will increase by 100 after an executed trade. A real-time quote will also be displayed during the online order entry process.

    Telephone customers may obtain real time stock quote by calling York Securities.

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    • Real Time Quotes

    See Quotes.

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    • Register User Name

    See User Name & Password


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    • Rejected Orders

    The following are the most common reasons why an order would be rejected.
    1. NOT ENOUGH FUNDS
    2. FUNDS ARE NOT CLEARED
    3. BAD STOP ORDER
    4. DAY TRADING/CASH ACCOUNT
    5. EXCEEDING DAY-TRADING BUYING POWER/MARGIN ACCOUNT
    6. SHORT SELL: STOCK NOT AVAILABLE TO BORROW
    7. INVALID ORDER ENTRY FORMAT
    8. MARKET ORDER ON AN IPO, PENNY STOCK
    9. MARKET ORDER ON AN OPTION CONTRACT WHEN THE UNDERLYING STOCK IS NOT OPEN FOR TRADING
    10. MARKET ORDERS FOR STOCK RECEIVED AFTER 4:00PM, BEFORE 4:02PM-TRADING
    11. ACCOUNT IS RESTRICTED
    12. LACK OF MARGIN OR OPTION APPROVAL
    13. ATTEMPTING TO SELL FROM THE WRONG ACCOUNT TYPE (CASH OR MARGIN) OR INSUFFICIENT HOLDINGS.
    14. ATTEMPTING TO EDIT AN EXPIRED DAY ORDER.
    *York Securities reserves the right to reject any order at any time.

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    • Security of Account

    The entire Client portion (logged into an account) of the website is secure. Right click the mouse on any page, and click properties to view connection: TLS 1.2, AES with 256 bit encryption (High); ECDH with 256 bit exchange.

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    • Settlement Period

    The day an order is executed is the "Trade Date". The brokerage community requires a period of time to process the transaction. That period of time is the "Settlement Period." Stock trades settle in two business days (trade date plus two business days). Option trades settle the next business day. Mutual Funds have a settlement period ranging from 1 to 3 days, which depends on the particular mutual fund company. Please refer to the prospectus or contact the particular mutual fund company for information. In a cash account, money must be deposited before an order will be accepted.

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    • SIPC coverage

    See Account Protection.

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    • Software Compatibility

    York Securities is fully compatible with software from Quicken, TurboTax, and H&R Block.

    Software Notes:

    Intuit Quicken Deluxe (personal finance software).
    • When adding your brokerage account with in the software, the name of your broker is "NetXInvestor".
    • In the Quicken user id field, precede your user id with the letters "qyk". For example, client John Doe has a brokerage account user id of "johnnyd". He would therefore input "qykjohnnyd".

    1099 tax form data (capital gains/losses, dividends, interest, etc) may be electronically imported through tax software. Instructions for locating the import links, and how to import data within the tax software, are shown below.

    H&R Block (using Deluxe version or higher):
    • Location of 1099 Import Link:
    Top Navigation Tabs: Federal...Income
    Specific Pages: Interest Income, Dividends & Distributions, or Sale of Stock page.
    • Instructions for Importing Data:
    Click on Import 1099, or Import Assets. From the drop-down list, select "NetXInvestor (Pershing)". Follow on-screen instructions.

    TurboTax (using Premier version or higher):
    • Location of 1099 Import Link:
    Top Navigation Tabs: Federal Taxes...Wages & Income
    Specific Pages: Let Us Enter your 1099 or Investment Sale Info pages.
    • Instructions for Importing Data:
    From the drop-down list, select "NetXInvestor (Pershing)". Follow on-screen instructions.

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    • Site Map

    See Site Map page.

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    • Statements

    See Monthly Statements.

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    • Stock Certificates

    See Depositing Stock Certificates or Withdrawing Stock Certificates.

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    • Trade Confirmations

    Each transaction is confirmed to the customer in written form. Clients are postal mailed a confirmation letter ("Confirm") no later than the day after a trade is executed.

    Clients may verify a transaction four different ways:
    1. Instantly on the order status screen
    2. On the History screen
    3. In written form on the postal mailed "Confirm"
    4. A second time in written form on the monthly statement.
    Note: Confirmations and monthly statements will not be mailed if a client registers for Paperless Statments & Reports (Electronic Delivery).

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    • Transfer

    See Account Transfer.

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    • User Name & Password

    For customers who have already registered, contact York Customer Service for help with your User Name and or Password.

    For customers who have yet to register, from the Login screen, click on "Register Now", and follow on-screen instructions.


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    • Wiring Funds (To York Securities Account)

    Depositing Federal Funds Wire:

    To send a "Fed fund wire" (A wire transfer between two banks that are members of the United States Federal Reserve System) to York Securities. See Depositing Funds above for instructions.

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    • Wiring Funds (From York Account)

    See Withdrawing Funds below.

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    • Withdrawing Funds

    Cash withdrawals made via check request, or Federal Fund / International Wire.

    Note: Recent deposits may not be withdrawable for up to 60 calendar days.

    To request a check from your York Securities account, please send an e-mail to: info@yorksec.com. Be sure to include your name, account number and amount of the check.

    To request a Federal Fund Wire (or International Swift Wire) from your York Securities account, please fax a signed letter of instruction. Our fax number is (212) 619-1593.
    Contact your bank for their wiring instructions. The instructions should include:
  • The name and address of your bank.
  • A nine digit ABA routing number (or International Bank's SWIFT Code, along with their USA banking affiliate name and ABA number)
  • Your bank account number and exact title of the bank account.
  • A phone number at the bank.

  • Note: Third party wires are prohibited.

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    • Withdrawing Stock Certificates

    Physical stock certificates are no longer issued. As an alternative, a DRS transfer may be enacted. This will allow an account registration to be maintained directly with the company's transfer agent.

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     - York Securities, Inc. -