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
• 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 custodied by the clearing firm, Axos Clearing, LLC, member SIPC.
What kind of SIPC and Excess SIPC coverage does Axos Clearing offer for client accounts?
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Safeguarding Client Assets and Information with Axos Clearing
Doing business with a trusted partner is the first step in any successful relationship. Your information is guarded and protected. Axos Clearing maintains physical, electronic and procedural safeguards in accordance with legal standards and established security procedures.
Axos Clearing is a member of the Securities Investor Protection Corporation (SIPC), and provides account protection up to $100 million for correspondent customer assets held by Axos Clearing. The first $500,000 of coverage (including up to $250,000 for cash balances) per client is provided by SIPC as defined by SIPC Rules (www.sipc.org). Axos Clearing's policy with Lloyd's of London (www.lloyds.com) provides additional "excess SIPC" account coverage up to $99.5 million.
With the combination of SIPC coverage and Lloyd's of London insurance, accounts held by Axos Clearing are protected up to a total of $100 million per client, including up to $1.15 million for cash balances with an aggregate limit of $100 million.
Account protection coverage applies when an SIPC member firm fails financially and is unable to meet its obligations to securities clients. It does not protect against losses from the rise and fall in the market value of investments, and it does not cover all assets.
For more information visit www.sipc.org or www.lloyds.com.
Information contained in this table was obtained from https://www.axosclearing.com/safeguarding-client-assets-and-information/, and is © 2019 Axos Clearing LLC. All rights reserved. Axos Clearing LLC is a wholly owned subsidiary of Axos Financial Inc.
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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, Axos Clearing LLC, to establish Electronic Transfer Instructions with your designated bank account.
Important notes regarding ACH profiles & transfers::
• Limit 1 bank account per brokerage account. It will take approximately 3-5 business days to establish an ACH Profile with the designated financial institution, upon which York will send an e-mail notification or call..
• Mail completed form along with a voided check (in lieu of a voided check, a signed letter on bank letter head, signed by a bank employee, acknowledging the account, will also suffice) to:
YORK SECURITIES
160 BROADWAY
EAST BLDG, FL 9
NEW YORK NY 10038
• Initial deposits for new accounts will NOT be accepted via ACH.
• If your account has little equity relative to the ACH deposit, it may take up to 7 business days before the money can be used.
• The maximum cumulative dollar amount per account for incoming deposits may be limited to $100,000 over five (5) business days, depending on the level of equity in the brokerage account.
• All ACH deposits are subject to review and can be held for up to 60 calendar days.
• The maximum cumulative dollar amount per account for outgoing withdrawals may be limited to $100,000 over five (5) business days, depending on the level of equity in the brokerage account.
• Bank accounts designated for use with ACH profiles, may be prevented from being changed for up to 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
EAST BLDG STE 915
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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• Cash Account Trading Rules
Within a brokerage account, securities transactions are segregated by account type for regulatory and accounting purposes. Prior to placing an order in a cash account (type 1), the investor is expected to be able to pay for the transaction in full.
Using Unsettled Funds:
Upon the sale of a stock, it takes 2 business days for the funds from that sale to settle (with options it is 1 business day). Prior to the settlement of that sale, an investor may use the proceeds to purchase another security, provided that the new security purchased is not sold prior to the previous sale settling.
Unsettled Funds Examples:
Example A
1. Starting settled cash balance is $1000
2. May 1: Buy XYZ for $1000
3. May 2: Sell XYZ for $1000 (trade settles May 4)
4. May 4 10AM: Buy ABC for $1000
5. May 4 2PM: Sell ABC for $1000
(This sequence is permitted, however the $1000 sale proceeds from the May 4th sale of ABC may not be re-used until settlement day).
Example B
1. Starting cash balance is $0
2. May 1: Sell 100 XYZ for $1000 (settles May 3)
3. Cash balance is now $1000
4. May 2 10AM: Buy 100 ABC for $1000
5. May 2 12PM: Sell 100 ABC (Violation)
(This is a Free Riding Violation because the stock sold on May 2nd was purchased with funds that do not settle until May 3rd. If the investor would have waited until May 3rd to sell ABC stock, a violation would not have been issued)
For additional examples of using unsettled funds, see the SEC website page "Trading in Cash Accounts" at this url:
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_cashaccounts.
If a position is purchased and sold in a cash account without being fully paid for, it is a violation called "free riding". This may result in the trades which caused the violation to be "busted" (both the purchase and sale being removed from the account), with any resultant loss from those trades being charged to your account. Regulation T of the Federal Reserve Board then requires the account to be restricted for 90 Days. If this occurs, you will need to place any orders via phone, and will only be allowed to use settled funds for the next 90 days.
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• Check Request
See
Withdrawing Funds.
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• Clearing Agent
Axos Clearing 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:
- Trade Date- Monday Feb 1st 2017: Bought 100 XYZ at $21
- Trade Date- Tuesday Feb 2nd 2017: Bought 100 XYZ at $22
- Trade Date- Wednesday Feb 3rd 2017 (Settlement Date Friday Feb 5th 2017): Sold 100 XYZ at $23
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
Interest is earned on cash credit balances. See the
Interest Rates page 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: Axos Clearing, 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 9
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 Name: BMO Harris Bank
ABA #: 071000288
Account Name: Axos Clearing, Acct # 3174109
FBO: Client Name(s) and 8-digit Brokerage Account Number
Fed Wire 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.
• Wired funds (via Federal Fund or International Wire) are available to use immediately.
•
Address of BMO Harris Bank if needed by sending bank: 111 West Monroe St, Chicago IL 60690.
•
Address of Axos Clearing if needed by sending bank: 15950 West Dodge Rd Ste 300, Omaha NE 68118.
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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 SWIFT instructions:
Bank Name: BMO Harris Bank
ABA #: 071000288
SWIFT CODE: HATRUS44
Account Name: Axos Clearing, Acct # 3174109
FBO: Client Name(s) and 8-digit Brokerage Account Number
Notes:
•
Address of BMO Harris Bank if needed by sending bank: 111 West Monroe St, Chicago IL 60690.
•
Address of Axos Clearing if needed by sending bank: 15950 West Dodge Rd Ste 300, Omaha NE 68118.
• 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, and fee may apply. 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 "Axos Clearing 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 Securities via US Postal Service Registered/Certified mail, or a UPS/Fedex with a shipping option requiring a signature.
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:
Axos Clearing
DTCC #0052
FBO Client’s Name(s) and 8-digit brokerage account number
Afterwards, email or fax a Notice of Incoming DTC or DRS Transfer form to York Securities: info@yorksec.com / f 212-202-4655.
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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 212-202-4655. 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 services 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 Account Services...User 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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• Foreign Stocks
Most foreign company stocks which trade in the USA (on the NYSE, AMEX, Nasdaq, or OTC Bulletin Board/Pink Sheets), may be bought or sold through York Securities.
Note: Effective 9-24-18, for OTC Bulletin Board/Pink Sheets with 5-letter symbols ending in "F", which have a country of settlement in a restricted market, orders will no longer be accepted. See List of Restricted Countries/Markets.
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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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• 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%.
• 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 funds (both load and no-load). See the Mutual Funds page for details.
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 may 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.
Sign into your account, and click on "Online Documents" in the top navigation bar, to register.
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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 customers 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:
- NOT ENOUGH FUNDS
- FUNDS ARE NOT CLEARED
- BAD STOP ORDER
- DAY TRADING/CASH ACCOUNT
- EXCEEDING DAY-TRADING BUYING POWER/MARGIN ACCOUNT
- SHORT SELL: STOCK NOT AVAILABLE TO BORROW
- INVALID ORDER ENTRY FORMAT
- MARKET ORDER ON AN IPO OR PENNY STOCK
- MARKET ORDER ON AN OPTION CONTRACT WHEN THE UNDERLYING STOCK IS NOT OPEN FOR TRADING
- MARKET ORDERS FOR STOCK RECEIVED AFTER 4:00PM, BEFORE 4:02PM
- ACCOUNT IS RESTRICTED
- LACK OF MARGIN OR OPTION APPROVAL
- ATTEMPTING TO SELL FROM THE WRONG ACCOUNT TYPE (CASH OR MARGIN) OR INSUFFICIENT HOLDING QUANTITY.
- ATTEMPTING TO EDIT AN EXPIRED DAY ORDER.
*York Securities reserves the right to reject any order at any time.
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• Reorganizations
Mandatory Reorganizations: Reorganizations whereby an owner must participate, such as mergers, spin-offs, splits, etc.
Voluntary Reorganizations:Reorganizations whereby an owner may elect to participate, such as tender offers, Dutch auctions, etc.
Please note, while most issuers send notifications about pending reorganizations on a timely basis (whether electonically or postal mail), some may not. York Securities is not responsible for any missed, late, or non-notifications.
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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
Software Notes:
Quicken (personal finance software).
• Contact Us to be enabled for Quicken.
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.
TurboTax
• Desktop Software (using the Premier version or higher):
Navigate to "Federal Taxes"..."Wages & Income"... "1099-MISC", "Interest and Dividends", or "Investment Income 1099-B".
After choosing to "import from bank or brokerage account", the software will ask for the name of the institution from which to import the 1099 data.
Start typing and then select "Axos Clearing".
From here, it will ask for your 8 digit account number and Document ID (located on the top-right of page 1 of the 1099 form).
Follow remainder of the on-screen instructions.
• Premier online version (turbotaxonline.intuit.com):
Navigate to "Wages & Income", then "Your Income".
From here, for either "Interest or 1099-INT", "Dividends on 1099-DIV", or "Stocks, Mutual Funds, Bonds, Other", and click on Start.
When it asks to enter in the bank name or sign-in url of the financial institution, start typing, and then select "Axos Clearing".
It will ask for your 8 digit account number and Document ID (located on the top-right of page 1 of the 1099 form).
Follow the remainder of the on-screen instructions.
Notes:
• As an alternative to importing data, you may consider using the "Summary" method for each category on the 1099-B, whereby the proceeds and cost basis totals are inputted into the software (and subsequently onto Form 8949), for each category: Short Term (or Long Term) gains & losses, for boxes A-F.*
• H&R Block: 1099s from Axos Clearing can only be imported through TurboTax; H&R Block is not compatible.
• *Disclaimer: York Securities does not provide tax advice. Please consult TurboTax or a tax advisor for further details about using the Summary method.
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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 execution 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:
- Instantly on the order status screen
- On the Account Activity screen
- In written form on the postal mailed "Confirm"
- 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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• 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 the form.
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• Transfer
See Account Transfer.
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• User Name & Password
Contact York Securities Customer Service (800-221-3154 / 212-349-9700) to set up, or for help with your existing User Name and or Password.
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• Wiring Funds (To York Securities Account)
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 can be made via ACH, check, or Federal Fund / SWIFT Wire.
Note: Recent deposits may not be withdrawable until considered cleared. This may take up to 11 days for checks, and 61 days for ACH deposits.
To request an ACH transfer from your York Securities account to your bank account, please send an e-mail to: info@yorksec.com. Be sure to reference your name and dollar amount of the transfer.
To request a check from your York Securities account, please send an e-mail to: info@yorksec.com. Be sure to reference your name and the dollar amount of the check.
To request a Federal Fund Wire (or International Swift Wire) from your York Securities account, please fax your signed wiring instructions to 212-202-4655.
Contact your bank for their wiring instructions if necessary. 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.
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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