PFGBEST.com Customer Notice:
Margin Call and Deficit Balance Fees
Effective May 1, 2009, in accordance with the terms of the customer agreement PFGBEST will impose the following fees for accounts with a deficit balance or margin call.
Fees for accounts with a debit net liquidating value:
* 1st Day – Customer net liquidating value is debit over $25. A fee of $25 will be charged to the account.
* 2nd Day and beyond – If the account continues to have a debit net liquidating value, the account will be charged interest equal to LIBOR plus two percent plus a monthly service charge of $50.
Fees for accounts generating a margin call:
* 1st Day Margin Call – No charge
* 2nd Day Margin Call and beyond– If the margin call is under $100,000, a daily fee of $25 will be charged. If the margin call is greater than $100,000, a daily fee of $25 and interest equal to LIBOR plus two percent will be charged.
Any deficit balances that are not met will be pursued in accordance to the customer agreement. Please contact your Foremost broker.