MDB Capital/Disclosures

MDB Capital Brokerage Fees

Account Service & Maintenance

Service Fees

Service Fee Frequency
Annual Account Fee $100 Annually
Basic Global Tax Service $50 Annually
Account Termination $100 At occurrence


Cash Management

Paper delivery of account notifications $5.00 Per delivery
Bank Wire-Domestic $25.00 Per transaction
Bank Wire-Foreign $60.00 Per transaction
Returned Deposited Items $25 Per event


Securities Safekeeping & Transfers

Direct Registration System (DRS) Transfer Fee (Incoming/Outgoing) $50 for settled; $100 for rejected Per transaction
Deposit/Withdrawal at Custodian (DWAC) Fee $100 settled or rejected Per transaction
Legal Deposit/Transfer $150 Per transaction
Partial Transfer $50 Per transaction
Physical Certificate Reject Fee $100 Per event
Rule 144/Restricted Stock Deposit Fee $100 Per deposit
Safekeeping Fee $5 Per certificate
Transfer Agent Fees At cost Per transaction
ACAT (Transfer Out) $100 At occurrence
Legal Transfer/Re-registration Fee $25 + TA Fee (varies) Per transaction
Legal transfer – Return or rejection $85 Per event
Transfer & Ship – Physical Stock Certificate $120 Per stock transfer
Cashless Exercise $100 Per transaction
Restricted Security Processing $350 Per transaction
ADR Pass through fee* Pass through Per event
Worthless Securities Disposal $1.00 for lot Per position
*ADR pass-through fees are charged by banks that custody ADRs (ADR agents). The fees are charged to companies that allow their clients to hold ADRs, such as MDB Capital, and then those fees are passed through to the client that owns the ADR. The fee normally averages from one to three cents per share, however the amount and timing of these fees can differ by ADR and are outlined in the ADR prospectus. Certain countries charge additional pass-through fees (see below).


Document Delivery & Notifications

Paper Statements $10.00 Per statement
Paper Trade Confirmations $5.00 Per confirmation
1099 Tax Paper Delivery $10.00 Per statement
Printed Prospectus (plus materials and postage) $10.00 Per delivery
Reorganization Notification Fees – Mail $5.00 Per delivery


Reorganization

Voluntary Non-Physical Reorg $25 Per event
Voluntary Physical Reorg $25 + TA Fees Per event
Mandatory $25 Per event

 

Trading Fees & Commission

For trades handled by the Equity Trader:

Liquidation of stock acquired in an offering by MDB Capital $0.05 – $0.10 per share,
$20 minimum ticket fee
Per trade


Non-Deal Stock

Stock price $1.00 or greater $0.03 per share,
$20 minimum ticket fee
Per trade
Stock price below $1.00 1% of total trade value,
$20 minimum ticket fee
Per trade
Additional clearing fees are passed through to the client for trades that are handled by the Equity Trader (may remove).


For Client-Entered Orders:

Liquidation of stock acquired in an offering by MDB Capital $0.05 – $0.10 per share,
$10 minimum ticket fee
Per trade


Non-Deal Stock

Stock price $1.00 or greater $0.025 per share,
$10.00 minimum ticket fee
Per trade
Stock price below $1.00 1% of total trade value,
$10 minimum ticket fee
Per trade

 

Regulatory Fees

SEC “Section 31” Fee on Sell Orders* $0.0000278 x principal value Per sale
Trading Activity Fee on Sell Orders* $0.000166 per share Per sale
*The “Section 31 Fee” applies to certain sell transactions, assessed at a rate consistent with Section 31 of the Securities Exchange Act of 1934. MDB Capital remits these fees to certain self-regulatory organizations and national securities exchanges, which in turn make payment to the SEC. These fees are intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The rate is subject to annual and mid-year adjustments which may not be immediately known to MDB Capital; as a result, the fee assessed may differ from or exceed the actual amount of the fee applicable to your transaction. Any excess may be retained by MDB Capital. Fees are rounded to the nearest penny.
*The Trading Activity Fee will be assessed at a rate consistent with Section 1 of Schedule A of FINRA’s By-Laws for trading activity. Current rates are: $0.000166 per share for each sale of a covered equity security, with a maximum charge of $8.30 per trade. Fees are rounded to the nearest penny.

 

Market Data & News

US Equities & ETF

Real-Time IEX Included  –
Delayed Consolidated NYSE/Nasdaq/Amex Included  –
Delayed + Real-Time Consolidated NYSE/Nasdaq/Amex Snap Quotes $0.05 Per quote, $5.00 max per month
Real-Time Consolidated NYSE/Nasdaq/Amex $20.00 + exchange fees Monthly
Real-time BATS $20.00 + exchange fees Monthly
Real-time Level II Nasdaq $50.00 + exchange fees Monthly


News & Research

Basic News (RSS Feed, e.g. Yahoo!Finance) Included  –
Lite News & Research Package $10 Monthly
Advanced News & Research Package $25 Monthly