Fillable Business App1 Business Brokerage Application

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Business App1 Business Brokerage Application

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BUSINESS BROKERAGE APPLICATION
COMPLETE YOUR E*TRADE APPLICATION IN THREE EASY STEPS
The Business Brokerage Application you requested begins on the following page.
To complete your application, simply:
1. SCROLL DOWN AND FILL OUT EACH FIELD BY TYPING IN THE
APPROPRIATE INFORMATION.
If you’d like to complete the application by hand, skip this step and move on to
Step 2.
2. ONCE YOU HAVE PROVIDED THE REQUESTED INFORMATION, REVIEW
YOUR APPLICATION TO ENSURE IT IS COMPLETE AND PRINT IT BY
CLICKING THE
BUTTON ON THE TOP TOOLBAR.
3. SIGN AND DATE YOUR APPLICATION, AND MAIL IT TO THE APPROPRIATE
ADDRESS:
By overnight mail:
E*TRADE Financial Corporation
Harborside 2
200 Hudson Street, Suite 501
Jersey City, NJ 07311
By regular mail:
E*TRADE Securities LLC
P.O. Box 484
Jersey City, NJ 07303-0484
General Fax Number: 1-866-650-0003
From Outside the US: +1-678-624-6950
Note: Please include a Fax Cover Sheet when submitting documents by facsimile. Notarized, certified or original documents cannot be
submitted by facsimile and should be mailed.
BUSINESS BROKERAGE APPLICATION
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YOUR APPLICATION REQUIRES ADDITIONAL ORGANIZATIONAL DOCUMENTS
Please submit the required documents from the chart below
TYPE OF ACCOUNT YOU ARE APPLYING FOR REQUIRED DOCUMENTS
Limited Liability Company Account LLC/SMLLC
Signed LLC agreement
One of the following signed documents:
• Filed articles of organization
• Certificate of organization
• Certificate of formation
Please note: If the account will have margin or options trading,
the LLC agreement must specify the ability to do so
Corporation Account
One of the following signed
documents:
• Filed articles of incorporation
• Certificate of incorporation
• Corporate Charter
• Most recent signed tax return
• Annual report filed
with the State Corporation Commission
Non-Profit Account
This account type is limited to entities that are
recognized as tax-exempt by the IRS. Entities that
are not exempt at the federal level should utilize
another account type that reflects their structure and
federal tax classification
A signed board resolution detailing all current Board of Directors
of the applicant dated within 90 days
One of the following as proof of federal tax exemption:
• 501(c)3 status confirmation letter
• IRS 990 postcard for qualified charities
One of the following signed organizational documents:
• Filed articles of incorporation
• Filed articles of organization
• Trust agreement
• Current adopted bylaws
• Signed articles of association
• Signed constitution, charter, or other organizing documents
Partnership Account /
Limited Partnership Account / Limited Liability
Partnership Account
Signed partnership agreement or fictitious name
Please note: If the account will have margin or options trading,
the partnership agreement must specify the ability to do so
Sole Proprietorship Account Section 9 of this application not required
Identifying Documents
If we are unable to verify your entity, then the identifying documents below will be requested for the entity:
• A copy of IRS Letter 147C validating your entity’s tax ID number. Submitting this form with your application will expedite the opening
of your account. You can obtain this letter by contacting the IRS’s Business and Specialty Tax Line at 800-829-4933.
• A utility bill or bank statement validating the entity’s address.
• Additional identifying documents for persons specified herein may be requested
IMPORTANT INFORMATION ABOUT PROCEDURES FOR
OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and
money laundering activities, the USA PATRIOT ACT requires
all financial institutions to obtain, verify, and record information
that identifies each person who opens an account.
What this means for you when you open an account: we
will ask for your name, address, date of birth, tax ID and other
information that will allow us to identify you. We may also ask to
see your driver’s license or other identifying documents. Please
provide all requested information. Missing, inaccurate, or
altered information may require a new application.
1. SELECT TAX CLASSIFICATION BY ACCOUNT TYPE (CHOOSE ONLY ONE)
Limited Liability Company
C Corporation
S Corporation
Partnership
Corporation
C Corporation
S Corporation
Non-Profit
Federal Tax Exempt
Limited Partnership or
Limited Liability Partnership
C Corporation
S Corporation
Partnership
Partnership
C Corporation
S Corporation
Partnership
Sole Proprietor ship or SMLLC
(Reporting under owner
’s SSN)
Sole Proprietorship
SMLLC
After selecting an account type, please provide the required documentation
from page 2 when submitting your completed application.
2. PROVIDE INFORMATION ABOUT THE ENTITY (PLEASE PRINT)
Official Name of the Entity
Tax ID Number of the Entity Country Code Business Phone
Physical Street Address (cannot be a P.O. box) City State (U.S. only) U.S. Postal/Zip Code
Mailing Address (if different from above, a P.O. box may be used) City State (U.S. only) U.S. Postal/Zip Code
Industry in which the Entity Operates
Specific Line of Business within Stated Industry
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BUSINESS BROKERAGE APPLICATION
_____________________________________________ _____________________________________________
_____________________________
3. PROVIDE INFORMATION ABOUT AUTHORIZED PERSONS (PLEASE PRINT)
PRIMARY AUTHORIZED PERSON (REQUIRED)
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
SSN Date of Birth (mm/dd/yyyy)
Country
Code
Mobile or Home Phone Country
Code
Business Phone
Email Address
Home Street Address (cannot be a P.O. box)
City State (U.S. only) U.S. Postal/Zip Code
Mailing Address (if different from above, P.O. box may be used)
City State (U.S. only) U.S. Postal/Zip Code
Do you have accounts at other brokerage firms or mutual fund companies
No Yes Full Commission Discount (traditional)
EMPLOYMENT STATUS (ANSWER YES/NO QUESTIONS REGARDLESS OF EMPLOYMENT STATUS)
Are you employed by a registered broker-dealer, a securities exchange, or the FINRA?
No Yes (if yes you must submit a 407 compliance letter)
Are you an officer, 10% shareholder or policymaker of a publicly held company?
No Yes (specify companies)
Employment Status
Employed Self-employed* Retired Student Not employed
Employer Specific Occupation
Line of Business* (this box must be filled-in for Self-Employed Persons and Consultants
Business Street
Address (cannot be a P.O. box)
City State U.S. Postal/Zip Code
CO-AUTHORIZED PERSON (IF APPLICABLE)
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
SSN Date of Birth (mm/dd/yyyy)
Country
Code
Mobile or Home Phone Country
Code
Business Phone
Email Address
Home Street Address (cannot be a P.O. box)
City State (U.S. only) U.S. Postal/Zip Code
Mailing Address (if different from above, P.O. box may be used)
City State (U.S. only) U.S. Postal/Zip Code
Do you have accounts at other brokerage firms or mutual fund companies
No Yes Full Commission Discount (traditional)
Are you employed by a registered broker-dealer
, a securities exchange, or the FINRA?
No Yes (if yes you must submit a 407 compliance letter)
Are you an officer, 10% shareholder or policymaker of a publicly held company?
No Yes (specify companies)
Employment Status
Employed Self-employed* Retired Student Not employed
Employer
Specific Occupation
Line of Business* (this box must be filled-in for Self-Employed Persons and Consultants
Business Street Address (cannot be a P.O. box)
City State U.S. Postal/Zip Code
4. FUND YOUR ACCOUNT
Tell us how you’ll make your initial deposit. Check one or more of the following:
I have enclosed a check for $ made payable to E*TRADE Securities LLC.
My completed Account Transfer Form is attached.
I will transfer funds/securities from an existing account. (For more information go to www.etrade.com/newtransfer
.)
I plan to wire funds from another financial institution. (For more information go to www.etrade.com/newtransfer
.)
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5. PROVIDE BENEFICIAL OWNERSHIP INFORMATION (PLEASE PRINT)
To fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify, and record
information that identifies each person. We may also utilize a third-party information provider for verification purposes and/or ask for
a copy of your driver’s license or other identifying documents. This form requires you to provide the name, address, date of birth and
social security number (or passport number or other similar information, in the case of foreign persons) for both of the following:
• Control person – an individual with significant responsibility for managing the entity (for example, a chief executive officer, chief
financial officer, chief operating officer, managing member, general partner, president, vice president, or treasurer).
• Beneficial owner – each individual, if any, who owns, directly or indirectly, 10% or more of the equity interests (e.g. Shares) of the
entity. An individual is an indirect beneficial owner if his/her ownership interest is held through another entity.
If the individual who has significant responsibility for managing the entity also owns 10% or more of the entity, please
enter the information in both the control person and beneficial owner sections below.
CONTROL PERSON (REQUIRED)
Title within the Business
Mr. Mrs.
Ms. Dr.
First Name Middle Initial Last Name
Residence Status
U.S. Citizen Resident Alien Neither U.S. Citizen Nor Resident Alien
Country of Citizenship if not US
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
If there are one or more beneficial owners who own, directly or indirectly, 10% or more of the equity interests of the legal entity,
please complete the sections below for each beneficial owner. If a beneficial owner is a minor, then a copy of their Social
Security Card will also need to be submitted with this application. (This section does not apply to non-profit organizations).
BENEFICIAL OWNER 1
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 2
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
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5. BENEFICIAL OWNERSHIP INFORMATION (CONTINUED)
BENEFICIAL OWNER 3
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 4
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 5
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 6
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 7
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 8
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
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5. BENEFICIAL OWNERSHIP INFORMATION (CONTINUED)
BENEFICIAL OWNER 9
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
BENEFICIAL OWNER 10
Mr. Mrs. Ms. Dr.
First Name Middle
Initial
Last Name
Percentage of Ownership Citizenship Status
U.S. Citizen Resident Alien Neither
SSN Date of Birth (mm/dd/yyyy)
Physical Address
City State U.S. Postal/Zip Code
6. PROVIDE A TRUSTED CONTACT PERSON (“TCP”) (OPTIONAL)
By choosing to provide information about a trusted contact person, you authorize E*TRADE to contact and to disclose information
about your account to that person in the following circumstances: to address possible financial exploitation, to confirm the specifics
your current contact information, health status, or the identity of any legal guardian, executor, trustee or holder of a power of attorney,
or as otherwise permitted by applicable law. This is only applicable for S corporations with a single owner, single member LLCs, and
sole proprietorships.
This person will NOT have authorization over the account to manage assets nor perform any action other than those specified above
TRUSTED CONTACT PERSON
First Name* Last Name* Relationship
Country Code* Phone Number* Email Address
* If you choose to designate a TCP, these fields are required
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7. CREATE AN INVESTMENT PROFILE FOR THE ACCOUNT
SECURITIES INDUSTRY REGULATIONS REQUIRE THAT WE COLLECT ALL OF THE FOLLOWING INFORMATION.
Overall Investment Objective
for This Account
(choose only one)
Capital preservation
Minimize the potential for any loss of
principal.
Income
Provide current income rather than growth
of principal.
Growth
Increase investment value over time while
accepting price fluctuations.
Speculation
Assume the highest degree of risk for
potentially higher returns.
Investment
Experience
(choose only one)
Excellent
Good
Limited
None
Annual Income
(choose only one)
$200,000+
$100,000 -$199,999
$50,000 -$99,999
$25,000 -$49,999
$15,000 -$24,999
$0 -$14,999
Approximate Liquid Net
Worth (cash, stocks—
this cannot be greater
than total net worth—
choose only one)
$1,000,000+
$500,000 -$999,999
$200,000 -$499,999
$100,000 -$199,999
$50,000 -$99,999
$25,000 -$49,999
$15,000 -$24,999
$0 -$14,999
Approximate Total Net
Worth (excluding primary
residence— choose only one)
$1,000,000+
$500,000 -$999,999
$200,000 -$499,999
$50,000 -$99,999
$25,000 -$49,999
$0 -$24,999
Where will the assets to fund this account primarily come from? (choose only one)
Company income / Profit Company’s working capital Donation / Gift / Inheritance / Trust Grant
Investments / Capital gains Loan Private capital
What is the purpose and expected use of the account? (choose only one)
Professional asset management Investment account with transfers for expenses Long-term investment performance Investment of business capital
8. SELECT YOUR ACCOUNT FEATURES
Uninvested Cash Program
(1)
At the end of each business day, your uninvested cash will be automatically swept
into one of the options below. Select only one of the following choices for the
uninvested cash in your account. If no option is selected, you will default to the
Extended Sweep Deposit Account Program (“ESDA” or “ESDA Program”). You may
change your selection at any time. For current rates and other information, go to
www.etrade.com/rates.
Cash Balance Program
(2)
ESDA (Offers daily interest and FDIC insurance up to $1,250,000)
(3)
(1) You have the option to have cash balances in your securities account automatically treated as free credit
balances at E*TRADE Securities or transferred to an account at a bank or banks whose deposits are
insured by the FDIC (collectively, “Sweep Program”). For detailed information of the general terms and
conditions of the products available through the Sweep Program go to www.etrade.com/sweepoptions.
The products available under the Sweep Program may change at any time. By signing this application,
you are providing your written affirmative consent to have your cash balance included in the Sweep
Program with the option selected by you.
(2) Free Credit Balances at E*TRADE Securities.
(3) If you select ESDA, the ESDA Program Customer Agreement can be found at
www.etrade.com/esdaagreement as part of the Bank Sweep Account Agreements. In the ESDA Program,
your available cash balances will automatically sweep between the brokerage account and deposit
accounts at participating depository institutions (“Program Banks”), with deposits at each Program Bank
insured by the FDIC for up to $250,000. The total FDIC insurance coverage for cash in your ESDA
account will be up to $1,250,000 per account ($2,500,000 for joint accounts). Any amount in excess
of $1,250,000 ($2,500,000 for joint accounts) will not be covered by FDIC insurance. You also should
include other accounts you hold in the same title and capacity at any of the Program Banks in calculating
FDIC insurance coverage limits, because coverage limits are set per customer across all accounts.
A list of Program Banks can be found at www.etrade.com/esda. For more information regarding FDIC
insurance coverage limits, please visit www.fdic.gov.
Access Your Money
An initial minimum deposit of $1,000 is required to qualify for these items.
Subsequent debit card and checkbook orders will not require a minimum balance.
Free E*TRADE Debit Card
(4)
Free E*TRADE Checkbook
(4) You must have a valid U.S. Social Security Number (SSN) or Individual Taxpayer Identification Number
(ITIN) and a valid U.S. address to be eligible for a debit card.
Electronic Delivery
For your convenience, account documents will
be delivered to you electronically via a secure
online file cabinet instead of by U.S. mail.
We will notify you at the primary authorized
person’s e-mail address provided in Section 2
whenever a new document is available.
You may withdraw your consent for the
electronic delivery of account documents
at any time by visiting Account Preferences
on etrade.com or by notifying E*TRADE at
1-800-ETRADE-1. With respect to documents
you elect to receive electronically, you agree
to all the terms governing Electronic Delivery
of Documents of the E*TRADE Customer
Agreement at etrade.com/custagree. You may
change your delivery preferences at any time.
I would prefer to receive the following items by
U.S. mail:
Account statements
Trade confirmations
Tax documents
Official Statements and Prospectuse
Corporate reports, proxies, reorganization
notification
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$100,000 -$199,999
_______________________________________________________________________
____________________________________________________
_______________________________________________________
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9. PROVIDE A CERTIFICATE OF SECRETARY (REQUIRED FOR ALL ACCOUNTS EXCEPT SOLE PROPRIETORSHIPS)
As the secretary of the entity known as ,
(Name of entity as listed in section 2)
an entity duly organized or already existing under the laws of ,
(The state of incorporation)
I, hereby certify the following:
(Name of secretary)
(1) that the person(s) whose signature(s) appear(s) in Section 10 is/are authorized to establish and maintain accounts with E*TRADE
Securities on behalf of the Applicant and to bind the Applicant to the E*TRADE Customer Agreement, pursuant to a duly adopted
resolution of the board of directors; and (2) that the charter documents, agreements, and applicable laws governing the Applicant
permit the establishment and maintenance of accounts, including the purchase, sale, or dealing in, through E*TRADE Securities as
broker, securities, options (if allowed), and other assets, on margin (if allowed), or otherwise. This certificate shall continue in forc
until revoked by the Company pursuant to a written notice addressed and delivered to E*TRADE Securities LLC at the address listed
on the first page of the application
Margin - By checking this box, the Applicant certifies that th Applicant is authorized to use margin either by (1) adoption of a
specific resolution by the governing board of directors or managers documented in the minutes of the Applicant or (2) specific
authority to use margin as provided in the charter documents, agreements or applicable governing law and documents of
Applicant and Applicant authorizes the use of margin in this account in accordance with the Margin Agreement executed by duly
authorized officers of Applicant.
Options - By checking this box, the
Applicant certifies that the Applicant is authorized to use options either by (1) adoption of a
specific resolution by the governing board of directors or managers documented in the minutes of the Applicant or (2) specific
authority to use options as provided in the charter documents, agreements or applicable governing law and documents of
Applicant and Applicant authorizes the use of options and other derivative securities in this account in accordance with the Option
Agreement executed by duly authorized officers of Applicant.
MORE THAN HALF OF THE GOVERNING BODY MUST PROVIDE THE INFORMATION BELOW. “GOVERNING BODY” DEFINED
AS BOARD MEMBERS, OFFICERS, PARTNERS, OR OWNERS. FOR NON-PROFITS, GOVERNING BODY IS DEFINED AS
BOARD MEMBERS ONLY.)
Signatures and details of any additional persons should be included on a second copy of this page.
The persons (officers, members, partners, or the owners of the Applicant) named below are duly elected officers, members, partners
or owners of Applicant and have authorized the individuals whose signature(s) appear in Section 10 to act on behalf of the Applicant as
authorized agents:
I UNDERSTAND THAT THIS ACCOUNT IS GOVERNED BY A PRE-DISPUTE ARBITRATION CLAUSE. I acknowledge that I have
received and read a copy of the E*TRADE customer agreement which contains a pre-dispute arbitration agreement at section 12.
Name Title SSN DOB Signature (digital not accepted)
Signature of Secretary (Digital signatures not accepted) Date
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10. SIGN AND DATE YOUR APPLICATION
I am of legal age to enter into this contract. I acknowledge that I have received, read, and agree that the Applicant shall be bound
by the terms and conditions as currently set forth in the E*TRADE Customer Agreement and as amended from time to time.
The E*TRADE Customer Agreement is available online at www.etrade.com/custagree or by calling 800-387-2331. I confirm and
acknowledge that neither E*TRADE Securities LLC nor any of its affiliates provide investment, tax or legal advice except to the extent
set forth in Section 9 of the Customer Agreement. I understand that you will supply my name to issuers of any securities held in the
account so that the Applicant might receive any important information regarding them unless I notify you in writing not to do so.
I acknowledge I have been informed by E*TRADE Securities LLC, and that I understand, that securities products, such as
stocks, bonds, options, mutual funds, and exchange-traded funds and other securities products and services offered by
E*TRADE Securities are not insured by the FDIC, are not deposits or other obligations of, and are not guaranteed by either
E*TRADE Bank, E*TRADE Savings Bank or any other bank, and are subject to investment risks, including the possible loss
of the principal amount invested.
I am
NOT a U.S. individual or entity and have attached Form(s) W-8 to this application to claim foreign status or treaty benefits
If you are exempt from backup withholding,
enter in the Exemptions box, any code(s)
that may apply to you. Please see page 3
section, ‘Exempt Payee Code’.
Exemptions (see instructions):
Exempt payee code (if any):
If you are exempt from backup withholding, enter in the Exemption Box, any code(s)
that may apply to you. See ‘Exempt Payee Code’ on page 3 of the instructions.
Under penalties of perjury, I certify that:
1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), an
2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by th
Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or
(c) the IRS has notified me that I am no longer subject to backup withholding, an
3. I am a U.S. citizen or other U.S. person (defined below), an
4. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FA
TCA reporting is correct.
5. To the best of my knowledge, the beneficial ownership information provided is complete and correct
Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to
backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2
does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an
individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the
certification, but you must provide your correct TIN. Certification Instruction
The Internal Revenue Service does not require your consent to any provision of this document other than the certification
required to avoid backup withholding.
I UNDERSTAND THAT THIS ACCOUNT IS GOVERNED BY A PREDISPUTE ARBITRATION CLAUSE. I acknowledge that I have
received and read a copy of the E*TRADE CUSTOMER AGREEMENT which contains a pre-dispute Arbitration Agreement at Section 12.
Signature of Primary Authorized Person (Digital signatures not accepted) Date
Printed Name and Title
Signature of Co-Authorized Person (Digital signatures not accepted) Date
Printed Name and Title
System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, and system performance.
The E*TRADE Financial family of companies provides financial services including trading, investing and related banking products and services to retail investors.
Securities products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC.
© 2019 E*TRADE Financial Corporation. All rights reserved.
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11. MARGIN BORROWING AND OVERDRAFT PROTECTION AGREEMENT (OPTIONAL)
A margin account gives you the flexibility to borrow from E*TRADE Securities using the assets in your account as collateral.
Proceeds may be used to purchase additional securities, as overdraft protection, or for any other purpose. A $2,000 minimum
balance must be maintained to borrow funds on margin.
Margin transactions involve additional risks, including the risk that you could lose more money than you deposit in your account. For
more information, including current margin interest rates and the FINRA Margin Disclosure Statement, visit www.etrade.com/margin.
See the Margin Account Supplement of the E*TRADE Customer Agreement at www.etrade.com/custagree for more information about
your responsibilities.
Please read and sign the Margin Disclosure Statement shown below if you wish to add Margin Borrowing and Overdraft
Protection to this account.
Margin Disclosure Statement. E*TRADE Securities LLC is furnishing this statement to you to provide some basic facts about
purchasing securities on margin and to alert you to the risks involved with trading securities in a margin account. Before trading
stocks in a margin account, you should carefully review the margin agreement provided by us. Contact E*TRADE Securities
regarding any questions or concerns you may have with your margin account(s). When you purchase securities, you may pay for the
securities in full or you may borrow part of the purchases price from your brokerage firm. If you choose to borrow funds from your firm
you will open a margin account with the firm. The securities purchased are the firm collateral for the loan to you. If the securities in
your account decline in value, so does the value of the collateral supporting your loan, and as a result the firm can take action, such
as issue a margin call and/or sell securities in your account, to maintain the required equity in the account. Issuing a margin call
means you will be required to provide additional funds into the account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the
following: You can lose more funds than you deposit in the margin account. A decline in the value of securities that are
purchased on margin may require you to provide additional funds to the firm.
The firm can force the sale of securities in your account. If the equity in your account falls below the maintenance margin
requirements under the law or the firm higher “house” requirements, the firm can sell the securities in your account to cover the
margin deficiency. You will be responsible for any shortfall in the account after such a sale.
The firm can sell your securities without contacting you. Some investors mis
takenly believe that a firm must contact them for
a margin call to be valid and that the firm cannot liquidate securities in their accounts to meet the call unless the firm has contacted them first.
This is not the case. Most firms will attempt to notify their customers of margin calls, but they are not required to do so. However, even if a firm
has contacted a customer and provided a specific date by which the customer can meet a margin call, the firm can still take necessary steps
to protect its financial interests, including immediately selling the securities without notice to the customer.
You are not entitled to choose which security in your margin account is liquidated or sold to meet a margin call. Because the
securities are collateral for the margin loan, the firm has the right to decide which security to sell to protect its interests, without regard
to tax basis or other considerations.
The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you with
advance written notice. These changes in firm policy often take effect immediately and may result in the issuance of a maintenance
margin call. Your failure to satisfy the call may cause the firm to liquidate or sell securities in your account.
You are not entitled to an extension of time on a margin call. Although an extension of time to meet margin requirements may be
available to customers under certain conditions, a customer does not have a right to an extension.
I understand that my account, if approved, will be upgraded to a margin account. I acknowledge that securities held in my margin
account may be pledged, repledged, hypothecated, or rehypothecated for any amount due E*TRADE Securities in my account(s) or
for a greater amount which E*TRADE Securities, at its sole discretion, may deem necessary. I also acknowledge that my
securities may be loaned to E*TRADE Securities or loaned out to others and that E*TRADE Securities may receive
compensation in connection with lending my securities.
I UNDERSTAND THAT THIS ACCOUNT IS GOVERNED BY A PREDISPUTE ARBITRATION CLAUSE. I acknowledge that I have
received and read a copy of the E*TRADE CUSTOMER AGREEMENT which contains a pre-dispute Arbitration Agreement at Section 12.
Signature of Primary Authorized Person (Digital signatures not accepted) Date Signature of Co-Authorized Person (Digital signatures not accepted) Date
Printed Name Printed Name
**NOTE: Certificate of Secretary must reflect margin capabili
BUSINESS BROKERAGE APPLICATION
1019-BRKBUS-B66322
11
Page of 14
•
______________ ______________
______ ______ ______ ______ ______ ______ ______ ______
OPTIONS TRADING APPLICATION
Optional: Complete this form only if you would like to apply to add options trading capability to this account.
Visit www.etrade.com/options to learn more about the risks and rewards of options trading.
OPTIONS ACTIVITY
Select only one box. If no box is selected, you will be considered for Level 1 activity only.
Level 1:
Capital preservation/income
• Covered calls
• Buy-writes
Level 2:
Income/growth
Level 1, plus:
• Long calls
• Long puts
• Married puts
• Covered puts
• Collars
• Long straddles/strangles
• Cash-secured puts
Level 3:
Growth/speculation
Level 2, plus:
• Spreads
• Naked puts
Level 4:
Speculation
Level 3, plus:
Naked calls
PRIMARY AUTHORIZED PERSON
Any section left blank will be assumed zero or none.
Marital Status
Single Married Divorced Widowed
Number of Dependents (including self)
1 2 3 4 Other:
Options Investment Knowledge
None Limited Good Excellent
Options T
rading Experience
None Covered Calls Covered Puts Purchases
Spreads Uncovered
Calls Uncovered Puts
Years of Experience
Stocks: years Bonds: years
Options: years Futures: years
T
otal Transactions per Year
Stocks
75+
25-74
15-24
10-14
0-9
Bonds
75+
25-74
15-24
10-14
0-9
Options
75+
25-74
15-24
10-14
0-9
Futures
75+
25-74
15-24
10-14
0-9
Average Transaction Size
$25,000+ $10,000-$24,999 $0-$9,999
CO-AUTHORIZED PERSON, IF APPLICABLE
ANY SECTION LEFT BLANK WILL BE ASSUMED TO BE ZERO OR NONE.
Marital Status
Single Married Divorced Widowed
Number of Dependents (including self)
1 2 3 4 Other:
Options Investment Knowledge
None Limited Good Excellent
Options T
rading Experience
None Covered Calls Covered Puts Purchases
Spreads Uncovered Calls Uncovered Puts
Years of Experience
Stocks: years Bonds: years Options:
years Futures: years
Total Transactions per Year
Stocks
75+
25-74
15-24
10-14
0-9
Bonds
75+
25-74
15-24
10-14
0-9
Options
75+
25-74
15-24
10-14
0-9
Futures
75+
25-74
15-24
10-14
0-9
Average Transaction Size
$25,000+ $10,000-$24,999 $0-$9,999
BUSINESS BROKERAGE APPLICATION
1019-BRKBUS-B66322
12
Page of 14
O
O
Special Statement for Uncovered Options Writers
There are special risks associated with uncovered options writing which expose the investor to potentially significant loss. Therefore,
this type of strategy may not be suitable for all customers approved for options transactions.
• The potential loss of uncovered call writing is unlimited. The writer of an uncovered call is in an extremely risky position and may incur
large losses if the value of the underlying instrument increases above the exercise price.
• As with writing uncovered calls, the risk of writing uncovered put options is substantial. The writer of an uncovered put option bears a
risk of loss if the value of the underlying instrument declines below the exercise price. Such loss could be substantial if there is a sign
if i can’t decline in the value of the underlying instrument.
• Uncovered options writing is thus suitable only for the knowledgeable investor who understands the risks, has the financial capacit
and willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. I
this regard, if the value of the underlying instrument moves against an uncovered writer’s options position, the investor’s broker may
request significant additional margin payments. If an investor does not make such margin payments, the broker may liquidate stoc
or options positions in the investor’s account with little or no prior notice in accordance with the investor’s margin agreement.
• For combination writing, where the investor writes both a put and a call on the same underlying instrument, the potential risk is unlimited.
• If a secondary market in options were to become available, investors could not engage in closing transactions, and an options writer
would remain obligated until expiration or assignment.
• The writer of an American-style option is subject to being assigned an exercise at any time after he has written the option until the
option expires. By contrast, the writer of a European-style option is subject to exercise assignment only during the exercise period.
It is expected that you read the Characteristics and Risks of Standardized Options booklet, which we have provided to you and can
be found at www.etrade.com/optionsagree. In particular, please direct your attention to the chapter entitled Principal Risks of Options
Positions. This statement is not intended to enumerate all of the risk entailed in writing uncovered options.
I agree not to enter into any options transactions until I have received, read, and understood the disclosure document
entitled characteristics and risks of standardized options, which can be found at www.etrade.com/optionsagree. I am aware
of the special risks and obligations of options trading. I have read, understood, and agree to be bound by the E*TRADE Securities
options trading terms and conditions outlined in the Options Supplement of the E*TRADE Customer Agreement which can be found
at www.etrade.com/custagree. I also agree that I am bound by it as it is currently in effect and as it is amended from time to time.
IMPORTANT: Section 10 of the Business Brokerage Application must also be signed in order for the account to be opened. You cannot
use this application to upgrade an existing account. If you would like to add options trading capability to an existing account, please use
the Margin/Option Account Upgrade Form, which can be found at www.etrade.com/forms.
I UNDERSTAND THAT THIS ACCOUNT IS GOVERNED BY A PREDISPUTE ARBITRATION CLAUSE. I acknowledge that I have
received and read a copy of the E*TRADE CUSTOMER AGREEMENT which contains a pre-dispute Arbitration Agreement at
Section 12.
Signature of Primary Authorized Person (Digital signatures not accepted) Date
Printed Name
Printed Name
Signature of Co-Authorized Person (Digital signatures not accepted) Date
Printed Name
**NOTE: Certificate of Secretary must reflect options capabilit
System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, and system performance.
The E*TRADE Financial family of companies provides financial services including trading, investing and related banking products and services to retail investors.
Securities products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC.
© 2019 E*TRADE Financial Corporation. All rights reserved.
BUSINESS BROKERAGE APPLICATION
1019-BRKBUS-B66322
13
Page of 14
OPTIONS TRADING APPLICATION
14
Page of 14
LEGAL DOCUMENTS
0119-LGLBRK-B66174
Legal Documents
Document Name URL
Basic Securities and Brokerage
E*TRADE Customer Agreement
www.etrade.com/custagree
Business Continuity Plan
www.etrade.com/bcp
Privacy Statement
www.etrade.com/privacy
Regulatory Notices
www.etrade.com/notices
Margin and Options
Characteristics of Standardized Options
https://www.theocc.com/about/publications/character-risks.
jsp?vanity=optionsagree
Margin Disclosure Statement
https://us.etrade.com/e/t/estation/help?id=1302000000#View
Day Trading Disclosure
https://us.etrade.com/e/t/prospectestation/pricing?id=1201120101
Risk Disclosure Statement
www.etrade.com/riskdisclosure
Special Statement for Uncovered Options Writers
https://us.etrade.com/e/t/prospectestation/pricing?id=1201120102
Uninvested Cash Options
Sweep Rate Schedule
https://us.etrade.com/e/t/prospectestation/pricing?id=1907000100
ESDA Agreement
www.etrade.com/esdaagreement
E*TRADE Account Agreement, Disclosures, and Terms
• I am of legal age to agree to the terms herein and I will be providing an electronic signature as part of this account opening
process which is the equivalent of a written signature.
Underpenaltiesofperjury,(1)thetaxpayeridenticationnumberIsubmittedonthisonlineapplicationismycorrectnumber
(or I am waiting for a number to be issued to me), and (2) I am not subject to backup withholding because: (a) I am exempt
frombackupwithholding,or(b)IhavenotbeennotiedbytheInternalRevenueService(IRS)thatIamsubjecttobackup
withholdingasaresultofafailuretoreportallinterestordividends,or(c)theIRShasnotiedmethatIamnolongersubjectto
backup withholding, and (3) I am a U.S. citizen or other U.S. person. The IRS does not require my consent to any provision of
thisdocumentotherthanthecerticationrequiredtoavoidbackupwithholding.
• I have been informed by E*TRADE and understand that securities products, such as stocks, bonds, options, mutual funds, and
exchange traded funds and other securities products and services offered by E*TRADE are not insured by the Federal Deposit
Insurance Corporation (FDIC), are not deposits or other obligations of, and are not guaranteed by either E*TRADE Bank,
E*TRADE Savings Bank or any other bank, and are subject to investment risks, including the possible loss of the principal
amountinvested.Additionally,IconrmandacknowledgethatneitherE*TRADESecuritiesLLCnoranyofitsafliatesprovides
investment, tax or legal advice except to extent set forth in Section 9 of the Customer Agreement.
• I have received and reviewed all of the above disclosures, notices, and I agree to be bound by terms and conditions set forth
in any above-listed E*TRADE product agreement, the E*TRADE Customer Agreement, and any applicable supplements
contained therein, each of which is linked above, as may be amended from time to time in accordance with the terms thereof
(collectively, “E*TRADE Account Agreement”). Printed versions of the disclosures and notices are available upon request.
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Business App1 Business Brokerage Application

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Completed 19 July 2020

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