Fees & Disclosures
City Securities Corporation’s Compliance Department is committed to keeping you informed of regulatory issues regarding your account. The Compliance Department is responsible for advising and assisting our business units in assuring compliance with the rules and regulations regarding the brokerage community. Please see the information below regarding information that concerns your account:
- Terms & Conditions
- City Securities Corporation Fee Schedule
- New Account Customer Identity Verification Disclosure
- Privacy Notice
- Business Continuity Disclosure
- Rule 606 Report – Order Routing Disclosure
- Social Media Disclosure
If you have questions or concerns regarding your account, please contact Andrew Armstrong with City Securities Corporation. Mr. Armstrong can be contacted via e-mail at firstname.lastname@example.org (%email@example.com) or via telephone at 317-634-4400. His mailing address is:
c/o City Securities Corporation
30 South Meridian Street, Suite 600
Indianapolis, IN 46204
TERMS & CONDITIONS
By using this site, you agree to be bound by the following terms & conditions:
This site has been prepared by City Securities Corporation (CSC) solely for informational purposes and it is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy which may be referenced on the site.
This site has been published in the United States for residents of the United States. The information provided on this site is not intended to be provided to, or used by, any person in any jurisdiction or country where such provision or use would be contrary to law or which would subject CSC or its affiliates to any registration requirement within such country or jurisdiction.
CSC, its employees and agents, may transact business in a particular state only if first registered or exempt from registration either individually or as a firm. In addition, follow-up conversations or meetings with individuals in a particular state by either CSC, its employees or agents to effect transactions in securities or discuss securities, investment planning or other personal investment advice will not be made without first becoming registered, or deemed exempt from registration either individually or as a firm.
Nothing on this site should be construed as rendering tax or legal advice.
This site is provided only for your personal, non-commercial use. Except as expressly authorized in writing by CSC, you may not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate or commercially exploit the information provided through this site in any manner. You also agree not to use the information provided through this site for any unlawful purpose.
This site is the property of CSC or its licensors and is protected by applicable copyright, patent, trademark, trade secret or other intellectual property law. You may download the information and/or print out a hard copy for your reference, provided you agree not to remove any copyright or other notices.
Although this site provides information which includes material about specific securities, CSC is not providing personalized investment advice and is not representing that any securities referenced on the site are suitable for you. In addition, you agree to make an independent evaluation of the investment merits and suitability for you of any such securities. CSC, its officers, directors or employees may have a position in any of the mentioned securities, may from time to time make a market in these or any other securities and may have participated as managing underwriter or as part of the underwriting group of these securities. Information contained on this site reflects facts or analysis as of the date published. The accuracy, completeness or timeliness of such information is not guaranteed and is subject to change. Further, the price for any security contained in one section of the site may differ from the price for that security contained in another section of the site. Neither CSC nor any third-party provider is under any obligation to update news stories or any other information. Therefore, information on the site may not reflect events occurring after date of publication.
Should you leave this site via a link contained in the site, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy or otherwise reviewed by CSC. You agree that CSC is not responsible for any information or other links found at those sites or for your use of such information.
The transmission or use of any material in violation of these terms and conditions; any applicable law, rule or regulation (whether of the United States or other countries); or the rights of any third party is prohibited. This includes copyrighted material; material that is defamatory, threatening, obscene, lewd or indecent; material protected by trademark, trade secret or patent laws; or material that results in an invasion of privacy.
CSC and its directors, officers, employees, affiliates, vendors, licensors and agents will not be liable for any loss or damages incurred by you related to your use or attempted use of CityLink including damages caused by delays, errors, inaccuracies, unreliability, loss of data or software restoration. CSC will not be liable for any special, incidental, consequential, indirect or punitive damages, even if such damages were reasonably foreseeable.
This site gives you the ability to communicate electronically with CSC through electronic mail (e-mail). You agree not to use e-mail to transmit orders to purchase or sell a security, to transfer or disburse funds, to transmit any personal credit information (including credit card numbers) or to give CSC any instructions that are time-sensitive or require a signature. CSC is not liable for any actions taken or any omissions to act as a result of any e-mail message you send to CSC. All e-mail sent to and from CSC is subject to review by someone other than the recipient. Additionally, e-mail sent to and from a CSC address may be retained by CSC’s corporate e-mail system.
The foregoing terms and conditions are in addition to, and do not change or cancel, any other agreement between you and CSC governing your relationship with CSC. CSC reserves the right, at our discretion, to change, modify, add or remove portions of these terms at any time.
|Advantage Checking & Debit Card Fees|
|Advantage Account—Basic (check writing only)||No annual product fee|
|Advantage Account—Standard (debit card & check writing)||$125 annual fee|
|Advantage Check Orders—Individual (Additional delivery charges may apply from check vendor on options other than bulk mail)|
|Initial order-standard wallet (40 checks)||Free Service|
|Re-order standard wallet (120)||$9 (plus applicable shipping & tax)|
|Initial order-standard duplicate (120 checks)||$20 (plus applicable shipping & tax)|
|Re-order standard duplicate (120)||$20 (plus applicable shipping & tax)|
|Advantage Check Orders—Corporate (Corporate check orders are subject to Overnight delivery fees)|
|Initial order (Three to a page) 252 checks||$151.09 (plus applicable shipping & tax)|
|Re-order (Three to a page) 252 check||$105.52 (plus applicable shipping & tax)|
|Other Advantage Account Fees|
|Stop Payment Order||$15 (reduced from $25)|
|Check Research||$5 each|
|Check Copies||Three free copies per month; $15 each over 3|
|ATM Transaction||No internal service fee|
|Additional Debit Card||$10 each|
|Overnight Fee for rush order of Debit Cards||$20 per card|
|Prepayment on Sale (payment prior to settlement date)||Margin Rate with $15 Minimum|
|Client Online Access to Account||Free Service|
|Online Bill Pay||Free Service (was $7 per month)|
|Deposited Item Returned||$10 per item|
|Trade Handling Fee||$6|
|Bond Redemptions||Free Service|
|Transfer on Death Application Fee||Free Service|
|Stop Payment on checks issued by City Securities Corporation||Free Service|
|Historical Pricing for Estate Valuations||Greater of $35 minimum or $5 per cusip/position|
|Filing for a Regulatory Extension for payment due on a Trade||$5 Filing Fee plus margin rate on balance unpaid|
|Regulatory Trade Violations||$5|
|Outside/Alternative Investment Custodial Fee||$100 per position annually ($600 maximum)|
|Lost Certificate Replacement||$100 plus any out of pocket or pass through fees|
|Research or Document Retrieval||$2 per page plus $20 per hour|
|Overnight package to client or branch||Greater of $15 minimum or cost of delivery|
|Deposit/Withdrawal at Custodiam (DWAC) fee||$150|
|Transfer Fees (any additional transfer agent or depository fees are passed on at cost)|
|Account Transfer to another broker/dealer (ACAT)||$95|
|Physical Certificate Issuance (if possible)||$500|
|Delivery of position through Direct Registration System||Free Service|
|Physical Certificate Reject Fee||$50 per item|
|Direct Registration Reject Fee||$75 per item|
|Foreign Securities (order out)||$250 per security|
|Customer Name Safekeeping||Held on an exception basis and charged $150 annually.
New certificates are charged an initial fee of $500
|Load and No-Load Liquidation Fee||$10 per trade|
|No-Load Commission/Transaction Fee||The greater of $25 or 1% of the investment|
|Wire Transfer Funds|
|Domestic||$25 per wire|
|International||$25 per wire|
|First Clearing as Custodian Retirement Account Fees|
|IRA Custodial Fee- Annual Maintenance||$50|
|IRA Custodial Fee-Termination Fee||$95|
|Annual Inactive Account Fees|
|All other Accounts (Includes Standard Brokerage and Advantage Basic)||$65|
NEW ACCOUNT CUSTOMER IDENTITY VERIFICATION DISCLOSURE
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.What does this mean for you? When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
BUSINESS CONTINUITY DISCLOSURE
City Securities Corporation maintains a Business Continuity Plan (BCP) in accordance with FINRA Rule 4370. The following information summarizes our planned responses to significant business disruptions of varying severity:
- For firm-only incidents, City Securities Corporation maintains a co-location facility housing all business critical systems and applications. System backups are located and retrievable from the co-location facility as well as an off-site location.
- For local or citywide disruptions, City Securities Corporation maintains a secondary location for conducting business with relocated key employees. Other employees with portable computers have remote access via the Virtual Private Network, which allows for full functionality from any internet connection.
City Securities Corporation fully expects to conduct business during times of business disruption. We have made arrangements for our telephones to be forwarded to a secondary location in the event of a business disruption. After a significant business disruption, you can contact us by telephone as usual at 317-634-4400 or 1-800-800-CITY. If you are unable to reach us via telephone, please consult our web site at http://www.citysecurities.com for updated contact information and instructions on how clients may gain prompt access to funds and securities, enter orders and process other trade-related, cash and security transfer transactions.
Significant business disruptions can differ in scope, affecting only our firm or affecting the entire city or region. Each disruption can vary in scale from a minimal disruption to a severe disruption. If the significant business disruption is so severe that it prevents us from remaining in business, we will make every effort to assure that our clients have access to their funds and securities.
The BCP is subject to change. When the plan is updated, a new summary will be posted promptly on the firm’s web site.
Rule 606 Report – Order Routing Disclosure:
SEC REQUIRED DISCLOSURE ON ROUTING OF CUSTOMER ORDERS
CITY SECURITIES CORPORATION
30 South Meridian Street, Suite 600
Indianapolis, IN 46204
Under SEC Rule 606, broker-dealers that route customer orders in equity and option securities are required to make publicly available quarterly reports that, among other things, identify the venues to which customer orders are routed for execution. In addition, broker-dealers are required to disclose to customers, on request, the venues to which their individual orders were routed.
City Securities Corporation directs its order flow to its clearing broker, First Clearing Corporation LLC, for routing and execution. City Securities Corporation does not receive compensation for directing order flow to First Clearing.
To view First Clearing’s 606 statistical report of its order routing practices, please access the below link:
To obtain information about the routing of a specific order executed within the prior six months, please send your written request to Andrew Armstrong at the above address.
SOCIAL MEDIA DISCLOSURE