Td ameritrade margin/options upgrade form

Users browsing this forum: Google [Bot] and 33 guests. New account doing margins by accident? Have a question about upgrade personal investments?

No matter ameritrade simple or complex, you can upgrade it here. This is not for me, but for a friend who is upgrade very experienced or wise in regards to investing.

This person is in his mid 40s, works as a farrier, with a good clientele. He just started investing last year and for some reason felt upgrade needed to buy stocks. He set up a TD Ameritrade account online and bought some stocks in both a regular account and a Sep IRA account.

None of that was with my knowledge or advice Yesterday he called me and says he was ameritrade at TD Ameritrade that his regular stock account is "upside down". He called them to start getting things transferred to VG. I do not know much about margin accountsor about TD Ameritrade, form therefore do not feel I have much wisdom to offer in ameritrade to this particular situation or mess up Ameritrade also says he thinks he remembers the online set up asking him is he wanted margin/options information on options, and thinks he did say yes to that He margin/options he never signed any papers agreeing to buying things on margin.

He says he never saw any info on the costs of the loans for buying on margins and margin/options had any discussions with ameritrade except enough to go into the TD Ameritrade office in his city and give them a check to open the account. He says no way in heck would he knowingly set up to buy on marigins or with options Fortunately he only owes about 60 dollars in interest Is form possible for a neophyte which he was and is to set up an account margin/options buy on margin and not know it It does seem like most places who sell stocks would be having a guy sign a lot of disclosure papers and form a real discussion as to the suitability of having that kind of account?

Does this sound likely or even possible upgrade this could happen accidentally to a neophyte? Would it be reasonable for him to ask that they show him that he did set his account up that way This was ameritrade advice, and Ameritrade told him I really know nothing about this stuff The cost of this accident is low Thanks for any insight. Here's the unformated disclosure form; the "I agree" box must be checked in order to activate the Submit button: Accounts with more than two upgrade must submit a paper application.

The Financial Information section must be completed to be considered for options. You can lose more funds than you deposit in your margin account.

TD Ameritrade can force the sale of securities in your form. TD Ameritrade does ameritrade have to contact you before selling your securities. You cannot choose which securities in upgrade margin account are liquidated or sold to meet a margin call. TD Ameritrade can increase its "house" maintenance requirements at any time without providing you with advance written notice.

You are not entitled to an extension of time on upgrade margin call. Check this box to decline margin trading. Your Full Name What type of activity do you plan to conduct in your options account?

Tier 1 — Covered Write covered calls; write cash—secured puts Tier 2 form Standard Cash Purchase options Write covered calls Write cash—secured puts What are your form investment objectives?

Check all that apply. You must select at least one. Growth Speculation Income Conservation of capital Employment status Number of dependents Annual income Approximate net worth not including residence Approximate liquid net worth cash, stock, etc Funds available for options trading Years of investment experience Average transaction upgrade Investment upgrade Number of transactions per year Types of transactions Check all that apply.

Stocks Bonds Options None Option and Margin Agreement I have previously received and read the "Client Agreement," which is incorporated by this reference, that will govern my account.

The Client Agreement applicable to this brokerage account agreement contains predispute arbitration clauses. By signing this agreement, the parties agree to be bound by the terms of the agreement including the arbitration agreement located in Section 12 of the Client Agreement, on pages 7 and 8.

I understand that TD Ameritrade may obtain a current consumer margin/options credit report to determine my eligibility, or continuing eligibility, for credit or for other legitimate business form. Any decision by TD Ameritrade to extend credit may be based on information contained in a consumer or credit report, as well as the policies of TD Ameritrade and TD Ameritrade Clearing, Inc.

I understand that TD Ameritrade may relate information regarding this account, including account delinquency and voluntary closures, form consumer or credit-reporting agencies. TD Ameritrade agrees to notify the consumer or credit-reporting agencies if I dispute the completeness or accuracy of the information form by TD Ameritrade. By my signature below, I authorize TD Ameritrade to obtain consumer or credit reports for the name margin/options set forth below.

If I have requested an options account, I agree to abide by the rules of the listed options exchanges and the Options Clearing Corporation and will not violate current position and exercise limits. I am aware of the risks involved in options trading and represent that I am financially able to bear such risks and withstand options-trading losses. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

Please read Characteristics and Risks of Standardized Options before investing in options. By checking this box, I acknowledge my application form margin and options trading privileges and receipt of the disclosures. I also reaffirm my acceptance of the Client Agreement and, in particular, ameritrade sections concerning margin and options trading.

I acknowledge that securities securing loans from TD Ameritrade may be margin/options to TD Ameritrade and lent by TD Ameritrade to others. I also acknowledge that if Margin/options trade "on margin," I am borrowing money from TD Ameritrade and that I understand the requirements and risks associated with margin as summarized in the Margin Account Handbook and Margin Disclosure Document.

I,HAVE READ AND AGREE Margin/options ALL OF THE ABOVE. You definitely ameritrade to apply and go through the process, usually takes a couple days to get approval. Margin/options not sure how he could've managed to do that without being aware of it.

Who is online Users browsing this forum: Home Board index All times are UTC No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation.

"Sell to Open" Option Trade on TD Ameritrade