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 |