Rocketstockpix Monday, 06/18/18 07:23:45 AM Re

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Rocketstockpix Monday, 06/18/18 07:23:45 AM
Re: janice shell post# 23603 0
Post # of 23820

All I have from ALPINE

Alpine Securities New Deposit Procedures
Good Afternoon, As many of you know Alpine will no longer be able to process transactions on an Ex-Clearing basis starting Friday April 13th. This will significantly impact the size of transactions which Alpine can clear. All transactions will need to be cleared thru NSCC via the CNS system. This may cause a significant impact on the amount of collateral which Alpine will need to post with DTCC/NSCC on a daily basis.

Unfortunately, Alpine does not have access to unlimited funds for this purpose. In order to manage this process, all trades will need to be pre-approved by Alpine’s risk management group prior to the entry of those trades. Alpine will need to measure the impact of any particular trade on what it’s deposit requirement will be in order to get the trade cleared. Generally speaking Alpine will not be able to process any more than 20% of the 20 day average volume in any over the counter security. All trades in a particular security are aggregated to get to the aforementioned 20% figure. In the event that a trade is entered and executed in the system prior to obtaining pre-approval the transaction will be subject to immediate buy-in. In the event that there is a loss it will be charged to your account. If there is a profit, it will be kept by Alpine. We believe that there will be the following immediate impacts due to this development: Business will need to significantly slow – This is because all prospective trades will need to get pre-approved prior to entry into the market There will be no more GTC orders accepted. Any order good for more than the day will not be allowed.

Transactions in Sub-Penny securities will no longer be allowed: Because NSCC imposes a Mark to Market charge of $.01 on all sub-penny transactions, without regard to volume, Alpine will no longer accept trades on sub-penny securities from your firm.

In order to obtain pre-approval you will need to send an email to the following address: pretradeapproval@alpine-securities.com. Please use the first attachment for these requests and include the House Account team on the email.

The second attachment is a calculator we developed to help you determine what you might be pre-approved for. Please know this calculator is for ESTIMATING PURPOSES ONLY and DOES NOT GUARANTEE you will get pre-approval for any trades as we might already be at our max. We anticipate installing a unique ticketing system in the near future in order to streamline this process.

As always we greatly appreciate your business and look forward to working with you all. Please don’t hesitate to ask any questions you may have. Thanks, Randy Jones Managing Director of Business Development Alpine Securities Corporation Member FINRA, NQX & SIPC 39 Exchange Pl. Salt Lake City, UT 84111 801-320-1335 (Direct) 801-875-3705 (Cell) 801-355-5742 (Fax)

Alpine charges deposit fees to deposit stock. Please see the fee schedule below. Debits must be paid within 30 days. Alpine brokers reserve the right to sell off enough shares to cover outstanding debits if they are not paid within 30 days of occurrence. There is a $75 minimum commission on all trades.

*Please see our FEE SCHEDULE below for ALL applicable fees. Included are stock deposit fees:

www.alpine-securities.com/alpine-docs/Alpine-Fee-Schedule.pdf *NON DTC DISCLOSURE for NON DTC ELIGIBLE stock: http://www.alpine-securities.com/alpine-docs/...Policy.pdf

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