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Dear Client,
Effective 11/05/2015 , Scottrade will begin assessing short sale rebate fees
to your account.
Short sale rebate fees represent the market cost of borrowing stock to
facilitate a short sale position, and may be applicable when you sell a
stock short or when a put option is exercised. The amount of the fee is
based upon demand in the securities lending market, and may fluctuate daily.
Short sale rebate fees will begin to accrue upon settlement of the short
sale and will cease upon settlement of the covering purchase. The fee will
be passed along to your account daily and will be reflected in your account
activity as "Short Sale Rebate Fee."
Dear Client,
Effective 11/05/2015 , Scottrade will begin assessing short sale rebate fees
to your account.
Short sale rebate fees represent the market cost of borrowing stock to
facilitate a short sale position, and may be applicable when you sell a
stock short or when a put option is exercised. The amount of the fee is
based upon demand in the securities lending market, and may fluctuate daily.
Short sale rebate fees will begin to accrue upon settlement of the short
sale and will cease upon settlement of the covering purchase. The fee will
be passed along to your account daily and will be reflected in your account
activity as "Short Sale Rebate Fee."
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