You agree not to hold Schwab responsible for market fluctuations that may occur to the market price or settlement of your securities while your transaction is processed. You cannot amend or cancel a payment order after we receive it. You may change or remove your TCP at any time by contacting Schwab by phone, in writing, or through our website in the manner we designate. The Charles Schwab Corporation [2] is an American multinational financial services company. Charles Schwab & Co., Inc. is a member firm of the Financial Industry Regulatory Authority (FINRA). You alone are responsible for the taxes resulting from your trades, including any tax liability arising as a result of foreign legal obligations. Any orders communicated to us through these means will be considered to have been sent and authorized by you. You agree that we do not have any responsibility to issue a margin call, to liquidate positions in your account or to select the securities to be liquidated or the manner or timing of the liquidation in order to prevent or minimize losses to you. Orders for the after-hours trading session can be entered and will be eligible for execution beginning at 4:05 p.m. Such interest retained by Schwab shall generally be at money market rates. You are responsible for all debits, costs, commissions and losses arising from any actions we must take to liquidate or close transactions in your Schwab Account, or from your failure to make timely good delivery of securities. Whether or not you are assigned to an IBL, you may request service at an IBL branch just like any other branch (for example, if you are traveling). If the Non-Publicly Traded Security is not certificated, you agree that Schwab may remove the security from the Account by notifying the issuer to re-register the position in your name, or in the case of a retirement plan brokerage custodial account, in the name of the Trustee or other applicable plan fiduciary for benefit of the plan and remove Schwab as custodian. We will appoint an independent bank or broker-dealer, other than Charles Schwab & Co., Inc., to act as buying agent for automatic reinvestment of eligible cash distributions in SCHW stock. We reserve the right, but are not obligated, to place trading, disbursement and other restrictions on an account in the event we receive notice of a dispute among, or conflicting instructions from, joint account holders. You agree to pay all subscription, service and use fees, if any, that you are charged by Schwab or its designee for Schwab's Electronic Services. With the ongoing integration of TD Ameritrade, scheduled. Schwab regularly monitors the execution quality obtained to ensure orders are routed to market venues that have provided high-quality executions over time. When your account is first opened, Schwab will default the cost basis accounting method for open-end mutual funds to the Average Cost Method with the First In, First out (FIFO) Lot Selection Method, and for all other assets (i.e., equities, fixed income, options, etc.) It is your responsibility to verify with us the deadline by which you must place your order with Schwab to obtain the next price calculated. Previously, Christopher was a Technical Client Serv ice Specialist at Charles Schwab and also held positions at Skyline Technology Solutions. On the same day that the processing is completed, the amount of the distribution will be debited from your Account. Applicable rules, regulations, customs and usage of any exchange, market, clearinghouse or self-regulatory organization; Applicable federal and state laws, rules, regulations and treaties. It is calculated for each day by dividing the applicable margin interest rate by 360. Automatic reinvestment of your eligible cash distributions may give you interests in partial shares of securities, which we will calculate to four decimal places. We reserve the right to charge interest on debit balances in the Cash Account. Schwab will notify you in writing of changes to the terms of the Cash Features, changes to the Cash Features we make available, or a change in the Cash Features Program prior to the effective date of the proposed change. Schwab's services that provide the means to place trades electronically should not be construed as an endorsement or promotion of Day Trading. It is your responsibility to choose (or change) the appropriate cost basis accounting method for your tax situation. Weekly disbursements less than $100 will accrue in your account until the end of the month and you will be sent a check if the combined total equals $100 or more. You authorize us to purchase for your account shares of the securities you have selected for the Schwab StockBuilder Plan. Schwab is entitled to disclose your electronic communications to the same extent it may disclose other information about you or your account(s) as provided elsewhere in your Account Agreement(s). Schwab will inform you if your Account is assigned to an IBL in your geographic area. The age of custodianship termination varies by state, although many states set the maximum age for termination at 21. The securities in your account may be subject to mandatory and voluntary corporate actions. Schwab will not be liable to you if you are unable to access your account information or request a transaction through the Electronic Services. You agree to pay or receive the prevailing market price at the time your market order was executed, even if the execution market price is significantly higher or lower than you anticipated at the time you placed the order. But we will not be liable to you if, for any reason, a payment order is not amended or canceled. If there is a restriction on your account(s) at Schwab, your use of the Electronic Services' trading functions will be so restricted with respect to such account(s). You agree and acknowledge that when you use the Electronic Services, you, or you and an Investment Advisor other than Schwab, if you have one, are responsible for determining the nature, potential value of any particular investment strategy, transaction (including futures transactions) or security (including equities and options). Some of your collateral is or becomes restricted or non-negotiable or non-marginable. Clearly Erroneous Policy:Schwab may be subject to the Electronic Market's "clearly erroneous policies." If your Account is managed by an advisor, please contact your advisor directly or call Schwab Alliance at1-800-515-2157. Any such review should never be considered a recommendation to buy, sell, or hold the security. Your notice to us will not affect any obligations resulting from transactions initiated prior to our receipt of the notice. Automatic dividend reinvestment may give you a partial share position in securities that are callable in part. For Securities and Other Property that are lent by Schwab, the interest, dividends, or other payments made on such Securities and Other Property will go to the borrower. Attn: Document Control Alternatively, you authorize us, at our discretion, to charge such fees to a credit card account number that you have provided to us for this purpose. In addition, if you place a market order when the trading exchanges or marketplaces are closed, or for a security that has not traded on the public market before, you acknowledge that the security may open for trading at a price substantially higher or lower than the previous closing price or the anticipated price. Schwab may, in its sole discretion, remove particular securities from the list of securities that can be purchased using electronic services due to volatility or other market factors. A Free Credit Balance of one dollar ($1) or more in your Account on any Business Day will be swept into one or more banks or SchwabSweep Money Fund, as applicable, after the close of business on that Business Day and generally will not begin earning interest or dividends until the following Business Day. We can charge fees for sending a wire transfer. You agree to pay our brokerage commissions and transaction, processing and other fees as they exist from time to time and apply to your account for transactions and services you receive. Backup withholding is a tax withholding on specific types of payments for federal tax and state tax purposes. For securities transactions, this delay may cause a difference between the execution price and the displayed quote at the time the order was entered. Amendments will not affect rights or obligations either of us incur before the effective date of the amendment. Unless we otherwise agree with you in writing, Schwab does not monitor your Account and has no obligation to update any investment recommendation we give you. You understand that because there is generally no public or secondary market for Non-Publicly Traded Securities, the values reported on your Schwab statement may not represent market values. For accounts with the margin feature, Schwab reserves the right, but has no obligation, to negotiate with you or an advisor who manages a Schwab account for you, a different margin rate for your Account. If arbitration before the AAA is unavailable or impossible for any reason, the parties agree to have a court of competent jurisdiction appoint three (3) arbitrators to resolve any and all disputes or controversies between or among the parties. You will be connected to the appropriate page where you can choose account type and begin the online application. Notwithstanding the foregoing, with respect to any Account subject to the terms of this Agreement that is a retirement plan or retirement plan brokerage Account (including a Company Retirement Account ["CRA"] or Personal Choice Retirement Account["PCRA"]), Schwab may provide you (including independent Plan Trustees, Plan Sponsors, and/or other applicable plan fiduciaries or their agents) with notice of matters impacting your Account, which notice will include your direction, instruction, and authorization with respect to the action to be taken (or not to be taken, as applicable) with respect to the particular matter related to your Account. . If you have questions about the termination age, please consult your legal or tax adviser. The Securities Investor Protection Corporation (SIPC) provides up to $500,000 of protection in Accounts you hold in a separate Account capacity (for instance, as custodian, joint tenant or sole owner), with a limit of $250,000 for claims in cash balances. You understand that in order for Schwab's Electronic Services, including future services available from Schwab, to perform to your satisfaction, or at all, you are solely responsible for the hardware, software or other technology you use to access Schwab's Electronic Services. If you inform Schwab or Schwab has reason to believe that the security of your account password may be or has been compromised, we have the right to terminate your use of Electronic Services. You acknowledge that any documentation regarding a Non-Publicly Traded Security submitted to Schwab will be used solely for Schwab's internal operational purposes. By accessing or receiving Information, you agree that the liability of Schwab, the Information Providers, the Third-Party Research Providers or any other persons involved in transmitting Information arising out of any legal claim (whether in contract, tort or otherwise) in any way connected with Schwab's Electronic Services or Information will not exceed the amount you originally paid for the Electronic Services related to your claim. You further acknowledge that proceeds from the sale of your restricted/control securities may not be made available to you for withdrawal or trading purposes until Schwab receives what it, in its sole opinion, considers to be adequate verification that your restricted/control shares have been transferred or cleared for transfer. You agree that short sale transactions are subject to certain regulatory rules and cannot be executed under certain market conditions. The following provisions apply to wire transfers you send through Schwab. You understand that Schwab's ability to process cancellation requests will be impacted by market conditions and trading volumes, both of which are out of Schwab's control. If you are or become a director, 10% beneficial shareholder, policy-making officer or otherwise an "affiliate" (as defined in Rule 144 under the Securities Act of 1933) of a publicly traded company; or, If you are or become affiliated with or employed by a securities exchange, or corporation controlled by a securities exchange, or a member of a securities exchange or a securities association; or. Schwab, the Information Providers, the Third-Party Research Providers and the Information Transmitters shall have no liability to you for suspending or terminating your access to Schwab's Electronic Services; provided, however, that if Schwab's suspension or termination is without cause, Schwab will refund the pro rata portion of any fee you may have paid for the portion of the Information and/or Electronic Services not furnished to you as of the date of suspension or termination. Generally, the higher the volatility of a security, the greater its price swings. Notwithstanding the foregoing, with respect to any retirement plan brokerage custodial account (including a Company Retirement Account [CRA] or Personal Choice Retirement Account[PCRA]) subject to the terms of this Agreement, you as the plan's Trustee or other applicable plan fiduciary or agent, further acknowledge and agree that Schwab has no responsibility for determining whether any transaction or investment would constitute a prohibited transaction, generate unrelated business taxable income, or constitute a listed transaction or reportable transaction, as any of those foregoing terms are defined in the Internal Revenue Code and regulations thereunder, or to inform you of the consequences and/or reporting requirements with respect to such transactions. A short sale is a margin transaction subject to initial margin and margin maintenance requirements. Schwab will not be responsible for any delay or failure to provide the Electronic Services, including the execution of any securities order, in the event there is a restriction on your account, you lack sufficient funds in your account or you delay or fail to make a required cash or equity deposit. The Federal Reserve Board and various stock exchanges determine margin loan rules and regulations. The beneficiary may be you or another person. If you know or suspect that you have received an overpayment of funds or securities, or if you know or suspect that Schwab has not yet collected from your account a fee you have incurred, you agree to notify Schwab, in writing, as soon as you learn of the overpayment or uncollected fee. Like other Schwab representatives, IBLs will have access to customer information to help service accounts and sell Schwab products and services. We, or an intermediary bank, may send a payment order to an intermediary bank or a beneficiary's bank based solely on the bank identifying number, even if you provide us with a different bank name. The maximum share size is 25,000 shares in extended hours trading sessions. In some situations, we can find it necessary to require a higher level of equity in your account. You acknowledge that furnishing the necessary information and documents to Schwab does not constitute an order to buy/sell your restricted/control securities, and that you must place a separate order to buy/sell by telephone or using the Electronic Services. In terms of margin rates to borrow for investments, Charles Schwab is middle of the pack. Schwab processes your request to change or cancel an order on a best-efforts basis only and will not be liable to you if Schwab is unable to change or cancel your order. Only one security or a large concentration of one or more securities; or, Low-priced, thinly traded or volatile securities; or if. Such terms and conditions, when accepted by you as indicated either by your actions or express acknowledgment, become part of your Account Agreement with Schwab, and you agree to abide by the requirements of those terms and conditions. You agree immediately to notify Schwab if you become aware of: You acknowledge that data, including email, electronic communications and personal financial data, may be accessed by unauthorized third parties when communicated between you and Schwab, Information Providers or Information Transmitters, using the Internet, other network communications facilities, telephone or any other electronic means. You authorize us to place a temporary hold on disbursements of funds or securities from your account or, in some cases, a temporary hold on transactions if Schwab reasonably believes financial exploitation has been attempted or has occurred in your account or in other circumstances we believe are necessary for your protection. You agree that you will not use the Information for any unlawful purpose. You further agree to be responsible for all costs and commissions related to such liquidations. Day Trading is buying and selling the same security on the same day, excluding: Day Traders are subject to a number of strict requirements. The following applies only to account holders who add or remove the Schwab StockBuilder Planwith respect to stock of The Charles Schwab Corporation ("SCHW") held in their Schwab Account. This provision applies if your Account is managed by an advisor and you have granted your advisor "trading and disbursement" authority and instructed Schwab (either on a form or otherwise) to accept that authority. Attempting to cancel and replace or change a market order through the Electronic Services can result in the execution of duplicate orders, which ultimately are your responsibility. In particular, you agree that Schwab's policies and procedures on minimum investment requirements, exchange of fund shares, dividend accrual and date for payment of accrued dividends upon redemption of a daily dividend fund may vary from those applicable to direct fund shareholders. If you request a Schwab MoneyLinktransfer from your Account to another financial institution: (i)the amount of the transfer will be debited from your Account on the day that the transfer process is commenced; (ii)the funds will be received by the other financial institution within one to two Business Days of the date the transfer process is commenced; and (iii)you agree and acknowledge that Schwab may earn interest on that amount beginning on the date your Account is debited and ending on the date the Electronic Fund Transfer is received by the other financial institution and thereby debited from Schwab's bank account. Schwab reserves the right to stop paying interest on your Account, change your Cash Feature, close your Account, or take any other action if Schwab, in its discretion, concludes that your Free Credit Balances are maintained solely for the purpose of receiving interest. Your price per share will be the weighted average price of all SCHW shares purchased for Schwab StockBuilder Planparticipants by the buying agent with the funds from a particular eligible cash distribution. Neither we nor the market data providers will be liable for interruptions in the availability of market data or your access to market data. We may provide you with one or more numbers, passwords, tokens, challenge questions, and/or other means of identification and authentication (collectively, a "Password") in connection with our wire transfer service. You acknowledge that Schwab will be relying on your investigation into these matters in considering your request to hold a Non-Publicly Traded Security in your Account. You agree that Schwab will not be responsible for, and cannot monitor, your advisor's use of the TCP information. It may not be possible to notify you of a margin call or allow any time to deposit additional collateral. When you buy securities on margin, or enter into short sales or short options, you are borrowing money from Schwab for part of your transactions. If you tell us orally, we may require you to send us your complaint or question in writing within 10 Business Days. You agree we may charge your Account a processing fee for processing any court order, garnishment, levy, subpoena, or other legal process Schwab receives in connection with your Account. Market orders will not be accepted. Day Trading can be very risky and is not appropriate for customers with limited resources, limited investment or trading experience, or a low risk tolerance. We may impose anytime and without prior notice more stringent requirements on positions that in our sole discretion involve higher levels of risk; for example, higher limits may apply for thinly traded, speculative or volatile securities, or concentrated positions of securities. The beneficiary's bank (including us when we are the beneficiary's bank) may make payment to the beneficiary based solely on the account or other identifying number you provide, even if the name on the payment order differs from the name on the account. Schwab will provide you with written confirmation of trades that are executed in your account as required under SEC Rule 10(b)-10. If any assets held in your account generate unrelated business taxable income (UBTI), you have the sole responsibility for reporting such income to the Internal Revenue Service (IRS) and any other tax authorities and for complying with any other tax filing requirements resulting from receipt of such unrelated business taxable income. We will tell you the results within three Business Days after completing our investigation. Their rates start at 8.325% for loans up to $25,000 and go down the more you borrow, with the lowest rate . Overnight Delivery: Schwab Charitable 1958 Summit Park . You understand that Schwab does not verify or confirm such valuations and makes no representations that the values are reasonable, are accurate, or reflect your actual holdings. Before you submit a short sale order, you will be notified of the current cost of borrowing those shares. Similarly, important financial information is frequently announced outside of regular trading hours. The Electronic Services you access by computer provide you with the capability to send electronic communications, such as email, directly to Schwab and interact within applicable areas of the Electronic Services. During non-business hours or during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons, access to a Schwab representative via the phone channel may be limited or unavailable. You agree to maintain in your Margin and Short Account collateral of the type and amount required by: Whenever it is necessary for our protection or to satisfy a margin call, deficiency, debit or other obligation owed us, we can (but are not required to) sell, assign and deliver all or any part of the Securities and Other Property securing your obligations, or close any or all transactions in your Schwab Account. Arbitration Agreement. Please read this important information carefully. You may contact the FINRA public hotline at1-800-289-9999or on the Internet atwww.finra.org. In such event, we can receive compensation for the use of such securities. Any controversy or claim arising out of or relating to (i)this Agreement, any other agreement with Schwab, an instruction or authorization provided to Schwab or the breach of any such agreements, instructions, or authorizations; (ii)the Account, any other Schwab account or Services; (iii)transactions in the Account or any other Schwab account; (iv)or in any way arising from the relationship with Schwab, its parent, subsidiaries, affiliates, officers, directors, employees, agents or service providers ("Related Third Parties"), including any controversy over the arbitrability of a dispute, will be settled by arbitration. You agree to indemnify and hold harmless Schwab, its affiliates, and their directors, officers, employees, and agents from and against all claims, actions, costs, and liabilities, including attorney's fees, arising out of or relating to: Schwab contacting your TCP; Schwab putting a temporary hold on disbursements of funds and/or securities from your account; and Schwab not contacting your TCP or placing temporary holds on disbursements of funds and/or securities from your account. This obligation will survive the termination of this Agreement. Disclosure of Potential RelationshipsSchwab and/or its employees or directors, as well as consultants to Schwab, may have, or may have clients with, positions in securities or companies referenced in Information, including Research Reports, and may, as principal or agent, buy from or sell to customers. Schwab does not promote directly or indirectly what is commonly referred to as "Day Trading." You agree that these principles do not apply to your specific circumstances or take into account your comprehensive tax or estate planning situation. Upon receiving a payment order from you by the applicable cutoff time, we will act on the payment order by transmitting payment instructions to the applicable bank. Brokerage products and services are offered by Charles Schwab & Co., Inc., Member SIPC. For accounts managed by an advisor, any and all authorizations you grant to your advisor or other third parties with respect to your Account will apply to the successors and assigns of such advisor or other third party, subject to limitations of applicable law. As such, we are required to inform you of the availability of a FINRA Investor Brochure, which includes information on the FINRA Public Disclosure Program. This information may also be shared with other companies to support your transactions with us and for identity verification and fraud avoidance purposes. You can also be charged a fund's redemption fee that would not be imposed by the fund on direct shareholders holding fund shares under the same circumstances. In 2020, he gave millions to the Congressional Leadership Fund, a super. Choose from: Show a system tray notification: Displays the message or subject of the message for 5 seconds in the lower right corner of your primary monitor.