June 24, 2011: >>”NEW Penson Wide” Low Priced Securities Deposit Policy

After careful analysis and strong guidance from our regulators, and in response to the exorbitant additional requirements imposed by the depositories, we are modifying our policies to reflect a dramatically changed industry landscape.


Accordingly, effective immediately, PFSI has instituted the following changes to its securities processing policies.


PFSI will no longer accept deposits of equity securities traded on the Pink Sheet or OTC Bulletin Board markets priced below $0.10, to include but not limited to, utilizing the following methods of deposit:


1. Any form of Physical Certificate Deposit

   a. Through the Penson SPS application (Securities Processing System)

   b. Through the Transit System (TNST)

   c. Via Mail

2. DWAC (Deposit/Withdrawal at Custodian)

3. DRS (Direct Registration Service)

4. ACAT Transfer of Restricted Stock -although, we will continue to accept deposits of certain low priced securities without any restrictive legend via ACAT, we reserve the right to reject any account that has a concentration of low priced securities (Penny Stocks).


To the extent that PFSI has received qualifying certificates that have not been processed, we will return those certificates to you immediately.


We are also reviewing ongoing trading activity in accounts with large, low priced securities positions, especially positions established by the deposit of certificates in some way. On a case-by-case basis, we may be restricting sale activity in such accounts, or even closing accounts when necessary.

May 26, 2009: >>Bullentin Board & Pink Sheet Transaction Fee Notification "NITE"

Structural and transactional changes in the marketplace make it necessary for Knight Equity Markets L.P. "NITE" to assess fees in connection with the execution services that they provide. These charges are designed to offset the increased costs and to protect their ability to provide superior execution and customer service. Therefore effective on June 1, 2009, all orders that OCSI clients send to Knight in Bullentin Board and Pink Sheet securities that are priced below $1 (one dollar) per share will be subject to a transaction fee of .00004 per executed share. If you do not wish to pay this fee please route away from "NITE".

September 18, 2008: >>OC Securities, Inc. introduces its new Order Destination or Route "QUIK"

OC's new "QUIK" route is the destination to Dark Pools. Dark Pools have historically only been offered to institutional investors. Today OC Securities clientele can access Dark Pools through its new online "QUIK" route.