• OptionsHouse's Trading Confirmation Terms and Conditions

OptionsHouse, LLC (OptionsHouse) is an introducing broker and has contracted Penson Financial Services, Inc. (PFSI) to carry your account and serve as clearing broker. If you have any questions regarding the transactions detailed in this confirmation, please contact customer service. Your transactions are subject to the following terms and conditions:

1. All orders are received and executed subject to the rules, regulations, custom and usages of the exchange or market where the order is entered, clearing house, if any, and the provisions of the Securities Exchange Act of 1934, and the rules and regulation of the SEC, FINRA, MSRB.
2. All securities purchased or received for your account and not paid for in full may be loaned by PFSI, used in making deliveries or substitutions, or may be pledged either separately or together with other securities, either for the sum due thereon, or for a greater sum without retaining for delivery a like amount of similar securities, all without further notice to you and with your consent, which is hereby specifically given. In the interim of receiving payment for securities purchased, these securities are or may be hypothecated under circumstances which will permit the commingling thereof with securities carried for the account of other customers.
3. OptionsHouse or PFSI may, whenever in the judgment of either it appears necessary for its protection, and without further notice, close your account in whole or in part, through a public or private transaction, by selling the securities therein held, or by buying any securities therein held short, or for which you have failed to make delivery following a sale. You shall at all time be liable for, and shall pay on demand the amount of any debit balance or other obligation owing in any of your accounts with PFSI including any deficiency. If payment is not received by settlement date shown on this confirm, interest may be charged at the margin interest rate.
4. Reports of the execution of orders and statements of the account will be conclusive if not objected to by you in writing, the former within five days, and the latter within ten days after forwarding such report or statement to you by mail or otherwise. The time of the execution of these transactions will be furnished upon your written request, and if OptionsHouse or PFSI acted as your agent, the name of the other party to the transaction will be furnished upon your written request. Transaction data on average priced trades is available upon request.
5. From time to time there may be circumstances where either OptionsHouse, LCC or PFSI receive remuneration for directing orders to particular brokers/dealers or market centers for execution. When such remuneration is received, it is considered compensation to the firm involved and the source and nature of any compensation received by the firm involved in connection with your transaction will be disclosed upon written request. OptionsHouse, PFSI, and their respective officers, directors, representatives and employees may from time to time have a long or short position and buy or sell securities herein this confirmation.
6. All transactions on this confirmation are presumed to be unsolicited unless noted on this trade confirmation.
7. All information given by PFSI, or its representatives as to the financial or other responsibility of individuals, forms or corporations, or as to values or prospects of stocks, bonds or other property, or other similar information is based on opinion only and neither PFSI nor its representatives assumes responsibility of any kind thereof.
8. You agree to promptly pay or deliver, in good delivery form to PFSI any dividend, interest or distribution, whether in cash, stock, rights or other property, received by you after a sale is made before an ex-dividend date, ex-interest, ex-rights or ex-distribution date applicable to such dividend, interest or distribution.
9. To the extent that the bonds described on your confirmation may have been assigned a rating by one or more rating companies, an explanation of the significance of such rating, if any, should be obtained from the appropriate rating company. A rating, if assigned, reflects only the view of the company assigning the rating and no representation is made as to the appropriateness of such rating. There is no assurance that any rating, if assigned, will continue for any given period of time or that it will not be revised downward or withdrawn entirely, by the rating company, if in the rating company's judgment, circumstances so warrant. To the extent the bonds described herein may be redeemed in whole or in part before maturity, such redemption could affect the yield represented. Additional information is available upon request.
10. The responsibility to cancel an existing open order rests with you. Any transactions which result from the execution of any order which you have not instructed us to cancel will be entered into your account.
11. This agreement shall be construed in accordance with the laws of the State of Texas.

Please click here to view OptionsHouse Disclosure with Respect to Payment for Order Flow.