Patent ID: 6968317
Filing Date: 2005-11-22
Classification: G06Q

Abstract:
1. A method for opening an on-line brokerage account, comprising: opening an on-line brokerage account for a user based on account information received from the user, the on-line brokerage account having one or more restrictions, wherein the account information includes at least the following the user's name, the user's social security number, the user's home address, the user's level of investment knowledge, and the user's approximate annual income; generating a non-alterable application based on the account information; electronically presenting the user with the non-alterable application, and presenting the user with a click-through agreement setting forth the terms of the on-line brokerage account; receiving an input from the user indicating an agreement from the user to the terms of the click-through agreement; wherein the opening of the on-line brokerage account is done in response to the receiving the input from the user indicating agreement with the click-through agreement, and initially the on-line brokerage account is subject to one or more restrictions; performing a review of the account information to determine if it complies with rules and regulations of the Securities and Exchange Commission; if the review of the account information determines that the account information complies with the rules and regulations of the Securities and Exchange Commission removing said one or more restrictions from the on-line brokerage account; assigning the user an account identifier to the on-line brokerage account; assigning the user a password to access the on-line brokerage account; and providing the user with access to on-line brokerage account prior to the removing of said one or more restrictions; wherein the one or more restrictions comprise one or more of preventing the user from trading securities, and preventing the user from funding the brokerage account.