For example, you may have been given stock as a gift, but it is not registered in your name. The certificate is sent to us unsigned. The securities are restricted stock, such as Rule 144 or 145, or they are considered legal transfer items. Once the shares of stock are shown in your account position online, you may enter a sell order. All accounts holding money or securities, regardless of activity receive quarterly account statements.
Statements are also available online within three business days after month end.
All trades are confirmed by mail and are processed no later than the next business day. A yearly 1099 will be mailed to the address of record by January 31 st of each year. All statements, confirmations and 1099's are important account records that should be reviewed immediately for accuracy and maintained by the customer for tax reporting purposes. Any discrepancies must be reported promptly to Marquette Financial Group. Margin Information Margin loans use fully-owned securities held in your Online Trading Account as collateral.