OCC Characteristics and Risks of Standardized Options
Prior to trading options, you must be approved for options trading and have read the OCC Characteristics and Risks of Standardized Options. A copy may also be requested from Regal Securities via mail.
Options Risk Disclosure
The customer understands that there are special risks associated with engaging in options transactions and that options can be volatile and could possibly subject the customer to a risk of total loss. Options are suitable only for knowledgeable investors who understand the risks inherent in such securities, have the financial capacity and willingness to incur losses, and have sufficient liquid assets to meet applicable margin requirements. The customer understands that options involve risk and are not suitable for all investors, and a current copy of the Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation (OCC) may be obtained from Success Trader. The customer confirms that he/she has received and read the booklet entitled Characteristics and Risks of Standardized Options in advance of having any options transactions entered in their account.
Approval levels
Options approval levels, and the strategies permitted at each, are determined by Regal Securities when your application is reviewed. Your approved level is confirmed to you in writing once your account is open.
Agreement and acknowledgment
You acknowledge that you have received, read, and understood the Options Risk Disclosure documents, and agree to indemnify and hold harmless Regal Securities and its agents and representatives for the results of trading in your account, and to pay Regal Securities and its agents and representatives, promptly on demand, for any and all losses, costs, or expenses incurred in connection with the use of the services (including any debit balance) as it relates to transactions in your account.