To successfully deposit your stock certificate, please read the following instruction.
For OTC Stock Certificate Deposit, we will require all the following documentation:
1.) A Stock Power with original signature (The stock power must be signed by the account holder. The original form must be delivered to our offices. We always recommend sending certificates by courier)
2.) The Heightened Risk Security Deposits Client Acknowledgement (this form may be scanned and emailed or faxed to us)
3.) The Axos Clearing Heightened Risk Security Policy Questionnaire (this form may be scanned and emailed or faxed to us)
4.) Original stock certificate (The original must be delivered to our offices, and we always recommend sending certificates by courier)
5.) The Seller’s Letter needs to be signed off on by the client (this form may be scanned and emailed or faxed to us)
6.) The Physical Certificate deposit attestation (The original must be delivered to our offices, and we always recommend sending certificates by courier)
7.) A copy of the purchase agreement or any other document elaborating on the way you have acquired your stock purchase.
8.) A check in the amount of $2,000.00 made out to Axos Clearing. This is to cover the cost of stock processing.
Axos Clearing will not accept a third party check or a money order. Be sure to send a cashier’s check or a check that is not 3rd party. You can also wire $2,000 directly to
9.) A copy of bank account receipt when you wire money to complete
10.) Regulation 144 legal opinion for issuing the stock.
Please send copies of everything before you send in originals. We need to review the paperwork first to make sure we have everything we need as we are not allowed to hold stock certificates in the office.
Network 1 Financial Securities, Inc.
2 Bridge Avenue
Red Bank, NJ 07701