Mark-up/Xxxx-down. When LPL buys from you or sells to you a security in a principal capacity, LPL receives a mark-up or mark- down on the transaction. This means, for example, if we sell the Plan a security at a price higher than what we paid, we will earn a mark-up. Conversely, if we buy a security from the Plan at a price lower than what we sell it for, LPL will receive a mark-down. Mark-up/down charges typically apply to transactions in bonds or other fixed-income securities. Details about a mark-up/down for a particular transaction will be furnished upon request. The maximum mark-up/down on a transaction with a customer that LPL receives when acting in a principal capacity is 0.5% of the value of the security as long as the value is greater than $1000. If the value of the security is less than $1000, the mark-up/down may exceed 0.5% but will not exceed $100. In many cases, this maximum 0.5% does not apply, and the actual mark-up/down percentage is lower based on factors such as quantity, price, type of security, maturity, etc. We expect the maximum LPL will earn as a mark-up or mark-down on a transaction in a SWM account is 0.375%. Details about a mark-up/down for a particular transaction will be furnished upon request.
Mark-up/Xxxx-down. When LPL buys from you or sells to you a security in a principal capacity, LPL receives a mark-up or mark- down on the transaction. This means, for example, if we sell the Plan a security at a price higher than what we paid, we will earn a mark-up. Conversely, if we buy a security from the Plan at a price lower than what we sell it for, LPL will receive a mark- down. Mark-up/down charges typically apply to transactions in bonds or other fixed-income securities. Details about a mark- up/down for a particular transaction will be furnished upon request. This compensation is shared between LPL and your Representative. The maximum mark-up/down on a transaction with a customer that we receive when acting in a principal capacity is typically 3.625% of the value of the security as long as the value is greater than $1000. If the value of the security is less than $1000, the mark-up/down may exceed 3.625%, but will not exceed $100. In many cases, this maximum does not apply, and the actual mark-up/down percentage is lower based on factors such as quantity, price, type of security, maturity, etc. For example, for corporate bonds, municipal bonds and mortgage backed securities, the maximum mark-up is typically 2.5%, and the mark-up declines as the term of the security decreases. For treasuries, agencies and certificates of deposit, the maximum mark-up is typically 2%. The mark-up schedules and maximum amounts may change over time.
Mark-up/Xxxx-down. When LPL buys from you or sells to you a security in a principal capacity, LPL receives a mark-up or mark- down on the transaction. This means, for example, if we sell the Plan a security at a price higher than what we paid, we will earn a mark-up. Conversely, if we buy a security from the Plan at a price lower than what we sell it for, LPL will receive a mark- down. Mark-up/down charges typically apply to transactions in bonds or other fixed-income securities. Details about a mark- up/down for a particular transaction will be furnished upon request. This compensation is shared between LPL and your Representative. The maximum mark-up/down on a transaction with a customer that LPL receive when acting in a principal capacity is 5% of the value of the security as long as the value is greater than $1000. If the value of the security is less than $1000, the mark-up/down may exceed 5% but will not exceed $100. In many cases, this maximum 5% does not apply, and the actual mark-up/down percentage is lower based on factors such as quantity, price, type of security, maturity, etc.
