Some new fees from TDA…

Dear Valued Client,

We want to let you know about a change in policy that will affect trading fees in your account.

Some cash-settled index options carry additional proprietary fees, which are charged directly by options exchanges. Until now, TD Ameritrade has covered your pass-through index options fees.* Beginning on or after January, 2, 2020, we will no longer cover those fees. This policy is consistent with other brokerage firms in the industry.

See below for the fees that will be assessed, per contract traded, for various index options. These fees are subject to change as directed by the exchanges.

These fees will be charged on a per-trade basis.

They will be listed in the “Misc. Fees” field on each trade confirmation and on the TD Ameritrade website.

There are a number of alternative products, such as ETFs, that seek to replicate and track benchmark indices such as the S&P 500. Please visit the ETF Market Center on tdameritrade.com to search for these alternatives.

If you have any questions, please let us know. You can reply to this message to write us, or call Trader Services at 800-672-2098. We’re available 24 hours a day, seven days a week.

Sincerely,

TD Ameritrade Trader Services

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