How to Open an Account at Seven Mile Securities
Seven Mile Securities accepts deposits of OTC securities – including OTCQB, OTCQX and Pink.
All deposits are reviewed for compliance with the public resale provisions of U.S. securities laws. Clearing services are provided through various long-term counter-party relationships.
Account Opening Process
The first step is to contact our Client Relationship Team at info@sevenmilesecurities.com Or by calling +1 289 477 1000
We will then discuss your requirements and assist you through the account opening process to get your account operational. There are slightly different requirements for individual and corporate accounts – and we are happy to guide you through the process to ensure it’s easy and efficient.
Our focus is on understanding the requirements of our clients in order to generate the most productive and efficient transactional process.
Once your account application has been submitted and approved, your designated Client Relationship Officer will provide a clear explanation and requirements of the deposit process necessary for you to submit your stock deposits.
Legal and compliance review
Seven Mile Securities requires adequate transaction documentation to verify the free-trading status and lineage to the issuer of deposited shares.
We work regularly with legal advisors who are able to provide appropriate legal opinions. Please enquire directly with your Client Relationship Officer who will be happy to assist with this.
Once all of the necessary information has been provided and reviewed by Compliance – the deposit will be presented to our clearing firm for processing.
Trading
After the stock deposit has been processed by our associated custody and clearing firm, you will be informed that your shares are ready to trade allowing you to begin liquidating your position in the open market.
You can communicate directly with trade orders to you designated Client Relationship Officer. We have numerous traders available and will always be quick and efficient in executing your orders.
Clients can request account statements at any-time and we are able to provide these on demand. These statements will provide a detailed record of cash and equity balances – as well as a recent history of share sale transactions.
Remediation of Funds
Following clearing of share sales, a client can request a wire of from the proceeds of equity sales. We request that wire request are placed on Tuesday of each week and these are submitted within two days or receipt. Clients will generally receive funds within two days of the value date of processing.
How to Open an Account at Seven Mile Securities
Seven Mile Securities accepts deposits of OTC securities – including OTCQB, OTCQX and Pink.
All deposits are reviewed for compliance with the public resale provisions of U.S. securities laws. Clearing services are provided through various long-term counter-party relationships.
Account Opening Process
The first step is to contact our Client Relationship Team at info@sevenmilesecurities.com Or by calling +1 289 477 1000
We will then discuss your requirements and assist you through the account opening process to get your account operational. There are slightly different requirements for individual and corporate accounts – and we are happy to guide you through the process to ensure it’s easy and efficient.
Our focus is on understanding the requirements of our clients in order to generate the most productive and efficient transactional process.
Once your account application has been submitted and approved, your designated Client Relationship Officer will provide a clear explanation and requirements of the deposit process necessary for you to submit your stock deposits.
Legal and compliance review
Seven Mile Securities requires adequate transaction documentation to verify the free-trading status and lineage to the issuer of deposited shares.
We work regularly with legal advisors who are able to provide appropriate legal opinions. Please enquire directly with your Client Relationship Officer who will be happy to assist with this.
Once all of the necessary information has been provided and reviewed by Compliance – the deposit will be presented to our clearing firm for processing.
Trading
After the stock deposit has been processed by our associated custody and clearing firm, you will be informed that your shares are ready to trade allowing you to begin liquidating your position in the open market.
You can communicate directly with trade orders to you designated Client Relationship Officer. We have numerous traders available and will always be quick and efficient in executing your orders.
Clients can request account statements at any-time and we are able to provide these on demand. These statements will provide a detailed record of cash and equity balances – as well as a recent history of share sale transactions.
Remediation of Funds
Following clearing of share sales, a client can request a wire of from the proceeds of equity sales. We request that wire request are placed on Tuesday of each week and these are submitted within two days or receipt. Clients will generally receive funds within two days of the value date of processing.
