Percentages

12b-1 fee limit for no-load fund

Cannot exceed 0.25% (25 basis points) of average net assets annually.

Minimum equity maintenance in a long margin account (NYSE)

25%

IRA insufficient distribution penalty

25%

12b-1 fee limit for marketing/distribution expenses

Cannot exceed 0.75% of average net assets annually.

Federal Reserve Regulation T deposit requirement

50% of purchase price in a long margin account or short sale.

FINRA guideline for mark-ups/mark-downs/commissions

5% guideline.

Minimum REIT income from real estate

75% of income must come from real estate-related activities.

IRA excess contribution penalty

6% penalty tax.

Minimum REIT income distribution to shareholders

90% of income.

Maximum mutual fund sales charge under FINRA

8.5%.

Maximum mutual fund sales charge under Investment Company Act of 1940

9%.

Options margin requirement

100% of premium must always be paid (options cannot be bought on margin).

Traditional IRA contributions

Allowed annually up to 100% of earned income, subject to limits.

Early withdrawal penalty for IRA

10%.

Principal stockholder definition

Owns more than 10% of a company’s outstanding shares.

Rehypothecation limit

Broker-dealers may use up to 140% of a customer’s debit balance as collateral for bank loans.