Method and apparatus for a new accounts program
First Claim
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1. A method for opening an on-line brokerage account, comprising:
- electronically presenting by a central server a user with a non-alterable filled in application, which includes account information, for the on-line brokerage account, and a click-through agreement setting forth the terms of the on-line brokerage account;
receiving by the central server an indication that the user agrees with the click-through agreement;
opening the on-line brokerage account by the central server so that the opened on-line brokerage account is initially subject to one or more restrictions;
providing by the central server the user with access to the on-line brokerage account, while it is initially subject to one or more restrictions;
wherein when the user accesses the on-line account while it is subject to one or more restrictions, the user is prevented from trading securities in the on-line account, but the user can use the on-line brokerage account while is subject to one or more restrictions, to research different securities, and set up a watchlist to track different securities; and
reviewing account information, and upon a successful review of the account information removing the one or more restrictions from the on-line brokerage account, wherein the successful review includes an approval;
wherein if the reviewing the account information results in an unsuccessful review, performing an additional review of the account information for approval and determining whether to remove a subset of the one or more restrictions from the on-line brokerage account.
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Abstract
A method for opening an on-line brokerage account includes the steps of opening an on-line brokerage account for a user based on account information received from the user, the on-line brokerage account having one or more restrictions, generating an application based on the account information: requesting that the user submit required information with the application within a predetermined time to remove the one or more restrictions from the on-line brokerage account, and removing said one or more restrictions from the on-line brokerage account when the application including the required information is received within the predetermined time.
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Citations
24 Claims
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1. A method for opening an on-line brokerage account, comprising:
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electronically presenting by a central server a user with a non-alterable filled in application, which includes account information, for the on-line brokerage account, and a click-through agreement setting forth the terms of the on-line brokerage account; receiving by the central server an indication that the user agrees with the click-through agreement; opening the on-line brokerage account by the central server so that the opened on-line brokerage account is initially subject to one or more restrictions; providing by the central server the user with access to the on-line brokerage account, while it is initially subject to one or more restrictions; wherein when the user accesses the on-line account while it is subject to one or more restrictions, the user is prevented from trading securities in the on-line account, but the user can use the on-line brokerage account while is subject to one or more restrictions, to research different securities, and set up a watchlist to track different securities; and reviewing account information, and upon a successful review of the account information removing the one or more restrictions from the on-line brokerage account, wherein the successful review includes an approval; wherein if the reviewing the account information results in an unsuccessful review, performing an additional review of the account information for approval and determining whether to remove a subset of the one or more restrictions from the on-line brokerage account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method for opening an on-line brokerage account, comprising:
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electronically presenting by a central server a user with a filled in brokerage account application for the on-line brokerage account, wherein the application contains account information for the on-line brokerage account, and includes a plurality of terms for the on-line brokerage account; receiving by a central server an indication that the user agrees with the plurality of terms for the on-line brokerage account; opening the on-line brokerage account; providing by the central server the on-line brokerage account with features which require for activation a signature card, signed by the user; providing by the central server the user with electronic access to a signature card form, so that the user can print out the signature card form; sending a reminder to the user if the signature card form has not been received after a particular period of time; and upon receipt of the signed signature card signed by the user activating features of the on-line account which require a signed signature card from the user. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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Specification