Discount Brokerage Services

In 1993, Nestlerode & Loy, Inc., established a discount brokerage operation under the name Discount Brokerage of Pennsylvania™. This offering was established to meet the concerns of investors in Central Pennsylvania who are knowledgeable and competent concerning their investments, do not need or want investment research, do not want or need the assistance of a registered representative, and desire a low cost alternative to full service brokerage. Discount Brokerage of Pennsylvania(tm) offers investors a low cost way to trade stocks. It is especially useful for those investors who like to trade securities often and in large quantities. Further, we established our discount operation with a highly qualified and knowledgeable investment professional that you can speak with and meet personally. If you desire to deal with people, not computers, we offer one of the best discount packages in the business.

• Client Account Lookup
• Rates
• Rules & Regulations
• Geographic Area
• Who We Associate With
• Download Forms

Client Account Lookup

This system allows you to do several helpful things to assist you in managing your investments:

1. You can establish a window to lookup quotes on your favorite stocks. You can build up to ten separate portfolios for stock quotes.
2. You can review outstanding orders you have placed which have not yet filled or executed.
3. You can review your current portfolio holdings.
4. You can review your trading history for the past twelve months.
5. You can change your user profile, including your password.

First Time Users
Welcome to the Investor Connect / Nestlerode & Loy, Inc. account lookup system. This system is being run in a beta mode that means that there might be a few rough edges that need to be corrected. Please bear with us in polishing up this service.

To use this system, you must first have your account initialized for data lookup. Please contact Kelly Walker at Discount Brokerage of Pennsylvania to have your account(s) authorized for computer access.

Once you have been authorized for access, your login is your Investor Connect Account Number. Your password is your taxpayer identification number or social security number. When you first use the system, we suggest that you change your password by entering the "Profile" command and following the instructions. Please keep your password secret. Please also note that Nestlerode & Loy, Inc. does not have access to your password and will not be able to assist you in finding a password you have lost or forgotten.

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Rates

1 - 1,000 shares
Our fee (not commission since we have no salespeople receiving a portion of the transaction fee) per transaction for up to and including 1,000 shares of any DTC eligible stock is $55.00, plus $5.00 postage and handling per transaction.

For example, our fee to trade 500 shares of a $50.00 stock is $60.00.
Our fee to trade 750 shares of a $200 stock is $60.00.
Our fee to trade 50 shares of a $10.00 stock is $60.00.

1,000 to 2,500 shares
Our fee is 5.5 cents per share, plus $5.00 postage and handling per transaction.

For example, to buy 1,500 shares of a $100 per share stock, would cost $82.50 + $5.00 or $87.50.

Over 2,500 shares
Our fee is 5 cents per share plus $5.00 postage and handling per transaction.

For example to buy or sell 10,000 shares of a $40.00 stock would cost just $500.00 plus $5.00 or $505.00.

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Rules & Regulations

Our trading fees as listed below are predicated upon several factors:

1. All securities are DTC eligible
2. Foreign securities, not DTC eligible, are not traded at the discount rates noted below.
3. All securities will be held in the client's account in street name and will not be issued in certificate form.
4. Securities that are being sold must be cleared and in the account before a sell order is accepted.
5. We do accept, but do not encourage, margin accounts with those investors who have demonstrated their sophistication in dealing with margin requirements.
6. Legal items (estates and trusts and the like) will be eligible for discount transactions only after all securities have been converted to street name and all legal requirements have been met.
7. We do not trade mutual funds at discount rates. Mutual funds, by contractual agreement, must be traded according to the requirements of the mutual fund prospectus and sell group agreement.
8. Other investments such as municipal bonds, treasury bonds, bills and notes, corporate bonds and certificates of deposit trade at fee amounts different from stock transactions. Please check with us for fees on these items.
9. We do not deal in options, commodities or futures.
10. Rates are subject to change without notice. Please check with our trades when entering orders to confirm our transaction rates.

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Geographic Area

Discount Brokerage of Pennsylvania™ is located in State College, Pennsylvania, USA, with offices at 430 West Irvin Avenue. The company is registered nationally with the Securities and Exchange Commission.

The company is also licensed in Connecticut, Florida, Michigan, New York, Ohio, Virginia, and the state of Washington.

Most of the states in the United States have securities commissions and various statutes which regulate the activity of broker / dealers and investment advisors. To the extent that Discount Brokerage of Pennsylvania™ is regulated by these states, we will endeavor to register in those states where sufficient business requires and justifies such registration, licensing and related fees. If you have any questions about doing business with our firm and you are located in a state or country where we are not registered, we invite you to contact Kelly Walker to discuss the matter further.

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Who We Associate With

Discount Brokerage of Pennsylvania Associates

Kelly Walker

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Download Forms

To open an account with us, please download the following forms, complete them and return them to our home office at the address listed. Please note, you must have Adobe Reader to open and print these .PDF files. Adobe Reader can be downloaded free from Adobe by clicking on "Get Adobe Reader" button below.

Download Adobe Reader
to view and print .PDF files.

Minimally, you must complete and sign the AGREEMENT form for accounts listed in one name only. For those accounts that are joint, as in husband and wife or in where two people who are partners in common, please add the JOINT agreement. Margin accounts require the MS agreement. IRA accounts additionally need the IRA agreement. IRA account cannot be margin accounts. Please see our IRA form for further explanation.

Download the forms here.

Please see our privacy policy.

IMPORTANT NOTICE

USA Patriot Act - Section 326 Customer Identification Requirements

In an effort to curb money laundering and terrorist financing, the PAtriot Act was passed on October 23, 2001 and is being implemented in phases. On October 1, 2003, financial institutions must be in compliance with Section 326 of the Act. Section 326 establishes minimum procedures for identification verification for all new accounts. Financial instituions are also required to compare customer information with denied party lists (containing known terrorists) provided by the US Treasury, US Commerce, and United Nations. These lists contain an estimated 9000 names.

As of October 1, 2003 all new accounts must include:

Name

Street Address (PO Box not permissible)

Tax ID or Social Security number

Birth Date for each person listed on the account

All new account holders' identities will be verified and checked against the denied party list. New investors who fail to provide the information listed above will need to adjust their applications immediately or face account closure or trading restrictions until they do so.

Thank you for your cooperation.

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