Foreclosure - FCL. Share. What is 'Foreclosure - FCL'. A situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.
Vanguard structures its options trading with a base fee that is charged in conjunction with a fee per options contract. The base trade fee is $20.00, which is very high compared to other online brokers, and the fee charged per contract is $1.00.
FINRA will require that a broker-dealer maintain minimum net capital (which again varies depending on the manner in which the business is run, but the minimum is $5,000). And FINRA requires that broker-dealers keep 120% of their minimum net capital requirement in the broker-dealer â $6,000 therefore is the minimum.