Penson DOES NOT charge $200/$700 to sell TOFS. TOFS IS NOT on the DTCC ineligible list. It's on the Illiquid Securities list which is a whole different issue.
Info straight from Zecco.
You: Is TOFS on the non-DTCC eligible list OR the illiquid securities list?
Christian: Hello.
Christian: Sure. Let me check.
Christian: It is not on the DTC list but it is on the illiquid security list.