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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Jesse Livermore who wrote (41510)7/25/1999 2:03:00 PM
From: Mama Bear  Read Replies (1) of 122087
 
Jesse, perhaps you were misinformed. It is a popular urban myth that you are quoting. Both the requirement for marginability and the arbitrary $5 level are house rules imposed by the broker, not statutory. From Yamner & Co's head trader: #reply-8821278 in response to this: #reply-8811212.

Quoting Liz Heese, OTC BB Regs Deartment: #reply-10213106

Hope this helps,

Barb
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