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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Duchardt who wrote (6744)1/31/2000 1:23:00 AM
From: KFE  Read Replies (1) of 18137
 
Dan,

I think that what you are searching for is found in NASD rule 2520 and NYSE rule 431. They cover the intraday risk allowed. This NASD notice to members should also help you

nasdr.com

IRA account and margin.
I don't believe that an IRA is prohibited in a margin account but rather it is the use of margin (creating a loan or pledging securities) that is prohibited.

A similar reason is why OTCBB stocks can be shorted. No margin value but can be done in short account.


Regards,

Ken
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