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Non-Tech : CYBERTRADER
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To: Dan Duchardt who wrote (3202)2/7/2000 6:09:00 PM
From: P.T.Burnem  Read Replies (1) of 3216
 
With Brown & Co, there is only one rule: the amount of stock sold in a single day may not exceed the account's equity at the day's open. There is no penalty for holding a position overnight.

I believe the text of NYSE Rule 431 is not available on-line. Your best bet is to call your broker's margin desk and inquire about their interpretation of Rule 431.
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