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Pastimes : All Clowns Must Be Destroyed
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To: IceShark who wrote (14308)3/3/2000 9:25:00 AM
From: Ilaine  Read Replies (3) of 42523
 
Question - if someone (not me, thank goodness) has a margin account, and the brokerage raises the margin limit for the particular stocks in the account, and gives the account holder four days to either put up more money or face liquidation, can the account holder just transfer the account to another broker who has a lower margin limit?

An even more basic question - can you transfer your margin account when you owe the broker money, even without a margin call - I mean, do you just owe the broker the money, or does he treat the stock as collateral, which is what I've always assumed it is, and retain it to secure the loan?
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