New Margin requirements Message Board

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Strategies & Market Trends : New Margin requirements

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To: Proton who wrote (14)	3/19/2000 4:55:00 PM
From: H-Man	Read Replies (2) of 20

SWS margin policy is standard practice for margin accounts. If i have 50 k in my account I can buy and sell 100k worth of stock as many times as I like, so long as at any one point time I have not exceeded 100k. (If you do this in a cash account, you may buy 50k worth of stock and sell it same day, but then you are done for the day) Every margin account is like this, (excepting non marginable stocks, which are determined by the broker and or clearing house) There is language in the new proposal that may change this. It is unclear and a satisfactory explaination is not available. However best I can tell under the proposal, you may only be able to buy and sell 4x your account value. In other words, a 50k account could buy 100k of stock 2 times. Then you are finished for the day. Again, the wording in this proposal is unclear, regarding this aspect.

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