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Strategies & Market Trends : Margin Calls - Share The Pain
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To: daffodil who started this subject11/30/2000 6:44:53 AM
From: daffodil   of 158
 
How long do you have to meet a margin call?

For Regulation T calls on opening transactions, five business days unless the firm requests an extension.

For maintenance calls, the rules actually permit the firms 15 days to meet the call. Most firms use a 5-day period as on Reg T calls.

However, your margin agreement gives the firm the right to sell you out sooner. Although this can be contested, NASDR likes to stress this:

NASD Regulation - Margin Information

NASD Regulation - Understanding Margin Accounts, Why Brokers Do What They Do
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