Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: marginmike who wrote (106766)	10/11/2001 1:53:54 PM
From: JohnG	Read Replies (2) of 152472

MM. Need a little help here. Just learned that SSB screwed a relative of mine out of apx 1/3 of his QCOM stock on a margin issue. Maint of margin is 60% at SSB on this stock as far as I know. When he exceeded that they claimed it was an SEC rule that, due to his concentrated position, he had to sell $3 worth of stock for every $1 he was over the Maint of margin limit. I am wondering if this is a SEC rule or just some SSB rule they sprung on him. Any help from any direction would be appreciated. I am really pissed to see SSB preying on older foks and, if they are lying, would like to have a piece of them. JohnG

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