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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (11262)	6/2/2004 6:11:15 PM
From: Dominick	of 12617

Then the same ruling must apply to margin accounts. If a margin account has $50K cash and buys $100k of stocks, then they should not be able to use that $50k until T+3 because..."Fed staff interpretation from January 2000 that states a customer who sells a security on trade date to pay for another security purchased on that day does not have what is considered to be sufficient funds in the account"... dom

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