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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: kfdkfd who wrote (9991)1/30/1998 9:33:00 AM
From: deltarider  Read Replies (1) of 31646
 
TO ALL:

I have a contact at a major regional brokerage house who has contacted the FRB directly. (Her firm does occaisionally allow margin on FRB-approved securities that have yet to achieve NMS status.) The word from the FRB, at 4:30pm yesterday afternoon, was that TPRO is NOT approved for marginability.

As a caveat, there is always a possibility that this is a miscommunication, but it doesn't seem likely. Just wanting to watch out for those who may be in Fed call territory if this proves true. Check it out.
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