Teletek: Big Earnings About To Be Posted Message Board

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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted

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To: modon who wrote (864)	4/18/1996 4:48:00 PM
From: Tango	of 1014

Folks: Marginable Securities.... The SEC has a list of all securities that are/are not marginable. Theoretically, all brokers must check with this list to see if the requested security is marginable or not. When the traders are busy on the floor they might not always check for this, as Tony mentioned. This results in a problem later on as happened with eTrade. Question is will they force him to sell within the allowable 3 days or cover for a week?... It would be a violation if they did let him keep the shares. I hope they do... Good Luck ! PS: NDB (my broker) checked this for me... Tango

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