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Strategies & Market Trends : Tech Stock Options

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To: Trey McAtee who wrote (55639)	10/16/1998 12:36:00 AM
From: Trey McAtee	Read Replies (3) of 58727

all-- sorry about being so typorreaic today<G>, but i have one question for someone with much more knowledge than i. a client called to today and asked if i knew anything about mandated (i assume SEC and treasury) levels of equity for brokerage firms. apparently he tried to pull money out of one of his brokerage accounts today and the broker told him he could not since the firm was...'illiquid'. he explained that the firm did could not meet equity requirements because margins calls on some customers had not been met yet. my client asked what it meant, and i told him it sounded like the firm was close to going down. it is SIPC registered, and it isnt a lot of money (at least not for this guy) so its really not a big deal. i was just wondering if what the broker said, and what i told my client, was correct. TIA good luck to all, trey

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