Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: eims2000 who wrote (19085)	3/10/1999 12:48:00 PM
From: Barronio	Read Replies (2) of 122087

The $5 limit is your broker's reg, I think brokers do it that way so it coincides with the limit on marginable stocks and makes their bookkeeping easier. The SEC limit is lower; I have been told by a broker it's $3, so above that and you're still legal in the US. I once tried to find a reference on the web for the $3 figure but couldn't, probably just didn't look in the right place.

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