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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (98)	6/16/1999 6:02:00 PM
From: Manny	Respond to of 1413

No. You cannot purchase IPOs on margin.

To: Elroy who wrote (98)	6/17/1999 12:48:00 AM
From: DRL	Read Replies (1) \| Respond to of 1413

For what it is worth, Waterhouse told me if I have sufficient "buying power" in my account I can in effect by the IPO on margin. Here's why.. If I have no cash in the account, but say $500,000 in marginable securities, I could just write a check off the margin account and send it to Waterhouse to pay for the IPO. So therefore, if I have buying power, I can buy it on margin. But, the IPO is not marginable. This is they way I understood it to be based on my conversation with them. Any other thoughts.