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To: edamo who wrote (602)1/3/2000 7:11:00 PM
From: taxman  Respond to of 8096
 
Fed Calls - Occurs when Regulation T has been broken due to a purchase of a security where the firm has provided more than 50% of the purchase price. The customer has three days from the purchase date to bring the share of the purchase to 50%. The customer can expedite a check to the firm or sell the amount of stock necessary to bring the share to the required 50%. Extensions can be filed, but the 50% needs to be covered or the firm will sell out the position.

information on what happens when cash not in the account.

regards

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