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To: dennis michael patterson who wrote (40427)2/16/2000 2:26:00 PM
From: Doo  Read Replies (2) | Respond to of 99985
 
uh......because you are presumed to know the law, the SEC and IRS regs and the limitations and restrictions on your IRA account, maybe?



To: dennis michael patterson who wrote (40427)2/16/2000 2:33:00 PM
From: OX  Read Replies (1) | Respond to of 99985
 
i believe they restrict your acct (and make you talk to a broker) so that she will do the regT calcs for you.
i don't believe talking to a live broker will let you skirt the rules.



To: dennis michael patterson who wrote (40427)2/16/2000 2:33:00 PM
From: Tim O.  Read Replies (1) | Respond to of 99985
 
it's called free-riding. i believe that you can trade as much as your opening buying power, but you can't use the gains from a daytrade as buying power.


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