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Strategies & Market Trends : Margin Calls - Share The Pain -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (74)	12/2/2000 9:27:13 AM
From: daffodil	Respond to of 158

Condor, firms can change their margin requirements across the board, by exchange, sector, or individual stock. They only thing they're not supposed to do is negotiate it for a particular customer (control/restricted stock being an exception; there may be others but that's the only one that occurs to me at the moment). They can accommodate a special customer by negotiating the margin rate, but not the requirements. It is good business practice to notify you when they change requirements. Some firms "grandfather" existing positions when they raise the requirement on Net stocks, for example. I think it would be really interesting for the board to hear from other people about how specific firms have handled raising requirements from time to time...on Net stocks this year, on options in April, etc.