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Biotech / Medical : Immunomedics (IMMU) - moderated -- Ignore unavailable to you. Want to Upgrade?

To: erickerickson who wrote (46149)	5/18/2018 8:56:10 PM
From: li3511	Read Replies (1) \| Respond to of 63276

> what do you mean "keep your IMMU shares in the cash side of the account"? That would be to me. If you open up a brokerage account, you don't automatically get margin trading privileges. If you apply for, and are granted margin trading, that's actually a second account. In the back office, the cash account may be your account number -1 (hyphen 1), while the margin account would be -2 (hyphen 2). If you call the brokerage, they can "journal" shares from one to the other. Here's a snippet from a monthly statement (edited for length): The first two stocks have an "M" next to them, meaning that they are held in the margin account. I can borrow money using these shares as collateral. IMMU on the other hand has no "M" because it's in the cash account. These shares don't count towards the amount I can borrow (they can't be used for collateral).