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To: LTBH who wrote (3812)4/22/1998 6:29:00 PM
From: Dominick  Respond to of 12617
 
Networm:
As I understand it Rule 431, which concerns maintenance calls and adjustments to buying power is a very complex issue. There's going to be a revision in about 6 weeks. The rule is in hot dispute because NYSE & NASDAQ are supposed to be operating under the same rule, yet NASDAQ is not.

Some clearing firms may require extra cash be there, others do not.
I believe there's even lawsuits concerning this issue.

You'll have to talk with the compliance officer of the firm your dealing with. It's their call.

Sorry I couldn't be of more help.

Dominick