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Non-Tech : Ameritrade -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (311)10/20/1998 8:23:00 PM
From: John Liu  Respond to of 513
 
Does anyone know anything about Ameritrades Margin call policy. I just found out that stocks are only marginable up to $6.66. Isn't that pretty low compared to other brokerages? They also do not give much time to correct the imbalance.

Thinking of jumping ship to another broker.

John



To: AugustWest who wrote (311)10/23/1998 2:51:00 PM
From: Diamond Jim  Read Replies (1) | Respond to of 513
 
Just got off the phone with Ameritrade, I had an order in on the PC to buy 100 shares SPY at 107. Order status says I bought 1000 shares at 107, !!!!!

They said will take care of their error and back 900 shares out, is that because I don't have the $ to cover it or would they have stuck me with it and said too bad, if I had the $ in my account?

jim