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To: Mike S. who wrote (26818)	3/10/1999 9:58:00 PM
From: John NY	Respond to of 120523

Mike, I would call them. Maybe you bought on margin and your equity in the position fell below their percentage and this is their margin call? Unless it is an error.... I would be interested in what they say, I'm still looking for an additional service.... - John.

To: Mike S. who wrote (26818)	3/10/1999 10:21:00 PM
From: SMALL FRY	Read Replies (1) \| Respond to of 120523

It appears like a margin call... you must have fallen below your margin's buying power by that much. The "Free Ride" rule it appears is being invoked here. Just call them tomorrow and clear it up... most of these things can be cleared up by selling equivalent value of securities other than the ones in question. Remember some securities are considered "cash only" on some brokerages and this may have messed up your buying power calculations. SF

To: Mike S. who wrote (26818)	3/10/1999 10:27:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

It's a bit different than the letter I had.. but you MUST call them first thing in the morning even if you don't exactly understand the letter. that order is not from AB Watley but directly from the Federal Reserve Board.. The thing is, Mike, that I have not used margin in 2 1/2 years since I got my own letter.. When I came back to this country in 1987 I never even got a credit card and paid for everything with cash. When I was finally issued a credit card, by that time I got used to paying for everything with cash, so I don't like to loan money from anyone. If I used margin my buying power would probably so dang high and I know I'd go nuts with the computations of allowable margin. My letter cam on this official looking yellow page and scared the daylights out of me when I got it and it was on a Friday. But if you call them they will help you, either way if you wire them the money it will day about 3 hours for them to get it.. I never got the second part of your letter that speaks of restricting your account for 90 days. Sorry I can't help you any more but I'm sure others that use margin are more familiar with that sort of letter.