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  • tenkrk tenkrk Mar 2, 2006 10:59 AM Flag

    Ameritrade Change in Margin Requirement

    I called Ameritrade about the reported change in margin and yes they did change from 50% to 30% because of the called trading halt. For anyone who cannot put more into the account and must sell to cover, the timing really screws them since they have five trading days to cover. Trading days are days the market is open so if you have to sell to cover the call you must sell before the halt. Had they waited until the halt, with good news, there would not have been a problem. Their timing is perfect to screw the small investor who overextended.

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