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4 Cards in this Set
- Front
- Back
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Initial
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$2000
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RegT INITIAL deposit req for LONG margin accounts
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1.Customer must deposit 50% of the purchase price or $2k,whichever is GREATER
EXCEPTION: If the full purchase cost is LESS than $2km the customer has to deposit full amount of puurchase -IF deposting securities, they must have the MV that is 2X the RegT requirement |
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RegT INITIAL requirements for a SHORT margin account
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1.Minimum is $2k,no exceptions
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Maintenance requirements for a SHORT sale of low priced stock
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Stock price Deposit
0-5 $2.5 a share or 100% of MV whichever is greater 5-17 $5 per share 17+ RegT(50%) |
