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7 Cards in this Set
- Front
- Back
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Once you determine the account is restricted:
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Work only with the trades that occur THAT DAY
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If a client sells in a restricted account:
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He is allowed to w/draw 50% of sale proceeds or SMA is credited
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If a client buys in a restricted account
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Client is required to deposit the RegT % of purchase price
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If a client sells more than they buy on the same day in a restricted account
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Client is allowed to wdraw 50% of the differenct
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If a client buys more than they sell on the same day in a restricted account
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Client is required to deposit RegT% of the difference
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If a client replaces a security w/ a different security on the same day in a restricted account
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The exchange must be $ for $
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If a client wishes to replace a security w/ cash on the same day in a restricted account
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Client must deposit cash equal to 50% of the value of the securities being wdrawn
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