Recent content by LionSec

Disgusted... Closing account

>So they want to keep you as a customer so that they can take >$15 every quarter untill it's empty...from then on it's free to >have a dormant account... How can one think of that? When it is empty, they will charge you the 15$ plus interest. "All inactive accounts with balances below...

Read here: http://www.datek.com/advantage/feesch.html "All inactive accounts with balances below $15.00 will be charged the remaining account balance plus accrued interest."

There are auctions on the german market? hehe

Yes the new rules are fully implemented next month. But even then, IB won't give you 4:1 or daytrading in cash accounts.

Interesting question... If more then 6% of your positions get stopped out same day you opened the position, you are a pattern day trader based on the new rules.

Datek gives 4:1 to EVERYONE! What is IB going to do now?

No problem... You may want to read these two: The New Daytrading Margin Rules: A Primer By Diane Hess http://www.thestreet.com/_yahoo/markets/taleofthetape/1525781.html Some Guns Will Be Holstered Under New Margin Rules for Daytraders By Diane Hess...

I guess they will only change their attitude towards daytraders when enough of us leave them.

NYSE, Nasdaq margin requirements for day traders rise to 25,000 usd From RBC NEWS, August 27th, 2001 Section: MARKETS NEW YORK (AFX) - Day traders will be required to have a minimum of 25,000 usd on deposit in margin accounts to buy shares traded on the New York Stock Exchange...

COMPANIES & FINANCE INTERNATIONAL: NYSE changes borrowing rules NEWS DIGEST From FINANCIAL TIMES, August 28th, 2001 By JOHN LABATE NYSE changes borrowing rules The New York Stock Exchange's long-awaited rule change for margin lending practices by day traders took effect...

GLOBAL INVESTING: NYSE rules for day traders come under fire NEW MEASURES SEEN BY SOME AS TOO LATE: From FINANCIAL TIMES, August 28th, 2001 By JOHN LABATE The New York Stock Exchange's new margin lending rules for day traders, which went into effect yesterday, were designed to help...

NYSE's margin lending rules for day traders come under fire From FINANCIAL TIMES, August 28th, 2001 BY JOHN LABATE IN NEW YORK The New York Stock Exchange's new margin lending rules for day traders, which went into effect on Monday, were designed to help small investors who were...

New day trader rules From THE TIMES, August 28th, 2001 Chris Ayres The New York Stock Exchange yesterday unveiled rules aimed at raising the stakes for amateur day traders -the high-adrenalin US investors who dip in and out of stocks in the hope of making a fast buck. The exchange...

NYSE HITS DAY TRADERS WITH TIGHTER MARGIN RULE From WALL STREET JOURNAL, August 27th, 2001 By AARON ELSTEIN New York Stock Exchange, starting today, will require day traders to hold minimum $25,000, up from as little as $2,000, in their margin accounts to trade NYSE stocks; similar...