Generally most firms charge by the 'average daily balance carried"..so if you are flat 10 days but carry a debt 12 days they will use a formula based on the avg of these two for the month
Its been awhile...but how many clearing firms and wire houses were forced out or had to have government help? Lehman, merrill, goldman and others were under water and needed tarp to survive and penson did a fire sale , Emmet Larkin went under and oh thats right...i told everyone
....Its a combination of all of the posts....
take HLV for instance ( please take them! LOL)
1)they put up 1 million
The firm grants them 4X1 ( 4 million)
All that means is that intraday they cannot have more then 4 million in TOTAL open positions...and if they do a call would be...
...and yet, tomorrow Mary Shapiro of FINRA will be before the senate as the new SEC commiss......The good ol boy network continues and she will make sure that the elite on Wall street are kept safe all while preaching investor protection
ok...lets take a look at this...
the PDT rule......who did this protect? Nobody...what was the net affect? The DT industry was devoured and the largest Wall St. companies benefited with increased volume and less competition
Decimals......who did this protect? nobdoy....who did this...
Sighhhhhhhhhhh
this has NOTHING to do with tax revenue......this is nothing more then another attempt to drive the little guys out of business and force more volume into the the elite on wall street....think about it:
I will say this...Nearly EVERY elderly person I know who was diagnosed with high cholest. went on medication that was very expensive for 5-10 years....and in almsot EVERY case they still had to get the artery blown out and a stent put in .....makes you wonder if it would be cheaper to just have...