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I know lots of people around here seem to like hating on IB's customer service. Perhaps that was more justified many years ago, but I thought I'd share a good experience I had recently. I had a small holding in an obscure nontraded security with a deadline to exercise it or it would be...

Post trade issues in US equities are very rare, aside from days like the flash crash. Google the term "clearly erroneous" and the exchange rules around that and you can figure out what situations to avoid. Bonds on the other hand are a mess and I've had lots of problems, likely due to some...

Asking for a friend? I do know, but this information would be mostly used in conjunction with penny stock fraud or market manipulation. The brokers that cater to this aren't much better. Convince me you came by your shares legitimately, including which company, and maybe I'll PM you...

Yes, that's right. It's updated on the commission page (although some of the footnotes still reference the old 0.5% cap). I think accounts with any penny stock trades that would be effected got an email/alert from IB. As for other recent changes, they have gotten a lot more strict about...

Yes, for ETFs or futures, you do get lots of offsetting if they're within the same OCC group. Dual share classes maybe also for a few stocks.

That would not be true at IB at least in general, not sure about which portfolio margin account you're using. You just get a 15% requirement on both the long and short pieces (instead of 25-30% each), but no offsetting that I know about.

Two things: 1. Contributions I agree your ability to contribute additional funds is limited. You can overcontribute if you want to meet the deficiency, but you'll pay an excess contribution tax of 6%/year on that amount until you forgo making that much in normally allowed contributions down...

Your link shows what TDA allows for an IRA with limited margin, not what is possible and allowed under the law. If you think an IRA is not allowed to borrow money (from a bank or broker, not you personally), please post a link to the IRS guidance or IRC. I understand that using margin or...

Your IRA can borrow money, just not from you and you can't use the IRA as collateral for a personal loan you get (or if you do, there are really bad consequences). Some types of debt used by your IRA may generate UBTI, which could cause the profits, if any, to be taxable to the IRA. So that's...

No, it's not. It's just that most brokers don't want to deal with the potential headaches so they don't allow it. Just like short selling, margin, etc, are also allowed but almost no brokers offer those services to IRA accounts.

Sell your positions? The problem isn't the margin call, the problem is having the account end up worth less than zero.

Since OP mentioned realizing unwanted gains due to a covered call strategy, I thought I'd point out that Interactive Brokers offers a service to help you avoid this. You can buy new shares with accelerated settlement to deliver to the options obligation so you can keep holding the appreciated...

Effective May 1st, US stock orders will have their commissions capped at 1% of the trade value, rather than the previous 0.5%. This effectively doubles the commission charge on most penny stocks, and applies regardless of Tiered vs Fixed commission schedule.

It's what happens when you were short them on the ex date, and it gets billed to you in the pay date. There are rare situations that are equivalent to a negative dividend (i.e. You lose money for being long on a particular day), but they are super obscure.

Are you sure you have trading permissions enabled for what you're buying in all subaccounts?

LGCY is only 15-20% yield, not distressed enough probly. Some of the SHLD debt is pretty badly off, Toy's R Us unsecured at 5-10c on the dollar. Not recommending of course, esp the retail ones.

Don't think they'll beat NFLX, but ZN started in 2000-2002 and listed in 2006. Haven't found any commercial oil yet so I'm pretty sure they never made any profits but I can't easily see all the way back.

Depends on your broker.

You're wrong - the test for wash sales is "substantially identical", a much stricter standard. https://www.sec.gov/answers/wash.htm If you look at examples given in various IRS rulings or guidance, their interpretations are also quite narrow. Examples given include 1. convertible securities...