Cash transactions in margin account

[KEF]

I am doing 2 types of trades, normal day trades, and 2-3 day swing trades.
My swing trades usually involve stocks under $4 (un-marginable).
I have over 25k in a margin account.
When I liquidate my overnight holding, funds are not available from this sale until the next day. Some brokers have said that I would not have funds available for 3 days.

yet......Ameritrade allows you to use funds right after sales are complete.

Are is Ameritrade wrong? Are their direct access brokers that allow this?
I don't want to have two accounts. (Ameritrade for swings, and a Realtick broker for day trades)

This seems to be a stupid interpretation of cash rules

thanks all for replies

 

[alanm]

Stocks that are "not marginable" should still be held in the margin section of your account (type 2), even though they have a 100% margin requirement. At some brokers (like Waterhouse), you have a selector when you buy stock to choose whether to do so in your cash (type-1) sub-account or margin sub-account. If you chose cash, the restrictions mentioned would apply, just as if you bought them in a cash account. You should choose the margin sub-account to avoid this in the future.

It's amazing that I had a long argument with a branch manager over some IPO daytrades I made. It never occurred to him to mention that the only problem was that I chose the type 1 sub-account. All I had to do was buy the stock in the type 2 sub-account. I have no idea why this ability even exists when someone has a margin account.