Quote from jeb9999:
Brokers are free to charge any margin at or above the exchange minimum for overnight positions.
Quote from bgp:
stock 777 were you the one who was sooooo bullish the stock market a while ago ??? now how do you feel ?
bgp
Quote from jwcapital:
It's the prudent thing to do. If the banks did the same thing in 2003-2005, we wouldn't of had the financial crisis. Ironically, the margin increase is for your own good--it forces you to keep more liquid funds available. Hate to see you have to sell your house to cover a margin call, like in the 28-32 era.
Quote from Bob111:
i know, they can do whatever they want, but..with no securities been bought on margin and some cash still on account how to hell i was unable to buy anything on at least on that amount of cash?
think about it- you have 50K, 5K out of it is in cash. even if you bought LEH stock on 45K and it's worth close to nothing-you still have your 5K cash. so the buying power should be at least 5K. i'm wrong?