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>From: Scaletrade@xxxxxxx
>Reply-To: realtraders@xxxxxxxxxxxxxxx
>To: realtraders@xxxxxxxxxxxxxxx
>Subject: Re: [RT] Online brokers (equities not commodities)...
>Date: Wed, 8 Aug 2001 15:12:10 EDT
>
>May be a dumb question, but is Brown and Co raising or lowering their
>margin
>for "pattern day traders?"
>
>Thanks.
>
>Larry
I've read their information, and it is difficult to tell. They require a
minimum of $25k be maintained in your account, in accordance with revised
Regulation T, and the way I read it, will allow you to trade up to 4 times
your account if a day trader (25% margin rate). Am calling them soon, and
will clerify if it is different from this, but this is what I got from what
they sent me.
I think everyone will have to adhere to the $25k amount.
Dave
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