Series 7 Exam Prep - Margin FREE Class Replay

https://deantinneytutoring.setmore.co... to register for a paid class or FREE office hour (if you are a paid alumni). Time stamps: 00:00 Introduction 2:49 Reg T is part of '34 and is controlled by the FRB 5:30 Order flow. Order department, Purchase and Sales department, Margin department, Cashiering department 5:53 Cash accounts customer pays in full 8:48 No margin for UTMA and retirement accounts. Must be cash accounts 10:38 Opening sales are used to establish a short position. All short positions must be conducted in a margin account except the opening sale in a covered call 11:40 Can't extend credit to buy options or a new issue 13:15 Margin accounts require additional documentation. Loan consent is optional. 14:40 Hypothecation agreement. Securities are held in "street name" 19:04 LMV-DR=EQ initial set up 22:56 Freeriding and a resulting freeze 26:32 Reg U rehypothecation 30:08 Initial set up and mark to market 34:41 Excess equity/SMA 37:50 Using SMA as cash 44:00 Restricted account below 50%. Can only receive half the proceeds. A credit to SMA to if the customer makes no withdraw. 47:17 Market value at maintenance long = DR/.75 50:28 Maintenance is 25% set by the SRO. House requirements can be higher. 57:00 SHORT ACCOUNT CR-SMV=EQ 59:54 Initial set up 60:00 Mark to market 1:10:03 Market value at maintenance short = CR/1.3 1:11:00 Short maintenance is 30% set by the SRO 1:14:53 Mixed margin account 1:15:35 $2,000 in a new margin account