Series 7 Exam Prep Margin. DO NOT OVERDOSE!

More on margin    • Series 7 Exam Prep Margin Explication of F...   This lecture is sufficient for margin on Series 7. There are other more target rich environments like Options and Municipals. TIME STAMPS: 00:00 Intro 4:04 Additional documentation for a margin account 4:20 Credit agreement 7:20 Hypothecation agreement 7:38 "street name" 9:35 Loan consent form 11:45 Regulation T of '34. FRB is in charge of credit extension 13:45 Sell out 15:10 Free ride and 90 day freeze 16:05 Ineligible for margin. New issues and options. 17:31 Cash accounts versus margin accounts 19:58 $2,000 minimum for new margin account 22:45 LMV - DR = EQ 24:49 Special Memorandum Account (SMA) 31:27 Use of SMA as cash 32:25 Use of buying power 23:41 Restricted margin account 36:46 Credit to SMA in restricted account 39:30 Market Value at maintenance DR/.75 40:07 Minimum maintenance long is 25% 43:35 Meeting a maintenance call PROMPTLY 46:02 Short margin account 46:15 CR - SMV = EQ 49:05 Excess equity/SMA in a short margin account 52:07 Short market value at maintenance CR/1.3 52:23 30% minimum maintenance on short margin account 59:10. Brain fart. 30% x 30,000 = 9,000 1:00:04 Mixed or combined margin accounts. Long and short.