Re:WallStreetBets vs WallStreet: It's not about the money an...
by JumpCrisscross on Thursday January 28, 2021 @10:59AM
(#25943885)
> there is no provision stating they can block a specific eligible stock as long as I meet their margin requirement
That may explain why they had to block trading in the stock. Margin losses almost inevitable at this point. But legal said they couldn't block lending on a single name. Their TOS, however, permit them to suspend trading in single names.
That may explain why they had to block trading in the stock. Margin losses almost inevitable at this point. But legal said they couldn't block lending on a single name. Their TOS, however, permit them to suspend trading in single names.