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Can I cross guarantee my accounts to meet and maintain the new minimum margin equity requirement?

April 26, 2017accounts cross equity guarantee maintain margin meet minimum requirement

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Can I cross guarantee my accounts to meet and maintain the new minimum margin equity requirement?

1 Answer

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No, each account (not client) is required to meet applicable requirements independently, using only the financial resources available in the account. Penson will be removing all cross guarantees on day trading accounts.