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Are REITs and when-issued securities eligible for a portfolio margin account?

April 26, 2017account eligible margin portfolio REITs securities when-issued

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Are REITs and when-issued securities eligible for a portfolio margin account?

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A when-issued security is permitted in the portfolio margin account, provided it is a margin equity security as defined in FINRA rules. REITs are not permitted in the portfolio margin account because they are generally backed by, among other things, real estate holdings.