How are the various types of margin calls created and how and when must I meet them?
Equity Maintenance Calls are created when your account closes below $25,000. It is not mandatory to meet this call, but you will lose the ability to electronically trade through our front – end trading software. In other words, you’ll be unable to electronically take advantage of the day trading rules, which permit day traders to trade with four (4) times the NYSE excess equity subject to time and tick computation methods. While a maintenance call is in effect, you will only be able to open positions that are twice your available SMA. Please note that liquidating stock does not change your intra day equity. You may hold positions overnight using twice your SMA, but you must call Assent’s Order Desk to place these trades. NYSE Calls are created when your equity percentage falls below 25%. You may sell stock or send in additional funds and have 2 business days to meet this type of call. House Calls are created when your account’s equity percentage falls below 40%. If your account is conc
