RushNet Inc (RSHN)

[Firehawk7_2000]

You get 2 Warnings on a reg T Violation

3rd is a 90 day restriction and even after 90 days they can still keep you in restricted

Regulation warnings are the following:

Reg T Warning; A free-ride has occurred in your account (no restriction)

2nd Reg T Warning; Daytrading has continued in your cash account (again no restriction-final warning)

3rd Reg T Warning; Your account has been temporarily restricted for 90 day period

To get this restriction lifted before the 90 day period is up, you must do 2 things-not one.

Keep a min. 25000.00 in your account
Qualify for margin (credit check) score over 650

Please do not mislead people with I got a violation and got restricted 1 time. There is a process for reg T violations and it is obvious your a total noob.

For everyone else out there if you have a issue with your account, this is not the place to discuss it. Contact your brokerage firm so you are not mislead in anyway-shape-or form by message board post such as this.