PDC- I would say it is this guy...2.3Millon margin call!!!! YIKES...
Ok.. I'm in the TD Ameritrade MARGIN handbook. I'm on page 10, and going to copy what it says. This is only if you have a margin account. And, if I'm reading this correctly.. I hope it helps our case:
"Short selling can occur only in an account that has margin privileges and meets the minimum equity requirement of $2000. All orders to sell short a security must be so designated.
Certain circumstances may prevent TD AMERITRADE from placing an order to establish, or from continuing to maintain, your short position. A short sale will not be placed if the stock cannot be borrowed. TD AMERITRADE must ask the lending brokerage firm to locate the shares requested for your order. All orders to short sell a security are subject to SEC and NASD execution rules.
If the lending brokerage firm requests that the borrowed shares be returned, your brokerage firm must buy-in the shares which you are short, close out your short position, and deliver those borrowed shares back to the lending brokerage firm regardless of the profit or loss to you.... etc etc"
Anyway.. it says "If a stock can be borrowed" If it's restricted.. how can it be borrowed???
My account still has the $2.3 mill margin call. I'm still short PAIV shs, and I still don't show my JPHC stock. All in all.. this is totally FUBAR'd
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