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Re: megawhat post# 498

Tuesday, 03/27/2018 5:46:18 PM

Tuesday, March 27, 2018 5:46:18 PM

Post# of 1106
Did they give any reason for such a move. I haven't used margin in years, but that sort of move is clearly aimed at manipulating the stock, especially given the recent share growth where investor's may have purchase either more IMGN, or other stocks based on the added equity.

I'd like to see what the SEC thinks about such manipulation, or if it's being done by any of the other brokerages.

Back when I did use margin, I was forced to sell some shares when a broker changed the rules, but that was when the price was below $7. Things may have changed, but last I heard $7 was the point that all stocks are fully marginable, but brokers do have their own rules, but usually with certain justification. Has Schwab justified what they've done.

Gary
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