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Post# of 179946
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la_trader

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la_trader

Re: pennystockbrad post# 159739

Tuesday, 02/26/2019 1:54:49 AM

Tuesday, February 26, 2019 1:54:49 AM

Post# of 179946
Nonsense. They would be in violation of Federal Reserve Board policy.
https://www.investopedia.com/terms/n/non_marginable_securities.asp
https://www.investopedia.com/university/margin/margin1.asp
https://finance.zacks.com/buy-penny-stock-margin-11883.html

Maybe they are floating the 3-day settlement rule for you on a pseudo-margin-method - TD does as well - but nothing more than that.

Granted there are a few exception OTCs that make the Fed Reserve "allow margin" list- but that is NOT the norm.

Trading OTC stocks is like licking honey off a thorn

My opinions are my own and are not a suggestion to buy or sell stocks. Always do your own homework.

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