PHI Group Inc (PHIL): BREAKING NEWS:"ICC-2021-007 PROPOSAL PAS...

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Tuesday, 05/18/2021 6:47:55 PM

Tuesday, May 18, 2021 6:47:55 PM

BREAKING NEWS:"ICC-2021-007 PROPOSAL PASSED!

Margin requirements are updated for hedge funds, which can be increased depending on price movement. If the account margin exceeds the capital, the broker can margin call them! This essentially was done to prevent that in a very chaotic market, the ICC can have collateral and liquidity to meet it's obligations. ICC 005 passed and now this!?"

Quoted from Simulate & Trade

Though this effects higher price stocks more, the trickle down effect and effects on mm's and brokers will have a great impact in otc and in my opinion a huge effect on PHIL when all said and done.

(Note) Every post I make is simply my opinion.

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