E TRADE Financial Corp (ETFC)

[suzyHomemaker]

Morning Arnie,

I have always heard it was 3 days for margin calls but found this on Ameritrade which says either immediate or 5 days:

"When is my margin call due?
Regulation T calls must be met within five (5) business days, without exception. Margin Maintenance calls, and equity calls are due immediately, and liquidation could occur at any time, due to market conditions, even without prior notice.

IMPORTANT REMINDER: MARKET CONDITIONS COULD DICTATE A FORCIBLE SELLOUT IN YOUR ACCOUNT WITH OR WITHOUT NOTIFICATION, REGARDLESS OF YOUR INTENT TO COVER THE AMOUNT DUE. FORCIBLE LIQUIDATIONS MAY RESULT IN A SELLOUT FEE IN ADDITION TO THE APPLICABLE COMMISSION CHARGES."