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la_trader

02/26/19 1:54 AM

#159741 RE: pennystockbrad #159739

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.