Replies to post #184600 on Amarin Corp Plc (AMRN)

[north40000]

The conversations I reported took place 1) by phone, and 2) in one or more offices of local TDA reps. I should solve the “oral” problem of modifying the “agreement” by simply ridding myself of “options” trading I have never used anyway.

[north40000]

I forgot to say there is always some minimum amount of “cash” in all TDA accounts we have, enough to buy shares of a “penny” stock or two when I see one that looks good to have. Dividends often provide a fresh infusion of cash.

[PSea]

This is SPOT ON! It's called a hypothecation clause and allows holdings in a margin account to be usedby the firm. Only way to avoid lending is by moving the shares to a cash account.

BTW, placing a sell order far from the market does NOTHING to prevent yojr firm from borrowing the shares.

Last, some firms will share the margin interest with you. You must meet their account minimums and the interest rate I've received on some stocks has been huge because they pay on the market value of the shares' value. Fidelity, IB and Schwab all offer this. TD unfortunately doesn't.