I just got bad news from my brokerage, but TD Ameritrade just increased margin requirements on LAC stock to 70% !! I told them that is criminal. Prior they say it was 50% margin requirement, but because I liquidated another stock I held (SFT), and took profit on that, they now increased margin on my LAC stock ??? WTF going on??
I NEVER heard such a cock & bull story to steal a retail small business investors' funds like this ??