Replies to post #35925 on Code Green Apparel Corp (CGAC)

[luckydude777]

I personally believe the Brokers got the Feds to make up that rule. Brokers LOVE having $25,000 minimum of cash sitting in your trading account. Like banks, the MORE $$$$$ in savings accounts, the MORE favor they get with "entities" they aren't allowed to divulge publicly, but nevertheless make $$$$ transactions with.

PLUS - my guess is that it's more MARGIN they can loan out; margin fees make them a lot of profit one must assume. They sure aren't making it off you and I flipping shares now that they waved flipping fees a few years back (making trading shares free for us ... with the exception of OTC stocks).