Replies to post #11002 on Blackout Media Corp (BKMP)

[mimurray]

Then if you want to protect yourself ask the rep that told you that you will be able to trade to fax you something stating that. This way if they ever flag your account you have a document to produce.

[dragon52]

bigdaddy... what i think they are trying to tell you

is that:

1 - You are a day trader or in a day trader status.

if you make more than two round trips within 3 days, you could be considered a day trader. That would indicae flipping before settlement. More so if you are on margin and not cash.

2 - You have more than 25k in your account. Technically, when you have that or more, you can trade as many times and flip as much as you want to. Apparently the SEC feels that anyone with at least that much in their trading account is liquid. Anyone below that is not.

So - what your brokerage is saying is that regardless of whether or not you get dividends, they will count as part of your portfolio... and if there is a price assessed to them, it will count as part of your 25k.... which at this time, not to worry about it because you have more than sufficient monies in your account... even if you are a day trader.... of sorts.