StockFetcher Forums · General Discussion · ETF Lovers ... U can kiss "margin" good bye<< >>Post Follow-up
karennma
6,828 posts
msg #83636
Ignore karennma
11/30/2009 8:12:53 PM

Dear **** ***** Customer,

We are writing to advise you that per FINRA rules, effective 1 December 2009, long and short leveraged ETFs will have an increased Minimum Maintenance Requirement as noted in the table below.
Long leveraged ETFs (2x) 50% requirement
Long leveraged ETFs (3x) 75% requirement
Short leveraged ETFs (2x) 60% requirement
Short leveraged ETFs (3x) 90% requirement
Please be advised that if you are holding any leveraged ETFs, you may now have a higher maintenance requirement.

BarTune1
404 posts
msg #83638
Ignore BarTune1
11/30/2009 8:28:50 PM

Well, options volumes will probably increase .... you can always buy puts or calls

Kevin_in_GA
4,548 posts
msg #83639
Ignore Kevin_in_GA
11/30/2009 8:47:32 PM

I saw this earlier today - not an issue for me since I can't trade on margin.

karennma
6,828 posts
msg #83666
Ignore karennma
12/1/2009 10:18:35 AM

Also, look on your STATEMENTS.
SEC is charging an xtra "miscellaneous fee" on sell orders.


karennma
6,828 posts
msg #83668
Ignore karennma
12/1/2009 10:23:56 AM

Ya' know .. they've got a lot of nerve.
They TAKE a % of your profits, then they tax on them.
I wonder if that "miscellaneous fee" is deductable?


Kevin_in_GA
4,548 posts
msg #83768
Ignore Kevin_in_GA
12/2/2009 10:01:03 PM

Consider ULFLC as an option play for tomorrow (the DEC 55.00 calls on UGL). Just a thought.

StockFetcher Forums · General Discussion · ETF Lovers ... U can kiss "margin" good bye<< >>Post Follow-up

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