karennma
8,057 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
441 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
4,599 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
8,057 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
8,057 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
4,599 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.
|