Series 7 Exam Prep - Margin FREE Class Replay

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Time stamps:
00:00 Introduction
2:49 Reg T is part of '34 and is controlled by the FRB
5:30 Order flow. Order department, Purchase and Sales department, Margin department, Cashiering department
5:53 Cash accounts customer pays in full
8:48 No margin for UTMA and retirement accounts. Must be cash accounts
10:38 Opening sales are used to establish a short position. All short positions must be conducted in a margin account except the opening sale in a covered call
11:40 Can't extend credit to buy options or a new issue
13:15 Margin accounts require additional documentation. Loan consent is optional.
14:40 Hypothecation agreement. Securities are held in "street name"
19:04 LMV-DR=EQ initial set up
22:56 Freeriding and a resulting freeze
26:32 Reg U rehypothecation
30:08 Initial set up and mark to market
34:41 Excess equity/SMA
37:50 Using SMA as cash
44:00 Restricted account below 50%. Can only receive half the proceeds. A credit to SMA to if the customer makes no withdraw.
47:17 Market value at maintenance long = DR/.75
50:28 Maintenance is 25% set by the SRO. House requirements can be higher.
57:00 SHORT ACCOUNT CR-SMV=EQ
59:54 Initial set up
60:00 Mark to market
1:10:03 Market value at maintenance short = CR/1.3
1:11:00 Short maintenance is 30% set by the SRO
1:14:53 Mixed margin account
1:15:35 $2,000 in a new margin account