However, don't hesitate to tell us about a ticker we should know about! Spam, ads, business solicitation, and self-promotion posts or comments will be removed and you might get banned. Context and effort must be provided; empty posts or empty posts with links will be automatically removed. Posts regarding this topic will be automatically removed. Question I May be issued a fed call?
I received a trade confirmation notice. Recently however, I got an email from OptionsHouse saying,. Please be advised that you have exceeded your initial Reg T requirements for trading today. You may be issued a Fed Call overnight for the amount of this excess if no positions are closed today. I did not borrow any money or use a margin account to my knowledge. Did I mistakenly borrow money by not allowing the trade to settle into my account?
I've contacted OptionsHouse and am still awaiting response. Any help would be appreciated to help me further understand the situation. Noob follow up question: Does it just have to do with a time requirement, as in you must wait x amount of days after buying a security for us to charge your account? If so, is that a product of inefficiency or to make sure traders with cash accounts aren't day trading on margin?
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Welcome to Reddit, the front page of the internet. Become a Redditor and subscribe to one of thousands of communities. This is an archived post. You won't be able to vote or comment. Recently however, I got an email from OptionsHouse saying, Please be advised that you have exceeded your initial Reg T requirements for trading today. Want to add to the discussion? What you're doing is known as freeriding.
It's a big no-no.More...