— Arbitrary and Capricious Change in Margin Requirements!!!!!
Scottrade has for the second time changed their requirements on margin for ETF's. This has and can put one in a most untenable position if the market is not in your favor at the time. I should have cancelled and closed the account the first time, but was waiting for a more opportune time. The second raise in margin call has forced me to close the account with an untimely and uncalled for loss.
Scottrade has for the second time changed their requirements on margin for ETF's. This has and can put one in a most untenable position if the market is not in your favor at the time. I should have cancelled and closed the account the first time, but was waiting for a more opportune time. The second raise in margin call has forced me to close the account with an untimely and uncalled for loss.