Series 28: Insufficient Margin For Pattern Day Traders

Taken from our Series 28 Online Guide

Insufficient Margin for Pattern Day Traders

Recall that the special maintenance margin requirement is 25% for most equity securities. Some equity securities (such as penny stocks, new IPOs, and over-the-counter securities) are not margin eligible and demand 100% of their value in the day trading account.

When the equity in a customer’s account is not sufficient to meet the firm’s day trading req

+ Read More

More Series 28 Info

What are people saying?

Create an Account

Since you're reading about Series 28: Insufficient Margin For Pattern Day Traders, you might also be interested in:

SIE - Free-Look Period

Series 6 - 6.3.3.3. Voting Rights

Series 79 - A.8.3.2. Cost Basis After a Stock Split

Series 65 - Minimum Maintenance Requirement

Series 3 - 6.3.4.5. Fill-and-Kill (FAK)

SIE - Chapter 1 Practice Question Answers

SIE - 2.13.2.1. Analyzing Revenue Bonds

Series 7 - 9.4.1.3 Cash Flow Statement

Series 27 - Memoranda, Confirmations, and Other Customer Notices

Series 24 - 5.7.2.1. Reporting System for Listed Securities Traded Over the Counter

Series 7 - 3.6.35. Rule G-37—Regulation of Political Contributions

Series 79 - 1.2. Financial Statements

Series 51 - Fair Dealing

Series 63 - Chapter 2 Practice Question Answers

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

Nikita Brown, BMI. Atlanta, GA

I took this Series 28 today and passed on my first try! I think the practice exams helped a ton, though in general, I would say the actual test seemed (at least to me), more difficult than the practice exams. Either way, couldn't have done it without the Solomon Exam Prep.

Gayle Espinosa. Los Angeles, CA

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

The study material was absolutely perfect. My undergrad degree is in Mechanical Engineering and my graduate degree is in management so no formal finance education and it would not have been possible to pass the Series 79 without the Solomon material. Thanks so much.

Dave Bender, Cascadia Capital, Seattle, WA

Solomon Exam Prep material was great. Explained in a way that is easy to learn and follow. Test questions really help the material sink in. I had failed the Series 66 twice using another service. When it came time to find new material for the Series 65 and Series 63 Solomon was it. I passed both the 65 & 63 with flying colors and I have Solomon to thank for that.

Jeff Champigny, Merrill Lynch, Greensboro, NC

I was well prepared from using Solomon. Such much so that I finished early enough to review the questions and my answers, and determine my estimated score. Thanks! Great platform. Highly recommend using Solomon.

Max Thomas. Fort Lauderdale, FL