In or about June 2008, Quiros had the representative open several brokerage accounts and at least four margin accounts
at RJA for Quiros, several limited partnerships under his financial control and other entities connected with the Jay Peak ski resort in Vermont.
We document that underwater margin accounts
are much more frequent for house accounts than for customer accounts, suggesting that the major source of default risk is proprietary trading.
The evidence indicates that margin debt borrowers borrow more and buy more stocks in their margin accounts
as stock markets rise, and sell stocks in their margin accounts
to reduce their margin debt when stock markets decline.
Following the acquisition, Saxo Bank will be able to offer pension products, stock and margin accounts
, and bond trading.
2% to reach JD1,239 million; and customersAAE deposits and margin accounts
increased by 10% to reach JD820 million
The programme also provided comprehensive training on investment banking, securities laws and regulations, trading procedures, margin accounts
, customer accounts and direct participation programmes.
During the programme, the participants were taken through an overall introduction into the securities industry, and discussed the servicing and maintaining of customer accounts, equities, the fundamentals of debt, exchange markets, the over-the-counter market, margin accounts
, basic option positions and economics and securities analysis.
The program also provided comprehensive training on investment banking, securities laws and regulations, trading procedures, margin accounts
, customer accounts and direct participation programs.
When the prices of stocks purchased by investors in margin deals decline, the investors are required to deposit additional money to bring their margin accounts
up to the necessary level.
See "Questions and Answers," below, for further discussion of margin requirements and how margin accounts
If regulators did not take action, there would only be a handful of routes to market for suppliers, and smaller, high margin accounts
would disappear as the multiples moved into the high streets and suburbs, he warned.
Cook adds that the compensation committee should establish policies for stock transactions by senior officers and directors, bar loans to executives for purchasing stock (except for third-party guarantees) and ban use of company stock for collateral for margin accounts
are for sophisticated investors who are actually borrowing money from the brokerage to purchase securities.
The motion for heard the recent examples of decline in regional agencies, such as Spotlight and Campaign Concepts, and the tendency for regional advertising to be high turnover and low margin accounts
Yang blames investors, many of them novices, who have been purchasing securities using margin accounts
_ that is, borrowing money from their brokers to buy stock and using their investment as collateral.