Legal Question in Securities Law in California

Brokerage account agreement info

Need help with the following statement found on an account agreement form for a broker.

''However, ------ Securities may process orders to purchase options even if an Account does not contain sufficient Available Funds. ''

how much are they legally allowed to purchase in my name?

what vechical can this be done by? Margin? Loans?

Thanks!


Asked on 6/07/07, 11:03 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: Brokerage account agreement info

If your account agreement calls for mandatory arbitration of disputes, as many do, you might want to demand that this process begin at once, rather than face their demands.

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Answered on 6/08/07, 1:06 am


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