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i didnt even notice it but i bought part of a stock on margin, must have calculated wrong and borrowed $1,000 on margin. Do I have to sell $1,000 worth of the stock to get back to all cash and have no margin balance? Thats what im assuming
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You risked more than the cash available in your account?, was it for a stock over $5?, most brokers dont let you buy a stock under $5 a share on margin
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regardless of the answers you get (reminder: I don't trade on margin), I would most definitely get in touch with the brokerage... Others prolly will have experience and insights, but what counts is how *your* house follows *its* procedures.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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