TDAmeritrade (my broker) increased margin by 1%. So 3% required to open trades on EU. This is enacted tomorrow @ 5pm, all persons over margined will be closed out. Funny they should bother raising 1%, but suspicious that if I was currently undermargined, and needed to deposit money to bring my account within the new margin rates, I would not be able to do so by 5pm tomorrow because TDA has a 3 day holding period on funds.
So the option for those over margined will only be to liquidate/margin call instead of depositing more $ to be in compliance.
So the option for those over margined will only be to liquidate/margin call instead of depositing more $ to be in compliance.