SIE: Marginable Securities

Taken from our SIE Online Guide

Marginable Securities

Not all securities can be purchased on margin. NASDAQ and all exchange-listed securities are allowed, as are U.S. government and municipal bonds. Over-the-counter securities are allowed if they are listed on the Federal Reserve marginable securities list.

However, new issues have to be publicly traded at least 30 days before they can be purchased on margin. Mutual fund shares are not eligible for trading on margin, but they can be used as collateral on a loan after 30 days. Penny stocks are not eligible, nor are OTC stocks that have fewer than four market makers regularly submitting bids and offers, or that have fewer than 400,000 shares outstanding.

Remember that non-marginable securities do not add to your buying power.

+ Read More

More SIE Info

What are people saying?

Create an Account

Since you're reading about SIE: Marginable Securities, you might also be interested in:

Series 7 - 3.3.3.2.3. Undersubscription

Series 52 - Rule G-19—Customer Suitability

Series 66 - 7.10.1 Definition of Agent

Series 24 - 5.6.6.3. Order Routing

Series 50 - Chapter 2 Practice Questions

Series 27 - Six-Year Minimum

Series 63 - 5.7.9 Personal Outside Investment Accounts

Please Enable Javascript
to view this content!

Site Login

Forgot Password?

Create an Account

TESTIMONIALS

What are people saying?

Solomon Exam Prep materials are head and shoulders above any other company's products. I have purchased several other companies' materials and found that when it came time to take the crucial step of practice exams, every other company's answer explanations simply were too brief to be truly educational, or worse, sometimes contradictory to the text. That is when I turned to Solomon Exam Prep. After purchasing their materials, an actual team member emailed me almost every other day to ask how I was doing with my studying and offered assistance if I had questions. With this kind of support, you aren't trying to climb the mountain of becoming licensed alone! Finally, the owner also contacted me several times to thank me for my purchase and to check on my progress. There is no other company out there doing business in this exemplary way. Please be kind to yourself and START with Solomon Exam Prep materials for the BEST of success!

Rebecca Spadafore - Financial Advisor, LPL Financial. Meadville/Erie Area, PA SIE, Series 7, Series 66

I passed the SIE with the help of the practice exams from this course. The practice exams from this course seemed a bit needlessly difficult compared to the actual exam I took. While it prepared me well, it caused a lot of unnecessary stress. Don’t over do it on the practice exams.

Christian Heer, Merrill lynch . Los angeles, CA

I passed my SIE. I was using Kaplan and it was not working out as well. I did study the book, did the simulated exams about 15 times and quizzes at least 5 times each before taking the exam. The testimonials here helped me follow a strategy and I stayed focused on passing. Solomon exam prep material really prepares you for the exam, I passed on Aug 21 2021 after using other competitive materials to no success. Thank you Solomon Exam Prep.

Omo Vanwie, Morgan Stanley. Columbus, OH

I am so happy to announce that I passed the SIE on July 1st! Thank you, Solomon the book, videos, and exam simulator were the best! I went to the test with confidence, and I must say I felt like I was prepared for every question. I had more than enough time to complete all the questions and reviewed my answers. Series 6, here I come! Let's Go, Solomon!

Leanene Carriere, Nameloc Inc. Houston, TX

Passed the SIE!

Chris McHugh, McHugh Ins Group, Inc., Boca Raton, FL

I passed the Securities Industry Essential (SIE) exam on my first try. Now, I am studying for the next license exam, the top off exam, Series 7. Thank you Solomon Exam Prep. I am glad I bought the 1) SIE Video Premium Study Package, 2) SIE Flashcards, and, especially, 3) the hard copy. I will probably buy the same for Series 63, 7 and probably no more than two more over the next three years.

Stephen Campbell, Plano, TX