Series 24: Borrowing By Customers: Regulations U And X

Taken from our Series 24 Online Guide

Borrowing by Customers: Regulations U and X

By setting the margin requirement at 50%, Regulation T ensures that broker-dealers cannot loan a customer more than half the value of a security bought on margin. But Regulation T does not prevent a customer from seeking another lender to finance a margin transaction. Enter Regulation U.

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Since you're reading about Series 24: Borrowing By Customers: Regulations U And X, you might also be interested in:

Series 99 - 2.1.4.3 Settlement Service Providers

Series 6 - 1.2.2. Securities Exchange Act of 1934

Series 7 - 14.1. Opening a Customer Account

Series 6 - 7.5.3.3. Five-Year Records

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