Margin Calls & Violations

What is Pattern Day Trading (PDT) and why did I get an Equity Maintenance Call (EM)?
Key Points Accounts are flagged as PDT when performing more than 3 day trades in a rolling 5-business day period. Traders are allowed one PDT reset per...
What are the rules for day trading in a cash account? Good Faith Violation (GFV)
A good faith violation (GFV) occurs when a cash account buys a stock or option with unsettled funds and liquidates the position before the settlement date o...
What is a Required Maintenance Call (RM)?
A Required Maintenance (RM) call is issued when the margin equity in an account is less than the maintenance requirements.   Maintenance calls are typicall...
Futures Margin Call (FM)
What is a Futures Margin Call? (FM) A Futures Maintenance call (FM) is issued when the equity in the futures account is less than the margin requirement. I...
What is a Day Trade Call (DT)?
What Causes a DT Call? A day trade call (DT) is generated when a margin account exceed its starting day trade buying power (SDTBP). You can view your st...
What is a Reg-T Call (RT)?
A Reg-T (RT) call is issued when a margin account makes a transaction that exceeds its available buying power. Reg-T calls are typically due 5 trading days ...
What is a Short Restricted Strategy (SL) Call?
A Short Restricted Strategy call (SL) is generated when cash or IRA accounts ends up with a short stock position. This typically happens when a short call i...