Series 28: Maintenance Margin

Taken from our Series 28 Online Guide

Maintenance Margin

The equity that FINRA generally requires a broker-dealer to maintain in a margin account for all long margin securities is 25% of their current market value. For the long list of exceptions, see the following sections.

For short margin securities, the maintenance margin that must generally be maintained is the greater of the values in the table that follows. We will note the exceptions momentarily.

Minimum Maintenance Margin for Short Margin Securities
Type of Security	Maintenance Margin Is the Greater of:
Stocks
• Less than $5/share	$2.50/share	Market value of stock
• $5/share and above	$5.00/share	30% market value of stock
Bonds	5% of the principal	30% market value of

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