Margin Requirements

PICI has margin requirements that override Southwest's minimum requirement.  PICI's minimum to open an account for margin is $20,000 and $7000 maintenance unless waived in writing by PICI's compliance principal.

For more information see:

SWS Securities Inc. Margin Account Requirements

Restricted Report - June 28 2005     

SWS distributes the Restricted Report daily.  We will publish the list every Tuesday.  This report contains a list of securities that are either on the Margin Restricted List or the Margin Monitored List.  PICI may add securities to both these lists as they deem necessary.

The Restricted List contains securities on which SWS does not wish to loan additional funds. These are "restricted" from additional purchases in margin accounts.  The securities will remain as marginable on CSS since SWS does not want to adversely affect existing clients.  It is each broker's responsibility to make sure they do not make purchases in margin.  Any trades that are made in margin will be canceled to the cash account and will need to be paid for in full.

 

The Monitored List reflects securities which are closely monitored for concentration in margin accounts.  These securities are potential candidates for the Restricted List.

 

PICI Customer Information Brochure

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