Series 7 - General Securities Representative Exam
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Which of the following are required to open a Portfolio Margin account?
Signed acknowledgment of reading and understanding the risk disclosure document
A
$150,000 minimum equity in all non entity accounts; $250,000 minimum equity for all equity accounts
B
CBOE approval of the account due to the inherent risk for trading on margin and writing naked options
C
Minimum trading volume must be met monthly; if not met it just me met quarterly or account will revert to a cash account
D
Explanations
A signed acknowledgment is required to show the customer understands the risks associated with Portfolio Margin