The anon was probably trading with house money (i.e. borrowed) using a margin account. If that was the case, it's perfectly legal. If you're a big account they'd give you a courtesy call and opportunity to post more margin, but for small accounts they don't bother. The clause is buried under the agreement you sign when you open up a margin account.
How is that even legal?
The anon was probably trading with house money (i.e. borrowed) using a margin account. If that was the case, it's perfectly legal. If you're a big account they'd give you a courtesy call and opportunity to post more margin, but for small accounts they don't bother. The clause is buried under the agreement you sign when you open up a margin account.