I noticed that my buying power does not fluctuate with increase/decrease of my assets. I spoke to support and they said it’s because my account is now SMA driven and is bellow the reg t requirement.
I sold some stocks to use only half of my margins but nothing changed. Buying power still does not fluctuate.
Agent explained that I am verified to be under 50% reg t now but that my trades needs to settle first.
Can someone please explain this to me? How did my account became SMA driven and why was I never been given any warning from the broker?
Explain account being SMA driven and being bellow 50% reg t requirement
byu/Ordinary-City-641 instocks
Posted by Ordinary-City-641