2 Replies Latest reply on Jul 24, 2019 7:31 AM by Chris Bennett

    Series 7 - Minimum Maintenance Calculation

    Chris Bennett

      I'm going through the online practice exams and finding a lot of issues w/ incomplete or wrong solutions.  One in particular is the Minimum Maintenance formula,  (4 x DR) /3.  This is suppose to tell us the minimum balance an investor must maintain in his or her margin account before receiving a maintenance call.  However, I'm unable to find a direct reference to this formula in the book, and I'm unsure of why four times the debit balance divided by 3 equals the minimum maintenance requirement. Any insights?