Marginable Securities
Not all securities can be purchased on margin. NASDAQ and all exchange-listed securities are allowed, as are U.S. government and municipal bonds. Over-the-counter securities are allowed if they are listed on the Federal Reserve marginable securities list.
However, new issues have to be publicly traded at least 30 days before they can be purchased on margin. Mutual fund shares are not eligible for trading on margin, but they can be used as collateral on a loan after 30 days. Penny stocks are not eligible, nor are OTC stocks that have fewer than four market makers regularly submitting bids and offers, or that have fewer than 400,000 shares outstanding.
Remember that non-marginable securities do not add to your buying power.
Summary
Marginable and Non-Marginable Securities
Marginable securities: securities that can be purchased on margin
• Exchange-listed securities (including NASDAQ and NYSE securities)
• U.S. government securities
• Investment-grade bonds and debentures
• OTC securities that are listed on the Federal Re
VIDEO
Since you're reading about SIE: Marginable Securities , you might also be interested in:
Please Enable Javascript to view this content!
TESTIMONIALS
What are people saying?
I finally passed my SIE this month. Thank you to this AMAZING, pass or money back Solomon's test materials. I did study the book, did the simulated exams about 15 times and quizzes at least 5 times each before taking the exam. The testimonials here helped me follow a strategy and I stayed focused on passing.
Solomon exam prep material really prepares you for the exam, I passed on Aug 21 2021 after using other competitive materials to no success.
Thank you Solomon Exam Prep.
Omo Vanwie, Morgan Stanley. Columbus, OH
I found encouragement along the way from reading other people's testimonials, so payback is to write one of my own. Solomon is the gold standard for customer service. I passed the 66, SIE first tries -- received a 69% on the 7 (failed), but passed on the 2nd attempt. I'm in awe over the outreach I received from day 1 but especially from Jeremy on how to move forward after falling short on the Series 7 - followed his advice - one of which was to get the accompanying videos and passed. Watching/studying the Chapter 5 video had a big impact. I also printed the questions I got wrong that I particularly struggled with while taking the online exams, printed and/or turned them into flashcards, then taped many of them around the house. It forced me to constantly revisit the information and moved me past a superficial understanding. I'll take a messy-looking home for a short time than having to retake a 3 hour and 45 minute exam.
Brook Langston, Everspire. Salt Lake City, UT
Excellent! The Solomon curriculum prepared me
well enough to make me feel comfortable during the actual exam. Practice
questions and mock exams were challenging enough to test my knowledge but not
too challenging to the point where I was discouraged.
Alex Syku. Easton, CT
Just Passed the SIE! I started with the Kaplan study guide -read 3 chapters and fell asleep. I searched online for exam simulators like the ones I used for my IT certifications and came across the Solomon Exam Simulator. I started taking the chapter test over and over, some as much as 15 times. I spent a month of total study time and took the practice 85 question SIE exam 4 times with an average 58% score. I also took the FINRA practice exam 2 times. The results charts gave great insight on well I was master each subject. I used them day. I will tell you that the Solomon practice questions were a lot harder then the real exam. I think that made the difference. I took me just under an hour to complete the test. On the the Series 57- too bad Solomon does not have an exam simulator for that one.
Phil A. Frisco, TX
I am so happy to announce that I passed the SIE on July 1st! Thank you, Solomon the book, videos, and exam simulator were the best! I went to the test with confidence, and I must say I felt like I was prepared for every question. I had more than enough time to complete all the questions and reviewed my answers. Series 6, here I come! Let's Go, Solomon!
Leanene Carriere, Nameloc Inc. Houston, TX
I only used the exam simulator and it was the best decision I made! I read a different textbook and used Solomon solely for test prep questions. I promise you the $70 or so this cost is 100% worth it. Every question that I got on my exam (May 2020) was related to all the questions asked in the Solomon exam simulator. If you are willing to put in the work and take all of the chapter quizzes and then take 5 each of the time/not timed exams you will pass. Another good thing is that you can download their app and take exams on your phone - I found this very useful when I didn't want to always be on my laptop all day.
Nick Sciortino, Barrington, NJ
Read more reviews
Top