Match each Federal Reserve Regulation T or FINRA margin account rule on the left with its … — FINRA SIE (Securities Industry Essentials)

Match each Federal Reserve Regulation T or FINRA margin account rule on the left with its corresponding requirement or threshold on the right.

Regulation T Initial Margin Requirement for Long Purchases $50\%$ of the total purchase price
FINRA Minimum Initial Equity Requirement for Small Long Purchases (Under $2,000) $100\%$ of the total purchase price
FINRA Minimum Maintenance Requirement for Long Margin Positions $25\%$ of the current market value
Regulation T Payment Settlement Timeframe (S+2 / T+4)Four business days from the trade date

Regulation T Initial Margin Requirement for Long Purchases matches

50\%

of the total purchase price; FINRA Minimum Initial Equity Requirement for Small Long Purchases (Under

2,000) matches

100\%

of the total purchase price; FINRA Minimum Maintenance Requirement for Long Margin Positions matches

25\%$ of the current market value; Regulation T Payment Settlement Timeframe (S+2 / T+4) matches Four business days from the trade date.

Each regulatory rule matches its exact legal threshold: Regulation T specifies a

50\%

initial margin requirement; small purchases under

\$2,000

require

100\%

equity under FINRA Rule 4210; FINRA requires

25\%

ongoing equity maintenance for long positions; and Regulation T requires payment within four business days of the trade date (

T+4

Identify the standard Federal Reserve Regulation T initial margin requirement.

Regulation T mandates that investors deposit at least

50\%

of the purchase price when buying equity securities on margin.

The Federal Reserve Board sets the initial credit extension limit for non-exempt securities.

Determine FINRA's exception rule for small initial equity purchases.

For long purchases under

\$2,000

, FINRA requires an equity deposit equal to

100\%

of the total purchase price.

FINRA Rule 4210 requires minimum initial equity of

\$2,000

100\%

of the purchase price, whichever is less.

Identify the standard FINRA long maintenance margin requirement.

Long positions must maintain at least

25\%

equity relative to the current market value of the securities held.

FINRA sets ongoing account equity floors to protect broker-dealers against market declines.

Determine the Regulation T payment extension timeframe relative to trade date.

Payment is required within two business days after regular-way settlement (

T+2+2 = T+4

), which equals four business days from the trade date.

Regulation T grants customers a grace period beyond standard settlement before a broker-dealer must request an extension or liquidate the trade.

Margin Accounts and Borrowing Requirements

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