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What is a Maintenance Call?

post #1 of 12
Thread Starter 
What is a maintenance call?
I have one and it is in red and says -$1,200, what does this mean?
Thanks, any help would be great.
post #2 of 12
Wow.
post #3 of 12
I think it means
funds that have not been cleared were used to purchase stock
post #4 of 12
Thread Starter 
Quote:
Originally Posted by Journeyman98 View Post
I think it means
funds that have not been cleared were used to purchase stock
Thanks, thats kinda what I thought.

Is it a serious violation, or is it something you don't want to do more than once?

So once I sell the stock everything will be fine?

I just have to wait close to a week then before I trade again?
post #5 of 12
This can vary depending on your broker. Most likely you owe $1,200 and that can be covered by adding funds or selling $1,200 worth of a security. Back when I first started trading with Scottrade, it seemed like a got a maintenance call every other day. Whenever I got one, I had something like 6 days to sell (enough of) the position that was giving me the call.
post #6 of 12
if your margin account you borrowed money agianst your equity in the account , and the stocks dropped below a level which makes the broker need money to keep it active or they have to sell stock to cover it
post #7 of 12
Thread Starter 
Thanks for all of your help.
post #8 of 12
The best thing to do if you do not understand something going on in your account is to call the broker. You are paying them for the service, they are there to help you!
post #9 of 12
One time i lived in an apartment building and i got a call from the maintance guy , but i think this is something totally different lol -joking ya id call them in am and get there advice
post #10 of 12
Thread Starter 
funny thing is, i got this maintanece call because i bought dndn yesterday, now i am glad that i did.
post #11 of 12
Thread Starter 
thanks again.
post #12 of 12
can anyone help me?

ok . i called scottrade and asked to withdraw 500 . then the next day i signed up for margin . the next day, on my margin account, it says i have a maintenance call of 500 . is this going to dissapear tomorrow?

i still have over 500 cash in my account so im not sure why i would have to deposit 500 / sell 500 worth of stocks

my account value is over 2k, but my BP is less than 2k
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