Posted On: 02/02/2016 3:01:45 PM
Post# of 11040
Read section B and C....https://www.sec.gov/alj/aljdec/2015/id755jsp.pdf
Cor clearing Apple margin
DECEMBER 22, 2013 – 06:36 AM APPLE'S MARGIN HIKE SELL-OFF: SHOULD YOU CARE?
All over the web, people are blaming today's more than 4% sell-off in Apple (NASDAQ:AAPL) on a clearing firm named COR Clearing raising its margin requirement for Apple positions from 30% to 60%. While scores of investors debate whether or not this is true, I think it is more productive to ask the questions, "Who does COR Clearing clear for?" and "Should I care about a margin-related sell-off in Apple?"
The first thing I did when I heard about a possible COR Clearing margin-related sell-off in Apple was to check who the majority of well-known brokers clear for. The website Online Broker Review (onlinebrokerrev.com) lists the clearing firms for the following brokers: E*Trade, eOption, Fidelity, Firstrade, Interactive Brokers, Just2Trade, OptionsHouse, optionsXpress, Merrill Edge, Schwab, Scottrade, ShareBuilder, SogoTrade, TD Ameritrade, TradeKing, Vanguard, Wells Fargo Advisors, and Zecco (merged with TradeKing).
According to Online Broker Review, not one of those brokers uses COR Clearing. COR Clearing did recently announce that it will acquire Apex Clearing Corp. (created by Penson Worldwide and PEAK6 Investments), which, according to Online Broker Review, clears for eOption, Firstrade, OptionsHouse, SogoTrade, TradeKing, and Zecco. But that is not scheduled to be completed until early 2013 and shouldn't have had an effect on today's news about COR Clearing.
Cor clearing Apple margin
DECEMBER 22, 2013 – 06:36 AM APPLE'S MARGIN HIKE SELL-OFF: SHOULD YOU CARE?
All over the web, people are blaming today's more than 4% sell-off in Apple (NASDAQ:AAPL) on a clearing firm named COR Clearing raising its margin requirement for Apple positions from 30% to 60%. While scores of investors debate whether or not this is true, I think it is more productive to ask the questions, "Who does COR Clearing clear for?" and "Should I care about a margin-related sell-off in Apple?"
The first thing I did when I heard about a possible COR Clearing margin-related sell-off in Apple was to check who the majority of well-known brokers clear for. The website Online Broker Review (onlinebrokerrev.com) lists the clearing firms for the following brokers: E*Trade, eOption, Fidelity, Firstrade, Interactive Brokers, Just2Trade, OptionsHouse, optionsXpress, Merrill Edge, Schwab, Scottrade, ShareBuilder, SogoTrade, TD Ameritrade, TradeKing, Vanguard, Wells Fargo Advisors, and Zecco (merged with TradeKing).
According to Online Broker Review, not one of those brokers uses COR Clearing. COR Clearing did recently announce that it will acquire Apex Clearing Corp. (created by Penson Worldwide and PEAK6 Investments), which, according to Online Broker Review, clears for eOption, Firstrade, OptionsHouse, SogoTrade, TradeKing, and Zecco. But that is not scheduled to be completed until early 2013 and shouldn't have had an effect on today's news about COR Clearing.
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