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I'm not sure, that's probably an SEC regulation unless the broker is a bank.

But I'm guessing not much. And brokerage margin lending is probably a big contributor to the "shadow banking system".

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Mon May 19th, 2014 at 04:46:10 AM EST
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