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Tuesday, June 21, 2011

Off to the Philippines

Going to the Philippines this week . My girlfriend is taking her GRE in Manilla (Why not Taipei? That's a great question...) Figured we make it more than just a GRE flight so we are heading off to Borocay as well.  Hope nothing crazy happens while I am gone.

I just got a message from my broker about them raising margin requirements on several securities, most of them Chinese.

Seeya in a week.
Dear Trader,

IB regularly monitors individual securities and imposes ‘house’ margin requirements which exceed regulatory minimums when we believe the risks of holding such securities on margin to have increased. Given the recent market volatility and risk factors associated with a class of securities formed via a method known as ‘reverse merger’, IB will be increasing the margin requirement on a new batch of these securities starting today, June 21, 2011, after the US market close. You are receiving this notice as one or more of the securities currently held in your account will be impacted by this change. Please manage your risk accordingly.

The scheduled increases are as follows and will take place after the US market close on each date:
June 21, 2011 – 50%
June 22, 2011 – 75%
June 23, 2011 – 100%


Affected symbols:
AII
ASIA
CIS
CISG
CLNT
CWZN
JASO
JKS
LDK
MR
SOL
STP
TAOM
TSL
YGE
YOKU


Please refer to and monitor the following link for a list of affected securities*:



*NOTE - this link should be updated with these new symbols later today.

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