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80milesbad t1_ja6jfm5 wrote

Same thing has happened to me w Ameritrade and I actually do have an inheritance and not asking for margin. Just want to buy some basic options and was only cleared for covered calls. I agree that it should be my business if I want to risk my own money. They seem fine with me risking it on stocks.

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ImaginarySector366 OP t1_ja6ksgp wrote

🤣🤣 I thought the same like what do they want. Try switching to margin account and deposit $2000+, you don’t have to use Margin if you have money anyway but I guess they want Margin accounts for options level 2. I guess they like it that way.

I honestly still don’t see logic behind their regulations. But someone said that to prevent lawsuits etc., which is weird? Imagine suing them, oh you approved me for options without experience and I am poor and as a regard I lost on options I am suing you give me my money back 🤣🤣🤣🤣 Who makes Regulations and accept lawsuits like that, man.

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80milesbad t1_ja7jrcs wrote

Yeah, like anyone on here who has posted massive loss porn should all be suing their brokerages for letting them do that?? 😆

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