FORUM PROFILE

Reply To: Regulation U Reporting

#37299
kboatwright
Participant

Hello:

Generally, a margin stock” is listed on an exchange. Your question does not contain enough information to make that determination. You may want to review this with your examiner or legal counsel. It is likely they will need the additional information as well.

When a loan is secured by a margin stock you must require the borrower to complete a purpose statement (Federal Reserve Form U-1). There is not a reporting requirement.

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