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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- The fundamental short margin account formula: Credit Balance - Short Market Value = Equity.
- How to calculate the initial credit balance by combining short sale proceeds and the Regulation T deposit.
- The impact of rising and falling stock prices on the equity in a short margin account.
- How to determine the FINRA minimum maintenance requirement, which is 30% of the Short Market Value.
- The calculation for Special Memorandum Account (SMA) and how it's created from excess equity.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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