What if you blew up your account selling puts and calls and owed your broker $300,000. Will they (TD, IB, Schwab) come after you to pay it? What if you do not have it? What is the process they go thru to try and get at least some of it back? Thanks.
Credit collection agencies, and Uncle Tony with the baseball bat.
Plus, if you do not pay it back you may get blacklisted across the brokerage community. Something I heard about, do not know if it really exists, but something worth considering.