Problems with Penson Clearing

Discussion in 'Retail Brokers' started by Trajan, May 20, 2003.

  1. Trajan

    Trajan

    Anybody else who trades through Penson been having problems lately? In the last week, I have been locked out of my account because of a margin call when there was more than enough cash to cover. I never come close to full margin because when I do I always close down to leave a nice cushion. Second, they didn't have my option excersises from this past weekend in my position on Monday. Then today, they double my position. Maybe, I'll get another margin call.