Freeride Violation
A Freeride Violation is issued when a position is opened without sufficient funds and the position is liquidated before funds are deposited into the account. When the violating position is liquidated to satisfy a Cash call a Freeride Violation and Liquidation Strike* are issued. If a position other than the violating position is liquidated to pay for the first trade, a Freeride Violation is not issued but a Liquidation Strike is issued. Cash calls can only be met by depositing funds into the account in the amount of the call.
When an account is issued its first Freeride Violation, the account is considered restricted for 90 days from the due date of the violation. If a second violation is issued during the 90 day restricted period, the account is restricted to closing positions only for 90 days from the due date of the second violation. If a second violation is not issued during the 90 day restricted period, then the first Freeride violation is closed.
* Strike action, also called labor strike,labour strike, on strike, greve (ofFrench: grève), or simply strike, is a work stoppage caused by the mass refusal of employees to work. A strike usually takes place in response to employee grievances. Strikes became common during the Industrial Revolution, when mass labour became important in factories and mines. In most countries, strike actions were quickly made illegal, as factory owners had far more power than workers. Most western countries partially legalized striking in the late 19th or early 20th centuries.
Strikes are sometimes used to pressure governments to change policies. Occasionally, strikes destabilize the rule of a particular political party or ruler; in such cases, strikes are often part of a broader social movement taking the form of a campaign of civil resistance. Notable examples are the 1980 Gdańsk Shipyard or 1981 Warning Strike, led byLech Wałęsa. These strikes were significant in the long campaign of civil resistance for political change inPoland, and were an important mobilizing effort that contributed to the fall of the Iron Curtain and the end of communist party rule in eastern Europe and again in The New York Stock Exchange in last 48 hours as of August 21 2015.
SEC She'll pull floor cards of Strike on the New York Stock Exchange for non Trading lowest in five years to develop inside trading
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