For further reading on the topic please see these valuable resources on the Financial Industry Regulatory Authority (FINRA) web site:
Purchasing on MarginUnderstanding Margin Accounts
http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/MarginInformation/p005922
Day Trading Information
http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/DayTrading/index.htm
Day Trading Margin Requirements: Know the Rules
http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/DayTrading/p005906
Margin Account Disclosure Statement
http://www.finra.org/web/groups/investors/@inv/@smart/@advanc/documents/investors/p005895.pdf
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