_____________ requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations
Regulation U requires that a statement of purpose be obtained from borrowers whose loans are to be greater than $100,000 and that will be secured by margin stock. Loans made for the purpose of purchasing margin stock are subject to additional limitations. This regulation is specifically designed to oversee the use of credit for the purpose of buying and carrying margin stock.
Regulation U requires lenders to obtain a statement of purpose from borrowers for loans exceeding $100,000 that will be secured by margin stock. It also imposes additional limitations on loans made for the purpose of purchasing margin stock.