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Exact(36)
When investors take out loans, called margins, from their brokers, they use stock as collateral.
Mr. Todd also questioned the Fed's decision to accept stock as collateral backing a loan to a bank.
Instead, he can simply use his stock as collateral to borrow against his tremendous wealth and avoid all tax.
So instead, he borrowed about $100 million, using a large chunk of his Enron stock as collateral.
The Fed sets the margin, or the amount an investor can borrow to purchase stock, using the stock as collateral.
While the record is unclear on this point, it appears that during the period from 1942 to 1945 he pledged considerable stock as collateral for loans.
Similar(24)
Over the next 15 years, Yerkes used stock in one line as collateral to acquire the next, creating a tangle of companies to own, build, or operate various parts of his transit system.
He told investors he would use their cash and stock deposits as collateral in trading on their behalf for the hedge fund, the SEC said.
In addition to insider trading, Dr. Waksal was charged with obstruction of justice and with conspiracy to commit perjury and bank fraud, for pledging the same ImClone stock warrant as collateral for two separate loans.
A Los Angeles brokerage holding $4 million in stock pledged as collateral on loans made by the Energy Bank, and nervously watching the slide in FCP's price, set a Feb. 11 deadline for the bank to retrieve the stock and pay back a $2-million 2-millionad received for it.
It said Goldman , Sachsbought shares in a Maxwell-owned company on behalf of a buyer who turned out to be Mr. Maxwell himself, helping to stave off creditor banks holding the stock as loan collateral.
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