|December 4, 1997|
Mr. Robert J. Kecseg
Dear Mr. Kecseg:
This responds to your letter of December 3, 1997, concerning the margin status of a security listed on the Boston Stock Exchange. A copy of the Board's margin regulations is enclosed for your convenient reference.
Section 220.2 of Regulation T defines margin security to include "any registered security" and registered security as a security "registered on a national securities exchange." The Boston Stock Exchange is a national securities exchange registered with the Securities and Exchange Commission under section 6 of the Securities Exchange Act of 1934. Therefore, any security listed on the Boston Stock Exchange is a margin security for purposes of the Board's Regulation T.
We trust you will find this information responsive to your inquiry.
(signed) Scott Holz
Return to top