5114. Client securities that are collateral for a margin debt

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    1. If a client is in debt to a Dealer Member, all securities the Dealer Member holds for the client, up to an amount that reasonably covers the margin debt, are collateral for payment of the debt.

    2. The securities a Dealer Member holds under subsection 5114(1) are collateral security subject to Form 1, Schedule 4 and to any agreement between the Dealer Member and the client.

    There is no history log for this rule.

    There is no history log for this rule.