IN CHINA MARGIN ACCOUNT UNDER FIRE
July 15, 2015
China’s security regulator has tightened scrutiny of trading on margin. This is borrowing money to buy stock. The Chinese government is trying to stabilize its wild stock market which has dropped 20% in the last month. The government crackdown is on peer-to-peer lending (also called P2P). Maybe the Chinese are learning the lesson that all our clients know, margin is high risk and we don’t recommend it.
Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.