Final answer:
A FINRA maintenance call will occur in a long account if the equity drops below the maintenance margin requirement, typically set at 25% of the total value of the securities held in the account.
Step-by-step explanation:
A FINRA maintenance call will occur in a long account if the equity drops below a certain level, known as the maintenance margin requirement.
The maintenance margin requirement is typically set at 25% of the total value of the securities held in the account.
For example, if the equity in a long account drops below 25% of the total value of the securities, a maintenance call will be triggered.
A FINRA maintenance call will occur in a long account if the equity drops below the maintenance margin requirement, typically set at 25% of the total value of the securities held in the account.