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Each stock has a 25 percent maintenance margin requirement. Mr. Jones has a $6,000 unmet maintenance margin call, so the broker sold out some of his securities. The broker chose to sell out GHI. Mr. Jones is in a very high tax bracket, so the sale results in a large tax bill for him.
For example, if you short 100 shares of stock at $20 per share and it goes up to $30, you must have at least $750 in cash in the account. Some firms require as much as 40 percent in maintenance margin, in which case you would need $1,200 in cash equity in this example.ou may have to buy the stock back at a much higher price than the price at which you sold. To help reduce this risk, firms require you to have at least some money in your account if you want to sell a stock short.