Interactive Brokers (IBKR) To Raise Margin Requirements on China Reverse Merger Stocks to 100% (BORN) (CCME) (HOGS) (DEER) (more...)

April 11, 2011 10:16 AM EDT
As pointed out at website Zerohedge, brokerage firm Interactive Brokers (Nasdaq: IBKR) announced plans to raise the margin requirements for China reverse merger stocks from 50% to 100% over the next 3 days.

According to Interactive Brokers:

The below list of securities represent companies formed via a method known as a reverse merger which, as a result of elevated risk concerns, are subject to increased margin requirements. This increase will be implemented isn a series of steps scheduled as follows:

April 11, 2011 – 50%
April 12, 2011 – 75%
April 13, 2011 – 100%

Stocks on the list:
Feihe International, Inc. (NYSE: ADY)
AutoChina International Ltd. (Nasdaq: AUTC)
China New Borun Corporation (NYSE: BORN)
China Automotive Systems Inc. (Nasdaq: CAAS)
China Agritech Inc. (Nasdaq: CAGC)
ChinaCast Education Corporation (Nasdaq: CAST)
China Integrated Energy, Inc. (Nasdaq: CBEH)
China MediaExpress Holdings, Inc. (Nasdaq: CCME)
China Century Dragon Media, Inc. (AMEX: CDM)
China Education Alliance Inc. (NYSE: CEU)
China Green Agriculture, Inc. (NYSE: CGA)
China-Biotics, Inc. (Nasdaq: CHBT)
China Natural Gas, Inc. (Nasdaq: CHNG)
China Gerui Advanced Materials Group Ltd. (Nasdaq: CHOP)
China Intelligent Lighting and Electronics, Inc. (AMEX: CIL)
China Marine Food Group Limited (Nasdaq: CMFO)
ChinaNet Online Holdings, Inc. (Nasdaq: CNET)
China Sky One Medical, Inc. (Nasdaq: CSKI)
Clean Tech Innovations (OTC: CTEK)
Deer Consumer Products, Inc. (Nasdaq: DEER)
Duoyuan Global Water Inc. (NYSE: DGW)
AgFeed Industries, Inc. (Nasdaq: FEED)
Fushi Copperweld, Inc. (Nasdaq: FSIN)
Gulf Resources, Inc. (Nasdaq: GFRE)
Guanwei Recycling Corp. (Nasdaq: GPRC)
SmartHeat Inc. (Nasdaq: HEAT)
Zhongpin, Inc. (Nasdaq: HOGS)
Harbin Electric, Inc. (Nasdaq: HRBN)
Jiangbo Pharmaceuticals, Inc. (Nasdaq: JGBO)
Lihua International, Inc. (Nasdaq: LIWA)
Lotus Pharmaceuticals, Inc. (OTCBB: LTUS)
China North East Petroleum Holdings Limited (AMEX: NEP)
New Energy Systems Group (AMEX: NEWN)
NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV)
Orient Paper, Inc. (AMEX: ONP)
Puda Coal Inc. (AMEX: PUDA)
RINO International Corporation (OTC: RINO)
Sino Clean Energy Inc (Nasdaq: SCEI)
Shengdatech, Inc. (Nasdaq: SDTH)
Skystar Bio Pharmaceutical Company (Nasdaq: SKBI)
SOKO Fitness & Spa Group, Inc. (OTC: SOKF)
Synutra International Inc. (Nasdaq: SYUT)
Universal Travel Group (NYSE: UTA)
Shengkai Innovations, Inc. (Nasdaq: VALV)
Yongye International, Inc. (Nasdaq: YONG)
Yuhe International, Inc. (Nasdaq: YUII)
ZST Digital Networks, Inc. (Nasdaq: ZSTN)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog, Trader Talk

Add Your Comment