Among other things, the rule amends Regulation T to (1) eliminate restrictions on the ability of broker-dealers to arrange for credit; (2) increase the type and number of domestic and foreign securities that may be bought on margin and increase the loan value of some securities that already are marginable; (3) delete Board rules regarding options transactions in favor of the rules of the options exchanges; and (4) reduce restrictions on transactions involving foreign persons, securities, and currency.
The amends to Regulation T help eliminate and reduce restrictions for financial securities and credit.
i can see that there might be a reason for one but i would hate to do that because uh that would be very difficult for my family financially to to afford a state income tax and most states have it i know and i've lived in states that have had it but way uh way financing is now if we had a state income tax i'd uh have a very hard time financing my house again you know paying off my mortgage each month that's so that's a problem um which just matter of we'll see what happens i'd rather have that i guess than have a state state lottery because when you bring