Hello. I received the following e-mail on Friday:
"As of 15:03 ET on 06/24/2022 your Alpaca account ____ does not meet regulatory margin requirements. If action is not taken today, this may result in a margin call on the next business day.
As of: 15:03 ET on 06/24/2022
Equity: $-16.95
Margin Maintenance Requirements: $716.86"
I’m very confused because I had a balance of $27K in the account with only about $2K of open positions. I should not even be using any margin. I closed the trades but was wondering why I received this e-mail. Thanks!