### Comment:
&gt;yes he could’ve been royally screwed.  
  
 That was my point - because when he's screwed, and then broke, the lender is royally screwed. So why would a lender give a newbie they've never dealt with before $26m without security? That's what I found less than credible.

### REPLY:
The broker can afford to lend that much that’s why they allow it. 26million is a drop in the bucket for them. I suggest you look up how brokers determine how much they allow people to trade on margin and how leveraging can influence that.

### END.