If the brokerâs equity requirement is 25 percent, the customer must maintain $15,000 in equity in the account. If the customer has an outstanding margin loan against the securities of $50,000, his equity will be $10,000 ($60,000 - $50,000 = $10,000).
James D. St. Clair argued in his Supreme Court brief on President Nixon's behalf that this language demonstrated the Framers' intent that any prosecution would follow impeachment and removal from office and that, consequently, a President could not be prosecuted while in office.
4. If two-thirds of the Senate votes for a conviction, the president is removed from office and can never hold a position in government again. This doesnât mean that the impeached president has to go to jail or pay a fine, for that to happen the case has to be picked up and continued in a civil court.