Which of the following positions are marginable?

Nonmarketable securities, such as private equity or certain restricted stock, lack a public market for trading, which makes them illiquid and unsuitable for margin accounts. Due to their inability to be readily bought or sold, they do not qualify as marginable instruments under regulatory standards.

Securities held in a Uniform Transfers to Minors Act (UTMA) account are generally not marginable. These accounts are custodial accounts intended for the benefit of minors, and the regulatory framework typically restricts the use of margin trading to protect the interests of the minor until they reach the age of majority.

New issues, or initial public offerings (IPOs), are not marginable for the first 30 days following their issuance. This restriction is imposed to prevent excessive speculation and provide a period during which the market can establish a fair price for the new security without the influence of margin trading.