Posted On: 08/01/2014 4:02:52 PM
Post# of 30038
Re: itwentdwnhwmch #2858
True, one can repurchase shares with unsettled funds, but in my examples the initial shares were purchased on a Monday, so selling those shares before settlement would result in a violation of the trading rules, unless there existed sufficient settled cash in the account to satisfy the unsettled funds requirements.
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