I get that when I purchase shares with unsettled f
Post# of 15624
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Posted On: 03/06/2017 8:24:19 PM
I get that when I purchase shares with unsettled funds. You have to wait for 3 days for the trade to clear before you can sell it otherwise it's a free ride.
In a cash account, a free riding violation occurs when the investor sells a stock that was purchased with unsettled funds. The Federal Reserve Board's Regulation T requires brokers to "freeze" accounts that commit freeriding violations for 90 days.
In a cash account, a free riding violation occurs when the investor sells a stock that was purchased with unsettled funds. The Federal Reserve Board's Regulation T requires brokers to "freeze" accounts that commit freeriding violations for 90 days.
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