In a cash account, a free riding violation occurs
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Posted On: 04/22/2017 9:03:22 AM
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.
https://en.wikipedia.org/wiki/Free_riding
https://en.wikipedia.org/wiki/Free_riding
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