Wialan Technologies Inc (WLAN)

[Entangled Proton]

Here's the explanation I got from Fidelity.
Someone using a "cash account" has violated Regulation T and their acct is being settled. More commonly known as "free riding".

Most common cause: shares were bought with a deposit that bounced after credit was issued.

2nd most common cause: Proceeds from one stock sale were used to fund the purchase of other shares, but the new shares were sold before the sale of the old shares settled. (Not allowed on cash accounts)

Action: Broker sends request to immediately deposit additional funds. Failure results in broker undoing trades and acct is suspended for 90 days on 1st offense.