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Once broker-dealers accept an offer to trade through

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Tellin_Fibs Member Level  Friday, 05/19/17 07:38:48 AM
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Compensated Awareness Post - View Disclaimer
Once broker-dealers accept an offer to trade through OTC Link or through another means of communication, they must report, clear, and settle the trade. Part of this process is the confirmation of the trade with the investor; however, the trade will not be complete until final settlement (the delivery of funds by the buyer and securities by the seller), which, for equity securities is generally three business days after the trade date (T 3).

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