I have accounts at E-trade, Fidelity, TD Ameritrade, Scottrade and they have the same rule. You can buy right away with proceeds from a sale but you cannot sell the new stock until T+3 (settlement date) of the previous sale. It is an SEC rule
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.