InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,369.11
(
0.19%
)
Post# of 47865
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

stokbrokin

Send PM Follow Ignore
Followers 178
Posts 8952
Boards Moderated 0
Alias Born 03/12/2014

stokbrokin

Re: gonza619 post# 6126

Wednesday, 06/17/2015 5:59:22 PM

Wednesday, June 17, 2015 5:59:22 PM

Post# of 47865
yes.. that is e trade and even TDA sometimes has people wait for T+3.. before they will let you take cash out or purchase new shares.. its called a 'free riding rule' (look it up).. people without either a margin account with a free balance or more cash in the account for a cash account, must wait for the Trade to settle plus 3 days following the trade. Its an SEC & Federal thing.. been around forever.. too. it was put in place to keep people from being able to ride for free shares they bot, sold and then took money they haden't yet received be used to buy more stock.. hope this helps. peace stok
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

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.

Sign Up