22nd Century Group Inc (XXII): "The Federal Reserve Board's Regulation...

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22nd Century Group Inc (XXII)

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Re: Asyp post# 29192

Thursday, 11/19/2015 1:37:14 PM

Thursday, November 19, 2015 1:37:14 PM

"The Federal Reserve Board's Regulation T requires brokers to "freeze" accounts that commit freeriding violations for 90 days. Accounts with this restriction can still trade but cannot purchase stocks with unsettled sale proceeds (stocks take three days to settle).[1]"

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