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Hanibal

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Hanibal

Re: None

Thursday, 03/23/2017 10:43:54 AM

Thursday, March 23, 2017 10:43:54 AM

Post# of 28509
SEC shortens cash settlement to 2 days

For all you swing traders out there. Brokers must comply by Sept 5

https://www.sec.gov/news/press-release/2017-68-0

In my opinion, settlement should happen in one day. Options transactions already settle in one day; I don't see why stock transactions shouldn't follow the same rule
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