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Mr_Bill

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Alias Born 11/03/2006

Mr_Bill

Re: None

Friday, 11/03/2006 6:01:02 PM

Friday, November 03, 2006 6:01:02 PM

Post# of 308
Any way around the Three Business Day rule?

I have just opened an account with E-Trade and the first thing I noticed was that if I sell some stock I have to wait three business days before I can use the proceeds from that sale. Am I doing something wrong and/or is there anyway around this? Maybe switch to a different type of broker like TradeStation? I was told that this is an SEC regulation and there is nothing you can do about it.

Thanks for any advice!!!

Mr. Bill

"Me want cookie!"
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