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Re: boomer0921 post# 2816

Monday, 12/31/2018 12:08:04 PM

Monday, December 31, 2018 12:08:04 PM

Post# of 2970
Your broker is protected by law as well. Much like your bank is. If you go to an ATM and the machine gives you more money than in your account that money is not yours. Similarly, if money is transferred into your account in error and you spend it, you have to pay it back.

You don't own shares of a company until the transfer is settled which in this case any shares purchased between June and 12/21 couldn't be settled until 12/22.