NorthWest Biotherapeutics Inc (NWBO)

[flipper44]

I should have said, how does t+1 effect the good faith free rider rule.

It appears, though I could be wrong,

After May 28, 2024, the scenario below would apparently no longer violate the good faith free rider prohibition, because they waited until Day 2 (aka T+1)?

What is a Good Faith Violation?
A good faith violation is the purchase of a security with unsettled funds, and subsequent sale of that security before the proceeds funding that purchase have settled.
Example:
Day 1 Sell 100 XYZ @ 20
Day 1 Buy 100 ABC @ 10
Day 2 Sell 100 ABC @ 15
The purchase of ABC is made using unsettled proceeds generated by the sale of XYZ, which will not settle until Day 3. Because the ABC is sold prior to settlement of the XYZ proceeds used to make that purchase, the sale results in a Good Faith Violation.