Ronn Motor Group Inc (RONN)

[ThurstonHowellThe3rd]

Effective May 28/24 SEC New T+1 Settlement should slow down flippers trading $RONN on unsettled funds.

"What Will Change?
Under the new “T+1” settlement cycle, all applicable securities transactions from U.S. financial institutions will settle in one business day of their transaction date. For example, if you sell shares of ABC stock on Monday, the transaction will settle on Tuesday. That means that if you have a securities certificate, you may need to deliver your securities certificate to your broker-dealer earlier or through different means than you do today. If you hold your securities with your broker-dealer, your broker-dealer will deliver the securities on your behalf one day earlier. Similarly, if you are buying securities subject to the “T+1” settlement cycle, you may need to pay for your securities transactions one business day earlier. "

https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor-bulletin