Hall of Fame Beverages, Inc (HFBG)

[ozzy52]

Yes thats right, if your wire transfer in the funds the money gets to Scottrade immediately and so you can buy penny stocks immediately. What has the 3 day waiting period for penny stocks is if you use their "Money Direct" service where you give Scottrade the id and password to your online banking service and somehow they are able to use those and deduct money from your bank account and put it into your Scottrade account. In that case the money doesn't actually get into Scottrade's hands right away. Its a nice service, particularly since its free, but there is that 3 day waiting period if you want to buy penny stocks.