Mr Cooper Group Inc fka COOP

[1969camaro-ef]

and yes it is true the funds have to settle and it takes days

Could someone please explain what is meant here by settled funds?

The reason I ask is I moved money from my checking account to my zecco account and the funds should be available tomorrow, I was going to use this money to buy WAMUQ but if it takes three days to settle why would I do that.

I understood and still believe if I have the shares in my account at the time of settlement that I would be entitled to the same as someone who owned from say 3 days before.

I own WAMUQ shares now and have had for a while; I see no reason for anyone but daytraders to trade WAMUQ after today if the above quote is true.

TIA