AppTech Payments Corp (APCX)

[lottotix]

you cant sell until the trade settle's (3 days typically) or you will be guilty of a "free ride" or violation of fed reserve's Regulation T. To avoid this you have to either put cash in the account or buy on margin in order to be able to sell prior to the trade settling. Otherwise, you have to wait until that purchase settles to sell it. Here is some info on this :


Interpretations of Federal Reserve Regulation T, which govern how trades are paid for, state that funds from liquidations in cash accounts will not be available to pay for purchases until the settlement date of the sell. Unsettled funds can be used to purchase securities as long as the new purchase is not sold prior to settlement date of the funding sale. If you hold your new purchase until settlement date of the funding sale, this is not considered to be a freeride since the purchase has been paid for with the original unsettled proceeds. If you sell your new purchase prior to the settlement date of the funding sale, your account will be noted with a freeride.