Replies to post #39314 on Houston Natural Resources Corp (HNRC)

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Technically, you are not the owner of a stock after purchase until the transaction settles, which takes about three business days, referred to as "T+3." Counting begins on the next business day after you buy the shares. The settling or clearing period is important. It takes three days for your money to transfer to the seller and that amount of time for the seller to deliver the shares into your account. You become the shareholder of record once the shares settle into your account.