Replies to post #140150 on OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

Sorry, the trade cycle has been changed to the date the trade was executed plus 2 days to settle - it is called the T+2 Settlement Cycle.

If you worked at a brokerage you would have known that the trade cycle had been changed - BUSTED. LOLOL!!!

I worked in a brokerage...obviously you'd never pass your series 6 or 7 like I did

Here you go:

"Washington D.C., March 22, 2017 —
The Securities and Exchange Commission today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. The amended rule shortens the settlement cycle to two business days, T+2."

It has been over a year since the Trade cycle has been changed. SMH!

https://www.sec.gov/news/press-release/2017-68-0

IG