InvestorsHub Logo

not one red cent ~NORC~

01/16/20 5:05 PM

#10 RE: meffoos #7

Your purchase has to settle by that date. It used to be 3 days to settle, but they changed it to 2 days a few years ago.

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.

The amended rule is designed to enhance efficiency, reduce risk, and ensure a coordinated and expeditious transition by market participants to a shortened standard settlement cycle.



Magnum7419

01/16/20 9:01 PM

#11 RE: meffoos #7

Usually it takes 3 days for the trade to settle IMHO

To be safe I will call TDA :)