Replies to post #3897 on Fortress Financial Group fka FFGO

[rbl100]

According to my broker, the 3-day settlement time frame is only for "time" to review the trade for any errors. Once you place a trade and it "completes" that is the day you either own or no longer own a stock (the same day when a trade completes indicates "owning" or "not owning"). Hope this helps

[enlightened1]

'Pennies': You will not be able to sell any 'dividend' stock until it is 'settled' in your brokerage account. It is different when your broker has purchased stock for you - you can sell it immediately via the same broker.

When you are in a position to sell your dividend shares, the price will already have been adjusted to reflect the split. Which, at present means you won't be able to sell them as there will be no takers at .0001 and you can't put a sell order in for less.

But for your 'entitlement' to dividends, then follow the postings of the written brokerage advice from Ameritrade (someone posted) or the SEC I posted which details the same.