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Replies to post #1142 on China North East Petroleum Holdings, Ltd.(fka CNEP

Replies to #1142 on China North East Petroleum Holdings, Ltd.(fka CNEP
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GorillaGorilla

10/26/10 9:40 AM

#1143 RE: stills999 #1142

Yesterday? I can see why your aggrieved. It's unfair to wait so long as it makes the seller position 100%. He sold because he was worried it would go down - obviously now he gets a 100% return.

I don't understand this. Perhaps others do?

rich
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derek2000

10/26/10 9:44 AM

#1144 RE: stills999 #1142

Sorry to hear it. I think SEC is unfair here. Wonder if SEC still cancels the trade if NEP dips under $1 yesterday?

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bUrRpPPP!

10/26/10 12:43 PM

#1147 RE: stills999 #1142

No way...that trade settled long ago...time to change brokers and call the SEC...demand a copy from you broker and make copies of the tranaction from you account...
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GorillaGorilla

10/26/10 1:30 PM

#1148 RE: stills999 #1142

BURRP obv has a better handle on this than me. Just reading the basics the SEC says settlement is within 3 days. Wouldn't it have to be done and dusted by T+3?

I don't know if there's any exceptions to this. When that flash crash happened I thought it got sorted out for the next day?

http://www.sec.gov/investor/pubs/tplus3.htm

rich