Replies to post #49928 on Supatcha Resources Inc. (SAEI)

[Anxious_1]

1st offense you get a warning letter
2nd offense you get a warning letter
3rd offense 90 day account suspension

so you will be alright if this is your first offense because
you will just get a warning letter.

If you are with scottrade.

[GoGamecocks]

You have a couple of options: A) you sell and take a free ride and you cannot purchase with unsettled funds for 90 days; B) You deposit enough funds to cover your purchase on Friday; or C) you sell enough of a security to cover the purchase on Friday. Both B and C result in a Good Faith Violation, where you get a violation, but no action will be taken unless you rack up two more.

Someone correct me if I am wrong, because I have never actually Sold unsettled funds.