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Author Topic: Question for the board............Unsettled funds
doubleS
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I bought into stock yesterday using unsettled funds and it is up about 80%, now I just got of of 90 day suspension from using unsettled funds and selling but my question is what will happen if I sell this stock. Will they suspend me from trading in the future for good, do they keep any of the money I made for interest or will they stop the trade and say it was no good.
Posts: 370 | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
Repoman75
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They can't keep your funds. They'll restrict the account to closing transactions only.. shut yo azz down.

But sell if you have to, and then open a new account and transfer the funds.

--------------------
Stick with Repo's plan in '07 - FRPT/DKAM!
Posts: 6379 | From: PA | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
CRab
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You can just open a new account? lol...I really did not know that...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
CRab
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So if I open multiple account with the same broker they only freeze that one account?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
   

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