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.
Posted by Repoman75 on :
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.
Posted by CRab on :
You can just open a new account? lol...I really did not know that...
Posted by CRab on :
So if I open multiple account with the same broker they only freeze that one account?