Perfectly legal as Bob says.However, your sell funds will be denied
for seventy-two hours.
Most annoying, Market Makers, specialists,
brokers, Wall Street in general, are not
subject to this seventy-two hour delay.
Actually, in a sense, they don't even
have to pay for the stock. They only
need to balance their books periodically.
Philosophy is private investors are major
crooks and criminals, and Wall Street is
populated by God's angels who never ever
do anything wrong.
Purl Gurl