Friday, May 9, 2008

Brian, Unsettled funds?

WTF is this? I'm being told that the money I receive from selling stocks can be used to purchase new stocks, but I'm restricted from selling for 3 business days? Tradeking and Scottrade do the same damn thing. What the hell is this? Industry standard?

Am I that dumb to have never heard of this? Isn't anyone else bothered by this? Money's being held for 3 days without getting interest. I'm supposedly free to purchase stocks, but I'm held down from selling for 3 days. WTF is up with that?

Unsettled funds my arse.

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