Series 24: Cash Settlement And Delivery Of Securities

Taken from our Series 24 Online Guide

Cash Settlement and Delivery of Securities

With respect to cash accounts, securities traders must pay for purchased securities by the regular way settlement date, meaning that payment must be made by the third business day after the trade date (T + 3) and the securities cannot be remarketed until the payment has been made. With margin account

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Karmen Richards, Multi Financial Securities, Greensboro, NC