b**********g
发帖数: 141 | 1 Etrade帐号里的钱不能用了，是不是因为交易得太频繁了？是不是说每次卖完都要等3
天才能卖第二次？这下要被关90天了，大家有推荐一下用什么Broker没有这个问题？
Thank you for your message regarding the availability of funds in your
account.
After the purchase and sale of securities, there is a federally regulated
period known as settlement. For stocks, this period is three business days,
for mutual funds this can be one to three business days depending on the
mutual fund. During this time, the market makers can review executed orders
and make any necessary corrections.
Per industry regulations, if an investor purchases a security using any part
of proceeds generated by an unsettled sale, then the purchased security
must be held for three business days to avoid a free-riding violation. The
system will not prevent you from selling the shares, but if they are sold
prior to settlement of the purchase, then a 90 day free-riding restriction
will be assessed against the account. During this 90 day period, settlement
will need to be completed before having access to the sale proceeds.
The example below illustrates the type of activity that will result in an
account being placed on a 90-day restriction:
At the beginning of the day, a customer holds 1,000 shares (settled) of ABC
shares in a cash account. The customer then makes the following transactions:
- The customer sells the shares of ABC for $25,000.
- Using the funds from the sale of ABC, the customer then purchases shares
of XYZ for $25,000 on the same day.
- Before the sale of ABC has settled, the client sells the position in XYZ
and receives $25,000.
In this example, the customer essentially sold the XYZ shares before paying
for them, as the original XYZ purchase transaction had not yet settled. This
would result in the 90-day trading restriction referenced above being
placed on the account.
As per industry regulations, one free-ride violation requires E*TRADE
Securities to restrict the account for 90 days. This is to help prevent a
second free-ride violation. A second violation would require that the
account be closed.
Sincerely, | o*********l
发帖数: 1807 | 2 Reg T is a regulation by SEC, all brokers have to follow it, get your
margin account up to 25,000.
I like scottrade.
Scottrade， 推荐码: FBOU3012 | b**********g
发帖数: 141 | 3 推荐码是干嘛用的？考虑弄一个Scottrade account.
【在 o*********l 的大作中提到】
: Reg T is a regulation by SEC, all brokers have to follow it, get your
: margin account up to 25,000.
: I like scottrade.
: Scottrade， 推荐码: FBOU3012
| o*********l
发帖数: 1807 | | m*****t
发帖数: 1987 | 5 没有说不能用吧？只是每次你卖了后必须等3个BUSINESS DAY 钱才能用
3
,
orders
part
【在 b**********g 的大作中提到】
: Etrade帐号里的钱不能用了，是不是因为交易得太频繁了？是不是说每次卖完都要等3
: 天才能卖第二次？这下要被关90天了，大家有推荐一下用什么Broker没有这个问题？
: Thank you for your message regarding the availability of funds in your
: account.
: After the purchase and sale of securities, there is a federally regulated
: period known as settlement. For stocks, this period is three business days,
: for mutual funds this can be one to three business days depending on the
: mutual fund. During this time, the market makers can review executed orders
: and make any necessary corrections.
: Per industry regulations, if an investor purchases a security using any part
| b**********g
发帖数: 141 | 6 那大家如果要频繁交易是不是就要有$25,000放在帐号里不能动作为Margin？或者用不
同几个Broker轮流上？ | o*********l
发帖数: 1807 | | Z****g
发帖数: 13731 | 8 》25000 是一定要的
【在 b**********g 的大作中提到】
: 那大家如果要频繁交易是不是就要有$25,000放在帐号里不能动作为Margin？或者用不
: 同几个Broker轮流上？
| b**********g
发帖数: 141 | 9 那如果我帐号里有超过$25,000就不用等3天了吗？
【在 m*****t 的大作中提到】
: 没有说不能用吧？只是每次你卖了后必须等3个BUSINESS DAY 钱才能用
:
: 3
: ,
: orders
: part
| Z****g
发帖数: 13731 | 10 不用，但是如果HOLD OVERNIGHT， 要等一天
【在 b**********g 的大作中提到】
: 那如果我帐号里有超过$25,000就不用等3天了吗？
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