The Final Frontier - Online Remote Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TFF who wrote (11262)	6/4/2004 12:37:42 PM
From: Dan Duchardt	Read Replies (1) of 12617

The NASD interpretation relies on a Fed staff interpretation from January 2000 that states a customer who sells a security on trade date to pay for another security purchased on that day does not have what is considered to be sufficient funds in the account. If anyone can find a link to this Fed interpretation, please post it. I have not been able to find it. It sounds contradictory to earlier opinions that have been published by the Fed. I can't find those either at the moment, but I think I have the links on an old computer.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next