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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Claude who wrote (61977)	3/23/2006 4:34:59 PM
From: tom pope	Read Replies (2) of 206093

I'm subject to correction on this one, so fire at will. I believe that the no trades until settlement rule is not Reg T mandated, but mandated by the brokerage. It's been six years since I had the need to read Reg T, but the wording is something to the effect that the trade is not free riding if there is a reasonable expectation that funds will be available on the settlement date. And that is obviously the case when the buy and the sell will settle simultaneously. I think the free riding rule is designed to stop multiple trades.

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