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To: allen v.w. who wrote (13324)	4/6/1999 7:33:00 PM
From: TsioKawe	Read Replies (2) of 40688

Allen, I think your brokerage firm is taking you for a ride. I have done the same thing, If it is because you purchased the stock, then sold it before the account settled then your account will be restricted on a cash only basis for 3 months. This means you cant purchase a stock until the account has an adequate amount of cash in advance. what you appear to have done is called "free riding" but it does not give them the right to nulify anything. For the 500 shares you are willing to give away I am sure an attorney can resolve this issue and you can keep the other 1000. I maybe wrong but the only time a brokerage firm can liquify your equities without your permission is in the event a settlement was not made within the 3 days of purchase, then they can liquify said assets to settle the account. If it was sold for a loss then you would be billed for the remainer, If it was sold for a gain then you keep the gains. It appears your brokerage firm is short this issue. If you were freeriding this is different and may only get your account temporiliy restricted which is no big deal. It has happened to me twice and I still trade without a glitch. Hope this helps. TsioKawe

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