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Microcap & Penny Stocks : NAUGHTY NOTES-SHORT TERM STOCK TRADING IDEAS
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To: NAUGHTY NOTES who wrote (244)4/29/1999 2:22:00 PM
From: Buckey  Read Replies (2) of 751
 
NN - I and everyone I know have a 3 day settlement period for all trades. DO floor traders or other big players of any sort have different settlement rules.

I ask because Iread one time that the brokers had until noon EST on the last tradingday of the month to settle up all trades for that month

In effect they could buy or short a stock at 12.01 on the last trading day of the month or anytime after that and not have to settle until noon at the end of the next month.

Is this true??? If so then month end is not until noon tomorra.
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