Silicon Investor (SI) -- The First Internet Community

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.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: dan oreilly who wrote (17879)	11/27/1998 9:00:00 PM
From: whyretire	Respond to of 119973

My understanding is that the T+3 day rule was implemented in 95 by the SEC but that brokers have flexibility in applying the rule. They can sell the buy if not settled or they can charge a penalty. It seems odd that the SEC gives the broker an option to sell the buy but the trader can't do the same during the 3 day settlement period. But if that's the way it is, that's the way it is. You're right, it's a hassle dealing with the internet customer service reps. They're not fully trained and they can't fully answer some very basic questions. Next time I'm talking to Peter Lynch himself.