新手用Etrade被关90天，怎么办？# Stock
b*g
1 楼
Etrade帐号里的钱不能用了，是不是因为交易得太频繁了？是不是说每次卖完都要等3
天才能卖第二次？这下要被关90天了，大家有推荐一下用什么Broker没有这个问题？
Thank you for your message regarding the availability of funds in your
account.
After the purchase and sale of securities, there is a federally regulated
period known as settlement. For stocks, this period is three business days,
for mutual funds this can be one to three business days depending on the
mutual fund. During this time, the market makers can review executed orders
and make any necessary corrections.
Per industry regulations, if an investor purchases a security using any part
of proceeds generated by an unsettled sale, then the purchased security
must be held for three business days to avoid a free-riding violation. The
system will not prevent you from selling the shares, but if they are sold
prior to settlement of the purchase, then a 90 day free-riding restriction
will be assessed against the account. During this 90 day period, settlement
will need to be completed before having access to the sale proceeds.
The example below illustrates the type of activity that will result in an
account being placed on a 90-day restriction:
At the beginning of the day, a customer holds 1,000 shares (settled) of ABC
shares in a cash account. The customer then makes the following transactions:
- The customer sells the shares of ABC for $25,000.
- Using the funds from the sale of ABC, the customer then purchases shares
of XYZ for $25,000 on the same day.
- Before the sale of ABC has settled, the client sells the position in XYZ
and receives $25,000.
In this example, the customer essentially sold the XYZ shares before paying
for them, as the original XYZ purchase transaction had not yet settled. This
would result in the 90-day trading restriction referenced above being
placed on the account.
As per industry regulations, one free-ride violation requires E*TRADE
Securities to restrict the account for 90 days. This is to help prevent a
second free-ride violation. A second violation would require that the
account be closed.
Sincerely,
天才能卖第二次？这下要被关90天了，大家有推荐一下用什么Broker没有这个问题？
Thank you for your message regarding the availability of funds in your
account.
After the purchase and sale of securities, there is a federally regulated
period known as settlement. For stocks, this period is three business days,
for mutual funds this can be one to three business days depending on the
mutual fund. During this time, the market makers can review executed orders
and make any necessary corrections.
Per industry regulations, if an investor purchases a security using any part
of proceeds generated by an unsettled sale, then the purchased security
must be held for three business days to avoid a free-riding violation. The
system will not prevent you from selling the shares, but if they are sold
prior to settlement of the purchase, then a 90 day free-riding restriction
will be assessed against the account. During this 90 day period, settlement
will need to be completed before having access to the sale proceeds.
The example below illustrates the type of activity that will result in an
account being placed on a 90-day restriction:
At the beginning of the day, a customer holds 1,000 shares (settled) of ABC
shares in a cash account. The customer then makes the following transactions:
- The customer sells the shares of ABC for $25,000.
- Using the funds from the sale of ABC, the customer then purchases shares
of XYZ for $25,000 on the same day.
- Before the sale of ABC has settled, the client sells the position in XYZ
and receives $25,000.
In this example, the customer essentially sold the XYZ shares before paying
for them, as the original XYZ purchase transaction had not yet settled. This
would result in the 90-day trading restriction referenced above being
placed on the account.
As per industry regulations, one free-ride violation requires E*TRADE
Securities to restrict the account for 90 days. This is to help prevent a
second free-ride violation. A second violation would require that the
account be closed.
Sincerely,
