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What about funded accounts with no clearance in progress? This explanation only makes sense if RH allowed the above situations to buy, yet it seems they restri
by TuringNYC 6y ago
What about funded accounts with no clearance in progress?
This explanation only makes sense if RH allowed the above situations to buy, yet it seems they restricted globally.
- gruez 6y ago> What about funded accounts with no clearance in progress? Other comments have already mentioned that they can't use customer funds for the deposit, so they need to pay it out-of-pocket or borrow it.
- TuringNYC 6y agoI think this is only the case when the customer has sold something and immediately buys before clearance. I'm speaking about the standard case where you purchase stocks with funds in your account -- does that also require a deposit from the broker?
- wbl 6y agoYou're expecting a basic level of competence and maturity that RH doesn't have as evidenced by past problems.
- skybrian 6y agoThe stock trade still takes two days to settle. Apparently this is to allow for correcting errors before it becomes irreversible.