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The settlement time on stocks is minutes. There is no requirement that brokerages are slow to settle. That is your brokerage choosing to be risk adverse.
by vorpalhex 3y ago
The settlement time on stocks is minutes. There is no requirement that brokerages are slow to settle. That is your brokerage choosing to be risk adverse.
- legitster 3y agoThe requirements are set by the SEC: https://www.sec.gov/about/reports-publications/investor-publications/about-settling-trades-in-three-days-introducing-t-3 https://www.sec.gov/about/reports-publications/investor-publ...
- vorpalhex 3y agoI'm going to repeat myself. There is no requirement that brokerages are slow to settle. There is a requirement - the one you linked - that a brokerage may not take MORE than three days. It does not require them to take three days. A brokerage can settle as fast as it can.