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The requirements are set by the SEC: https://www.sec.gov/about/reports-publications/investor-publications/about-settling-trades-in-three-days-introducing-t-3 h
by legitster 3y ago
The 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.