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Trade Date delat to funds deposited

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mikehammer

New member
If my broker makes a trade at noon on the 21st of a month, and the settlement date is the 25th with the 23rd and 24th being a weekend, with no intervening holidays;

Is it legal that the funds would not be deposited until after COB on the 26th of that month?
 


Zigner

Senior Member, Non-Attorney
What US state?
What do the terms of your account say with regard to this matter?
 
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