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Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 254155  
Subject: Re: 3 Day Settlement Rule Date: 2/25/2014 2:23 PM
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I never had to deal with this.
Perhaps because I never wanted to sell a stock less than three days after buying it. Since I am not a day trader, why would I buy a stock I intended to keep less than three days?


By accident.
Sold by accident or bought by accident then sold to correct the mistake.

Placing a market buy order and having the price move up and you get filled at a price higher than the amount of your cash balance. Either you or the broker *must* sell something right away, because an IRA is definitely not allowed to be in margin. If you or broker sell the same stock you just bought, that's a "free-riding" violation.
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