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Subject:  It's About TIME! Date:  8/5/2017  1:48 PM
Author:  sunrayman Number:  7 of 11

The SEC has announced the following change:

Effective Sept 5, 2017 the U.S. Securities and Exchange Commission (SEC) requires all broker/dealers to comply with the new standard securities trade settlement cycle to the second day after a trade is executed (T+2) for equities, corporate and municipal bonds, mutual funds, and other securities which previously settled on the third day after a trade is executed (T+3). There are no changes to the settlement for securities that settle next day (T+1).
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