Need help here

maserati

I bought TZA in ext PM yesterday and sold in ext AM this morning. But stupid Ameritrade didn't have the cash proceed from the trade even though my account shows 100% cash. I emailed them and I was told it will take three days to settle cash from this trade. They gave me some kind of bull sh*t saying that Federal Securities regulations require stock and bond purchases to settle within three business days. That means I won't have the cash until Friday. Never heard this before. Is this some kind of  settlement failure? Thanks.

当时惘然

Keep on disputing with manager to get margin if possible.

weigoodone01

Seems to be true. same situation with my account.

dayuangone8

You don't have margin with account?

maserati

dayuangone8 发表于 2011-8-10 08:17
You don't have margin with account?

I do

maserati

回复 dayuangone8 的帖子

Oh, sh*t. I just checked my account. They disabled margin on my account. I just recently closed my IB account and transferred fund to this one which haven't been used for a while. I need to ask they why disabled margin. That's strange.

Silly me again. I have 2 Ameritrade accounts. One has margin the other doesn't. I thought I was trading the one with margin.

wyemlyy

margin release speed 挺重要的，IB好像是隔天？有慢的也有快的，有些BROKER跟它打电话它会给改成当天RELEASE