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A comment on What Economists Still Don’t Get About the 2008 Crisis. Parent comment

Re:What Economists Still Don’t Get About the 2008 Crisis by fallingfrog on Monday July 30, 2018 @04:11PM (#17647576)
Fidelity is a cheap provider?
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Re:What Economists Still Don’t Get About the 2008 Crisis by JumpCrisscross on Monday July 30, 2018 @04:55PM (#17647937)
> Fidelity is a cheap provider?

No, but they have different tiers of service. In my account, for example, I can sell and purchase intraday. They do what they do for my personal account, which is credit the cash intraday. TL; DR This is not a legal, but contractual, requirement.

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Re:What Economists Still Don’t Get About the 2008 Crisis by mi100hael on Monday July 30, 2018 @08:25PM (#17649526)
It's a legal requirement to some extent unless you have a margin account. Funds take two days to settle. If you sell, buy, and sell again within two days, your account can be suspended for violating SEC rules.

https://www.ally.com/do-it-right/investing/what-are-unsettle...

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Re:What Economists Still Don’t Get About the 2008 Crisis by fallingfrog on Monday July 30, 2018 @07:08PM (#17649024)
I see! Good to know. Still, I'm inclined to believe that more people are in my tier of service than are in yours.
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