Quote:
Originally Posted by candyman
I cant get in on it, no settled cash available. For some reason on Fidelity I can deposit money from my bank account and buy anything immediately except penny stocks...cash has to settle before I can buy them.
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Many large brokers have a rule like that for anything under $5 / share.
They want to make sure you don't fund a speculative stock, have it tank to worthless in a day and then yank the money out.
