SEC changes changes T+2 settlement to T+1 effective May 28, 2024

From r/Fidelityinvestments

Original Author: u/Critical-Subject-554

New rule goes into effect after Memorial Day.

Link to press release at sec.gov below:

https://www.sec.gov/news/press-release/2023-29#

DogPeePoo , 4 months ago

It should be instantaneous settlement

The technology exists

Why T + 1?

(Where 1 = 1 day of pure fuckery)

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