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FINRA Advises Retail Customers on Impact of New T+1 Cycle

In an Investor Insight article, titled: "Understanding Settlement Cycles: What Does T+1 Mean for You?" FINRA advised retail customers who do not currently keep their cash and securities with their broker-dealer, to deliver assets required for settlement by the day following trade date.

The investor education article is intended to keep customers informed of the impact of the T+1 rule amendment, scheduled to go into effect on May 28, 2024.

Primary Sources

  1. FINRA: Investor Insights: Understanding Settlement Cycles: What Does T+1 Mean for You?
  2. SEC: Final Rule: Shortening the Securities Transaction Settlement Cycle

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Tags

Regulated Activities
Trading
Sub-Activity
Trade Settlement
Regulated Entities
Broker-Dealers Traders / Investors / Counterparties
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA