Just about every year at this time, I receive emails from former students who are job hunting and looking for advice. They are often looking for finance jobs that require a Series 7, and they are hoping I can sponsor them or something. (I often sponsor students for the CFA exam, which is the source… [Read More]
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Tag: FINRA
Limits on Day Trading in Stock Accounts?
Recently, my publisher received an inquiry from a reader about day trading stocks. He said that his broker told him it was illegal to hold stocks for less than three days. What’s going on? Here’s the deal, and it’s complicated: Federal securities laws, and FINRA, call for a three-day settlement period for stock trades in… [Read More]
