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Why does my broker hold deposited funds

Posted on 6/27/10 at 3:17 pm
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26586 posts
Posted on 6/27/10 at 3:17 pm
for 60 days minimum before I can take them out? It's not really a concern to me, I'm just curious.
Posted by bovine1
Walnut Ridge,AR via Tallulah,LA
Member since Dec 2004
1286 posts
Posted on 6/27/10 at 4:24 pm to
None of mine do that.
Posted by tigerpurple84
Baton Rouge
Member since May 2010
971 posts
Posted on 6/27/10 at 5:18 pm to
Me either.

I guess you're paying him to scam you. How does it feel to be the mark?
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26586 posts
Posted on 6/27/10 at 6:21 pm to
This is an online discount broker. I don't have any money in it right now.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 6/27/10 at 6:33 pm to
quote:

Why does my broker hold deposited funds
for 60 days minimum


They will generally hold deposits until they clear but that shouldn't take more than a week (if that). 60 days is unreal. I would go somewhere else.
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