WHEN STOCKS MEET APE

For Apes By Apes! When the Moon Is The Only Vacation That Matters!

  • FTD

     CrayonMuncher updated 1 year, 2 months ago 2 Members · 2 Posts
    AMC
  • Jesse

    Member
    July 16, 2021 at 6:32 am

    Failure to deliver, I understand what it is, I do know about T+2 and also T+13. What I don’t know is what happens after T+13? What if shares aren’t delivered after T+13?

    Thanks

  • CrayonMuncher

    Member
    July 16, 2021 at 11:56 am

    Here is some good info from the SEC website that might help answer some questions. You might want to dig in a little deeper into “Rule 204 – Close-out Requirements”. In here, it talks about Rule 203(b)(3) which is what you might be referring to. Also, keep in mind close outs for short and long positions follow slightly different time schedules.

    The faq section is also really good. Check out #5.

    Basically Rule 204 lays out the rules of the game and Rule 203(b)(3) lays out the action taken if the rules aren’t followed.

    https://www.sec.gov/investor/pubs/regsho.htm

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