Broker withdrawals blocked

Discussion in 'Retail Brokers' started by Jdesey, Jan 27, 2022.

  1. Overnight

    Overnight

    No, it's your pet dog with a bondage ball in it's mouth. You know I have always believed this, much to your chagrin. :)
     
    #11     Jan 28, 2022
  2. #12     Jan 29, 2022
  3. tomorton

    tomorton

    I have to ask - why would you deposit funds with a broker one day and withdraw them the next?

    I'm not prying, I'm not asking why did you, just why would anyone.
     
    #13     Jan 29, 2022
    murray t turtle and KCalhoun like this.
  4. %%
    Good tough question,@ first glance looks like fraud, may not be , but looks like red flag activity
    [Question 2] WHATs the exact meaning of ''madness of US based brokerages?? '':D:D:caution::caution:
     
    #14     Jan 29, 2022
    TrailerParkTed likes this.
  5. I remember one scenario of blocked ACHs. a trader transferred $5,000 to their account, turned it to $50,000 same day and tried transferring the $5,000(The old check kiting) back because he had no funds. The broker froze his account till his family wired them $5,000 to hold for ten days.
     
    #15     Jan 29, 2022
    tomorton and murray t turtle like this.
  6. %%
    MY old community bank used to fed wire in funds free to brokerage account . But we were never dumb enough to try to withdraw funds within 24 hours.:D:D EVEN on money/trades they know+/ that its good/ its still trade +2 to clear.:caution::caution:
     
    #16     Jan 29, 2022
    TrailerParkTed and tomorton like this.