The settlement time on stocks is minutes. There is no requirement that brokerage... | Hacker News

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		vorpalhex on July 13, 2023 \| parent \| context \| favorite \| on: Founder of crypto lender Celsius Network arrested,... The settlement time on stocks is minutes. There is no requirement that brokerages are slow to settle. That is your brokerage choosing to be risk adverse.

legitster on July 13, 2023 [–]

The requirements are set by the SEC:

https://www.sec.gov/about/reports-publications/investor-publ...

vorpalhex on July 13, 2023 | [–]

I'm going to repeat myself.

There is no requirement that brokerages are slow to settle.

There is a requirement - the one you linked - that a brokerage may not take MORE than three days.

It does not require them to take three days. A brokerage can settle as fast as it can.

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