Under Regulation T, when a security is purchased, the funds must be received by TradeKing prior to the sale of that security. If the respective security is sold prior to TradeKing receiving the appropriate funds, the credit from the sale will not be applied to the account and the account will be placed on a 90-day restriction. Orders placed in a restricted account will have to be placed through a broker.

Stock trades settle (clear) 3 business days after the trade date under Regulation T of the Securities and Exchange Act of 1934. If you sell shares purchased with the funds from another sale which was not settled (prior to the 3rd business day after the sale) in a cash account it is a violation of SEC rules. This rule does not apply to margin accounts if you are interested in trading unsettled funds you should submit a margin account form. You can download this form from the Apps & Forms page on the Services Tab.

06/06/2006 Version 001