How does a good faith violation affect my cryptocurrency trading on TD Ameritrade?

3 answers

• May 09, 2022 · 3 years ago
  A good faith violation occurs when you buy a security and sell it before paying for the initial purchase in full using settled funds. In the context of cryptocurrency trading on TD Ameritrade, a good faith violation can occur if you buy cryptocurrencies using unsettled funds and then sell them before the funds have fully settled. This violation can lead to restrictions on your trading account, such as the inability to make further trades until the violation is resolved.
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• May 09, 2022 · 3 years ago
  When you commit a good faith violation in your cryptocurrency trading on TD Ameritrade, it means you have engaged in a practice that violates the rules set by the platform. This violation can result in consequences such as restrictions on your account or even the suspension of your trading privileges. It's important to be aware of the rules and regulations surrounding cryptocurrency trading on TD Ameritrade to avoid any potential violations.
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• May 09, 2022 · 3 years ago
  A good faith violation can have a negative impact on your cryptocurrency trading on TD Ameritrade. It can result in restrictions on your account, preventing you from making further trades until the violation is resolved. It's important to be mindful of the settlement period and ensure that you have sufficient settled funds before engaging in cryptocurrency trading to avoid any potential violations.
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