- Getting Started
- My Account
- Documents and Taxes
- How do I Cancel a pending Order?
- Where can I find my dividends?
- How to buy a stock?
- How to sell a stock?
- What happens to my stocks if they get delisted from the stock market?
- What happens to my assets in case I die?
- What are Exchange Traded Funds (ETFs)?
- What types of orders can I find in Hapi?
- What are Fractional Shares?
- Your Investments
- Referral program
Good Faith Violation
The good faith rule indicates that you can’t do an operation with money that is not yet yours, that has not reached your property.
The first is to remember that when you sell a position, the exchange takes 2 business days to convert those liquidated funds into available funds, and they are considered as a closed transaction.
Sometimes, when you sell some position, you’ll have the cash available at the next day or sometimes even immediately, and there is no problem with it being used to buy another security, but what shouldn’t be done is to sell that security immediately or before the money arrives, until waiting for the two days of the previous sale :)
Not complying with this rule can cause the account to be blocked, suspended or in repetitive cases, closed.
Do you have any additional questions regarding Good Faith Violation rule? Write to email@example.com, we are here to assist you!