▲ 2 r/CharlesSchwab
Schwab brokerage account placed under review for trades involving unsettled or unpaid funds/free-riding
Has anyone had a Schwab brokerage account placed under review for trades involving unsettled or unpaid funds/free-riding? Schwab reversed or removed the profits tied to those trades, and the account is still restricted while they review next steps, possibly account closure. I’m not trying to keep trading; I just want my remaining settled cash released or wired out. For anyone who went through something similar, how long did the review take after the profit reversal, and when were your remaining funds released? Not asking for legal advice or SAR details — just trying to understand Schwab’s timeline/process from people with similar experience.
u/ThisTooShallPass-But — 11 days ago