Asked on 30 Aug 2018
Just realised that I sold more shares (just 100 more) than I had 😢
Understand that I will be subjected to SGX buy in on T+3 and will be based off 2 bids higher than the closing price of T+3. Other than that, there may also be a penalty (S$1000 or 5% of the value of the failed trade).
Has anyone been fined before and is there a way to have the fine waived off?
The short answer:
contact ur broker
today is T day and you need to borrow shares by T+2
can try to ask the broker to waive the fee which is around $75.
to borrow share they might need you to pay by cheque at the counter.
there is no fine from SGX as long as the shares are in before T+3
do not drag this issue
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