From Meme Stocks to Market Reform: The Journey to T+1 Settlement

screenshot of the first page of From Meme Stocks to Market Reform The Journey to T+1 Settlement
Marie Pupecki, Audit Analytics
Recommendations From the Meme Stock Investigation

May 27-28, 2024, were exciting days for investing in Canada and the U.S., respectively. These were the effective dates for the SEC rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trading day (T+2) to one business day (T+1). This rule applies to transactions in stock, bonds, municipal securities, exchange-traded funds, certain mutual funds and limited partnerships that trade on exchange.  

In this article, Audit Analytics further examines how the SEC’s T+1 settlement cycle reform aims to reduce risks in securities transactions, sparked by the 2021 meme stock frenzy. 

Free Trial

Sign up for a free, no-obligation trial to start exploring our timesaving, valuable resources.