It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
THE risks still in this sharemarket were highlighted yesterday by an extraordinary development: the settlement of all share trades was held up for several hours after the failure of the broking firm Tricom Equities to settle on its transactions.
.......but the bottom line appears to be that the firm had insufficient funds to cover last Friday's trades under the three-day settlement rule.