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Broker credited stock sale proceeds to a money-market settlement fund
The account holder said the expected dividend was not received after selling $80,000 in shares on June 30, with the proceeds instead deposited into a money-market settlement fund.
A reader questioned why they did not receive a dividend after selling $80,000 in shares on June 30, according to a MarketWatch column focused on brokerage mechanics.
The reader said the sale proceeds were credited to their money-market settlement fund, rather than showing up as dividend income.
The case highlights how brokerage settlement and cash handling can affect what appears in an account immediately after a trade.
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