What is a Good-Faith Violation(GFV)?
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What is a Good-Faith Violation(GFV)?

A Good-Faith Violation (GFV) occurs when you liquidated stocks that were bought on unsettled proceeds.

Each good-faith violation will automatically expire after 12 months from the violation date. No cash deposit or stock liquidation will alleviate the violation.

After the 2nd GFV occurs, the account's buying power will be restricted to settled funds. Selling positions will no longer increase buying power until it settles (T+2). After 4 violations, your account will be restricted for 90 days. After your 5th violation, your account will be closed for 90 days.

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