Can you sell on the settlement date?

Question

I've understood the concept of freeriding but there is one aspect which my googling hasn't been able to answer.

If I buy on Monday with unsettled cash which is due to be settled on Thursday, I cannot sell before Thursday (the settlement day). But am I allowed to sell on Thursday?

Answer 1

Yes, on the settlement the stock is yours to sell with no risk of freeride or day trading applying.