Before you make
any investment changes or transfers, please read the following trading rules.
Your use of our website to make online changes to your account means that you
understand and agree to all of the following rules:
- Transaction cutoff time
is 12 NOON EST. Orders received after the cutoff or on weekends and holidays
will be processed the next business day.
- Your account will be
updated for the previous day's activity at approximately 11:00 AM EST each
- Update and refresh times
may be different due to any delays or changes in our trading platforms. Any
early trading deadlines due to holidays or Wall Street restrictions may effect
these systems without prior warning to plan participants.
- Fund transfers are permitted
once in a 24-hour period. If there are pending fund transfers for your account,
you will be notified and prevented from making additional fund transfers until
the original request is complete. Also, if fees are taken against your account,
you would be blocked from the fund transfer process while this occurs.
- Fund transfers typically
are completed within 3 business days. However, if there are extended settlement
funds or early trade cutoffs for the funds being used within the plan, this
process will be extended by these trading constraints.
- Each plan quarter end,
trades are held during the last 2 business days to allow for all pending trades
to settle and clear, thus closing out the quarter end. Trades are then processed
on the first business day of the next quarter and will be reflected on the
next quarterly statement. Please review your Summary Plan Description to find
out when your plan quarters end.
- Confirmation of your
online transaction will be e-mailed to you, provided we have your e-mail address,
and it will also be mailed to your home. If you do not receive a confirmation
by mail within 10 business days, you should contact your Employer immediately.
Confirmations for participants with invalid addresses will be forwarded to
- Sometimes, electronic
trades do not transmit properly due to phone line interference, user error,
power interruptions, and other reasons. As explained above, written confirmation
of your investment changes and instructions will be sent to you, but it is
your responsibility to verify that your changes and instructions have been
completed properly. If not, contact SHAW & COMPANY and
we will make any necessary changes. However, we will not calculate or restore
any earnings to your account as though the original transaction had occurred