Im not day trading, but I think it could have something to do with unsettled funds which doesnt make sense to me because i deposited 100 from my bank to webull cash account and have only been working off that and the free stock. 1 Where To Invest Today – Crisis Investing Webull Good Faith Violation. If I choose to transfer 99% of my stock holdings (no fractional shares) and remaining cash from RH to WeBull via ACATS, it sounds like this does not cause a taxable event, correct? Explanatory brochure available upon request or at www.sipc.org . So I have a cash account on Webull and when I sold my stocks 2nd time in the same day, they gave me a good faith violation , and then next day I did the same and they give me the good faith violation the fourth time, so will I get banned and if I do then what’s the point of having cash account if … ... Webull Financial LLC is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to … 1.1.2 Ought To You Beginning Purchasing Stocks As A Newbie. 1.1.1 Know the distinction between stocks and also mutual funds. A Good-Faith Violation (GFV) occurs when you liquidated stocks that were bought on unsettled proceeds. I traded a stock and the funds weren't settled. Contents hide. Each account is allowed to have up to 2 GFVs per 12-month rolling period. Good Faith Violation (GFV) A Good Faith Violation (GFV) occurs when you have liquidated stocks that were bought on unsettled proceeds. Good Faith Violation. When you sell stocks, the amount received from that sell is considered unsettled funds until two business days later. Help. Each good-faith violation will automatically expire after 12 months from the violation date. Cash accounts have T+2 settlement period. A Good Faith Violation (GFV) occurs when you have liquidated stocks that were bought on unsettled proceeds. How can I tell how many good-faith violations I have? So I have a cash account on Webull and when I sold my stocks 2nd time in the same day, they gave me a good faith violation , and then next day I did the same and they give me the good faith violation the fourth time, so will I get banned and if I do then what’s the point of having cash account if u can’t day trade in it? 1.1 How To Purchase Supplies. I am getting GFV notification everytime I buy or sell. Webull Good Faith Violation . No cash deposit or stock liquidation will alleviate the violation. Now I was trying to buy a new stock (not trying to day trade) - when I go to purchase, it tells me I am using unsettled funds and if I were to sell the newly bought stock before the old sale settles it would be a good faith violation. I have a cash account with Webull. Webull Financial LLC is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).