Buying or selling the wrong stock, volume or price

Once your order has been executed, it is final and can’t be reversed, even if it is for the wrong stock, volume or price.

There are, nevertheless, ways you could consider to rectify the position:

  • Selling the incorrectly bought stock/volume
  • Buying the incorrectly sold volume

You need to consider your personal circumstances and the tax consequences that may arise from these options. You may also not be able to buy or sell the stock at your intended quantity or price.

Keep in mind

You are liable for the brokerage charged and final settlement for all your trades. In the case of if you’ve bought shares, please ensure you have funds available in your linked bank account on the day of settlement.

If you need further assistance, you can contact us on 13 15 19, Mon – Fri, between 8am – 7pm Sydney time.

 

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