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 – 6pm Sydney time.

By clicking on the "Download the CommSec App" buttons above, you will be directed to itunes.apple.com or play.google.com. These sites are not affiliated with CommSec and may offer a different Privacy Policy and level of security.

 

Disclaimer

© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information on this page has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice.

The content on this page may not be distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content on this page, including any third party sourced data, nor does it accept liability for any errors or omissions.

This site is directed and available to and for the benefit of Australian residents only.

Top