Brokerage Clerk how-to

How to Correct a Trade Error

Fast corrections limit losses.

Updated By the Career Education Institute Curriculum Team
Quick answer

Fast corrections limit losses. In short: identify; notify; document, then complete the remaining steps below.

Step by step

  1. Identify the error.

  2. Notify a supervisor.

  3. Document it.

  4. Correct the trade.

  5. Calculate any loss.

  6. Report per policy.

Safety reminders for brokerage clerks

  • Protect client data
  • Follow FINRA rules
  • Report suspicious activity
  • Follow trade error procedures

Trade · Settlement · T+1 · Confirmation · ACATS · DTC: see the full brokerage clerk glossary.

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