What is a reclamation?

A reclamation is a demand to repay funds when a stock or security is delivered poorly. 

 

This can happen when: 

  • There was an error in the transaction. 
  • The payment is not made. 
  • Funds need to be recovered from neglected/ closed accounts. 

 

I got a reclamation notice from M1 Finance, what happens next? 

If we reach out to you about a reclamation notice, trading will be paused on your account until positions/ cash are received.  

 

If you have any further questions, please contact us. 

 

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