An investor who mistakenly buys the wrong stock because the symbols are similar has 24 hours to undo the trade.

Name: An investor who mistakenly buys the wrong stock because the symbols are similar has 24 hours to undo the trade.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

The ability to undo a trade, known as a "trade cancellation," is not guaranteed and is subject to the rules of the specific stock exchange and broker. There is no universal 24-hour grace period for reversing mistaken stock trades.

An Investor Who Mistakenly Buys the Wrong Stock Because the Symbols