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, pleasecontact us.