Trader Corrections

What this video covers

• Why the reporting facility and its applicable correction window determine the specific method used, not a single universal protocol
• The two-step FINRA/NYSE Trade Reporting Facility correction after the report date: reverse the trade, then submit a new as/of trade report
• What an as/of report preserves: the original execution date, not the current report date
• How the original trade date is the date to which the as/of correction relates
• What defines a past-settlement-date correction: settlement has already passed, a completely different date reference from as/of
• Why the exam deliberately confuses as/of report timing with past-settlement-date status, and how to separate them
• The four-checklist items to run on exam day before selecting any trader correction answer