NOTE: Variable messages are noted.
You may find the information in the following tables to be helpful when interpreting the trade-related error messages and warnings that display in the Unsent and Sent Orders Lists.
| Error Code | Scenario | Cause Description | Message | Message Type |
|---|---|---|---|---|
| 313012 | Order value exceeds account's Cash Buying Power for stocks. | Equity buying power failure in the cash account. Retail BP includes Non-Core MM and Available To Loan. | The Estimated Order Value for this order exceeds your Cash Available to Trade. Exception: For stocks in non-retirement brokerage accounts, at least 25% of the order value is needed in cash. You must edit this order or increase your Cash Available to Trade before you can place this order. | Error |
| 333015 | - | IWS WC alloc buy warning. | Est. Order Value greater than Cash Available. | Warning |
| 333016 | - | IWS WC alloc buy power error. | The Estimated Order Value for this order exceeds your allowable percentage of Networth. | Error |
| 333025 | - | IWS order networth based buying power warning. | Estimated Order Value greater than Cash Available. | Warning |
| 333026 | - | IWS order networth based buying power error. | The Estimated Order Value for this order exceeds your allowable percentage of Networth. | Error |
| Error Code | Scenario | Cause Description | Message | Message Type |
|---|---|---|---|---|
| 313011 | Account is Margin or Short. | Equity Buying Power failure in the Margin account. | You must edit this order or increase your Buying Power before you can place this order. | Error |
| 313013 | Sell Put or Sell Call (Open and Close). | Equity Buying Power failure in the Margin account. | You must edit this order or increase your Buying Power before you can place this order. | Error |
| Error Code | Scenario | Cause Description | Message | Message Type |
|---|---|---|---|---|
| 013013 | Good Faith Violation. | Possible Good Faith violation on Sell order. | The sell order you are about to place includes shares that are not yet settled (paid for). Please be aware that if there are insufficient funds to cover your original purchase, this sale may result in a Good Faith violation. The account will be restricted after the third violation within 12 consecutive months. For more information, please contact a Fidelity representative at (800) 523-5518. | Warning |
| 013014 | Good Faith Violation. | Possible Good Faith violation on a Buy order. | The buy order you are about to place may exceed your existing cash balance and if sold prior to paying in full for the trade may result in a Good Faith Violation. The account will be restricted after the third violation within 12 consecutive months. For more information, please contact a Fidelity representative at (800) 523-5518. | Warning |
| Error Code | Scenario | Cause Description | Message | Message Type |
|---|---|---|---|---|
| 019893 | If Sell Put and Naked Option and Option Level is less than 5. | On Opens, Option Agreement must be = 5. | The uncovered index sell put option order you entered requires a higher level option agreement. | Error |
| 019894 | If Sell Put and Option Level is less than 4. | On Opens, Option Agreement must be > 3. | The uncovered equity sell put option order you entered requires a higher level option agreement. | Error |
| 019895 | If Sell Put and Option Level is less than 3. | On Opens, Option Agreement must be > 2. | The covered sell put option order you entered requires a higher level option agreement. | Error |
| 019897 | If Sell Call and Naked Option and Option Level is less than 5. | On Opens, Option Agreement must be = 5. | The uncovered index sell call option order you entered requires a higher level option agreement. | Error |
| 019898 | If Sell Call and Option Level is less than 4. | On Opens, Option Agreement must be > 3. | The uncovered equity sell call option order you entered requires a higher level option agreement. | Error |
| 019899 | If Sell Call and Option Level is less than 1. | Option Agreement must be > 0. | The covered sell call option order you entered requires a higher level option agreement. | Error |
| 354013 | This order will exceed Option Level. | Account has an option position higher than the Option Agreement allows. | Your sell order will leave your account with an option position that exceeds your option level. Please review your order or contact a Fidelity representative at 1-800-523-5518. | Error |
| 354015 | Sell options that create naked positions but have no Buying Power. | Not Available. | The equity you are attempting to sell is covering a short option position. If you place this trade you will be leaving your option position uncovered which requires a higher level of available buying power. | Error |
| Error Code | Scenario | Cause Description | Message | Message Type |
|---|---|---|---|---|
| 000910 | - | Market closed, option requires limit price. | Market orders for options outside of market trading hours cannot be placed through electronic channels. You may enter a limit order up to the available equity buying power in your account. | Error |
| 000912 | - | Customer's holdings in the security are not greater than zero. | The security specified in your order was not found in the account selected. This could be caused by selecting the wrong account where the security is held short. Buy To Cover orders are only for covering short positions. Please review your account positions. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 000914 | - | Insufficient holdings, trade rejected (buy to cover). |
The quantity of the security specified by your order exceeds the number of shares currently short in the account selected. Please review your short position for the security and account selected. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Warning |
| 000915 | - | Market closed, limit warning for non-options. | Please use caution when placing market orders while the market is closed. If placed, your order will be eligible for trading on the following business day. Securities may open sharply below or above where they closed the previous day. | Warning |
| 000968 | - | Positions not greater than zero on a covered option trade to Open. | The underlying stock for your option order was not found in the account or trade type selected. This could be caused by selecting the wrong account or trade type (cash or margin) where the security is held. Please review your account positions to verify the correct trade type (cash or margin) for your option order. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 000969 | - | Not enough stock in account to cover the sale. | Your account or account type does not contain enough of the underlying security for this option order. Please review your order or if you would like to trade uncovered options, please call a Fidelity representative at (800) 523-5518. | Error |
| 000977 | - | Positions should be returned as negative on option trade to close (On Sell Put to Close). | The position you requested to close was not found in the account or trade type selected. This could be caused by selecting the wrong account, or trade type (cash or margin) where the security is held. Please review your account positions to verify the correct trade type (cash or margin) for this security. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 000978 | - | Negative position in holding; insufficient holdings; trade rejected. | The number of shares you entered is greater than the number of shares available in your account or trade type (cash or margin) specified in your order. Please review your account positions to verify the correct trade type (margin or cash) for this security. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 001977 | - | Positions should be returned as negative on option trade to Close (On Sell Put to Close). | The position you requested to close was not found in the account or trade type selected. This could be caused by selecting the wrong account or trade type (cash or margin) where the security is held. Please review your account positions to verify the correct trade type (cash or margin) for this security. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 007080 | - | Security not allowed for trading in account either due to customer affiliation or Type 5 restricted shares. | The security you selected to trade is restricted and may not be traded in your account at this time. For additional information, please call a Fidelity representative at (800) 523-5518. | Error |
| 010398 | - | Disclaimer for all five letter NASDAQ symbols ending in F. | The transaction price reported to you for foreign securities includes both the currency exchange rate and local broker commission, if any. The currency exchanges may be affected, directly or indirectly, by an affiliate of National Financial Services LLC (NFS) on a principal basis. For more information, see Commission Schedule. | Warning |
| 013011 | If 91 restricted, block market orders outside of market hours. | Block market orders placed during non-market hours in all cash accounts having a 91 Restriction Code. | Your account is restricted from placing market orders outside of market trading hours through the electronic channels. You may enter a limit order up to the available equity buying power in your account. | Error |
| 013016 | Uncovered Sell Calls to Open are only allowed in Margin account. | Cannot use Type 1 Cash account for uncovered option trades. | Uncovered option trades must be placed in the margin account type. Please check your account type or the quantity of your order. | Error |
| 013079 | - | Net Worth returned from margin calculator is less than $20,000. | Accounts must have a net worth of $20,000 in order for uncovered equity option orders to be accepted. Please review your order or call a Fidelity Representative at (800) 523-5518. | Error |
| 013080 | - | Net Worth returned from margin calculator is less than $50,000. | Accounts must have a net worth of $50,000 in order for uncovered index option orders to be accepted. Please review your order or call a Fidelity Representative at (800) 523-5518. | Error |
| 013083 | - | Cash covered index puts are not allowed. | The index sell put options order you are attempting cannot be placed in the cash account. | Error |
| 019100 | For Stock/Options - Paired and Naked. | - | The sell call to close order you entered will create a short option position not covered by a long position in the underlying security. | Warning |
| 019101 | - | Sell Put to Close is uncovered. | The sell put to close order you entered will create a short option position not covered by a long position in the underlying security. | Warning |
| 019900 | - | Sell Call to Open is uncovered. | The sell call to open option order you entered is not covered by a long position in the underlying security. | Warning |
| 019901 | - | Sell Put to Open is uncovered. | The sell put to open option order you entered is not covered by a short position in the underlying security. | Warning |
| 019979 | Contingent Order. | Margin requirement for uncovered option is greater than Buying Power. | The value of your order exceeds your available buying power. Please review your order or call a Fidelity representative at (800) 523-5518. | Error |
| 019980 |
Sell to Open with an Option Level of 1 or no Option Level. Cash Sell to Opens require Option Level 2 or higher. |
Account does not have the underlying short position but has an Option Agreement of 2 or greater and does not have the cash to cover. | The equity sell put option order you are attempting to place requires cash in the account equaling the exercisable value of the option. The exercisable value is the strike price multiplied by the number of contracts multiplied by the deliverable quantity on the option. | Error |
| 019981 | - | Account does not have the underlying short position but has an Option Agreement of 2 or greater and the cash to cover. | Any in-process withdrawals from your account on the day you place a 'put order', such as checks written or other distributions, reduce the funds available to cover the exercisable value of the order. This may result in your account having insufficient funds to cover both the withdrawal and the exercisable value of the put order. It is your responsibility to ensure you have adequate covering funds in the account. | Warning |
| 041978 | - | Sell Call to Close; account has position to close but does not have enough in the selected account Type. | The number of shares you entered is greater than the number of shares available in your account or trade type (cash or margin) specified in your order. Please review your account positions to verify the correct trade type (margin or cash) for this security. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 051978 | - | Sell Put to Close; account has open position to close in selected account but does not have enough in the selected account Type. | The number of shares you entered is greater than the number of shares available in your account or trade type (cash or margin) specified in your order. Please review your account positions to verify the correct trade type (margin or cash) for this security. Also, please verify there are no previous orders for this security that would prevent Fidelity from accepting a new order. | Error |
| 313110 | - | For the Sell order requested, some of the shares will be used from the local currency holdings to complete the sale. | This transaction will settle in US dollars. For settlement in local currency, please call a Fidelity representative at (800) 523-5518. | Warning |
| 354011 | Exceeds Option Level. | Option Level is too low to leave call uncovered. | The position you are attempting to sell to close is covering a short option position. If you place this trade you will be leaving your option position uncovered, which requires a higher level option agreement. | Error |
| 354014 | Exceeds Option Level. | Account has an option position higher than the Option Agreement allows. | Your order will leave your account with an option position that exceeds your option level. Please review your order or contact a Fidelity representative at (800) 523-5518. | Error |
| 354022 | High volatility security | Market Value greater than net worth. | Due to the increased volatility of the security you are attempting to purchase, the value of your order is limited to the Total Account Value of your account. | Error |
| Error Code | Scenario | Cause Description | Message | Message Type |
|---|---|---|---|---|
| 000970 | For trades done in the Cash account when the account has a Margin Agreement. | Using Cash Available to Borrow to buy Type 1. | This transaction will create or increase your margin debit balance. | Warning |
| 003979 | - | Fund order value is greater than customer's Buying Power. | The value of your order exceeds your funds available. For equity mutual funds in non-retirement accounts, at least 25% or the order value is needed in cash. Exceptions: Retirement brokerage accounts require 100% of the order value in cash. For money markets and bond mutual funds, 100% of the order value is needed in cash. | Error |
| 011383 | - | IWS (Institutional Wealth Services) short term redemption fee warning. |
NOTE: Variable message Short Term shares held less than <NUMBER OF DAYS> days will be subject to a <FEE>% fee if liquidated. |
Warning |
| 020102 | - | Quantity less than fund minimum. |
NOTE: Variable message The amount specified is less than the required fund minimum investment of <FDMIN>. Be advised the order may be rejected by the fund company due to the amount placed. |
Warning |
| 091049 | - | IWS (Institutional Wealth Services) short term redemption fee warning. | The customer may be eligible for a short term redemption fee waiver and one was not selected. | Warning |
| 091053 | - | IWS (Institutional Wealth Services) short term redemption fee warning. |
NOTE: Variable message The Redemption Fee may be waived for this order. The waiver is requested due to <STR FEE WAIVER CODE> - <STR FEE WAIVER LONG DESCRIPTION>. If the waiver is determined ineligible, a fee of <FEE>% will be applied because the sale was made within <NUMBER OF DAYS> days of the purchase. |
Warning |
| 091062 | - | IWS (Institutional Wealth Services) short term redemption fee warning. |
NOTE: Variable message Liquidating short term shares held less than <NUMBER OF DAYS> days will be subject to a <FEE>% fee. |
Warning |
| 313011 | - | Equity Buying Power failure in the Margin account. | You must edit this order or increase your Buying Power before you can place this order. | Error |
| 313012 | - | Equity Buying Power failure in the Cash account. | Exception: You must edit this order or increase your Cash Available to Buy Securities before you can place this order. For ways to increase your Cash Available to Buy Securities immediately. | Error |
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