Decoding My ROTH IRA Cash Violation Experience
Summary of User’s Issue and Solutions Discussed:
- The main problem reported by the user, Dew, was receiving a cash violation on their ROTH IRA and seeking clarification on the cause of the mistake.
- Fidelity’s representative suggested that due to multiple transactions occurring simultaneously, further research was needed to determine the issue and recommended connecting in a secure environment to review the account.
- Dew later reported that they managed to resolve the situation online, indicating that a solution was found without additional assistance.
Here’s the full thread
I recently received a cash violation on my ROTH IRA, and I was wondering what the mistake was.
I have the following transactions:
Also, I recently got access to Level 2 trading on my ROTH which I thought would include margin to prevent cash violations. Is this not the case?
Last note, this activity log reversed the true order that I did things. I sold the US Treasuries first, then purchased the puts and the corporate bonds
Thanks for stopping by this afternoon, @Dew.
In this situation, due to the multiple transactions ocurring around the same time, we’ll need to do some further research to determine what happened. To do so, we’ll need to connect in a secure environment to review your account as a whole. When you’re available, please see the link below for our available contact methods, while also keeping in mind you can send us a DM on social media as well.
Contact Us: https://www.fidelity.com/customer-service/contact-us
Awesome, I managed to get the situation figured out online. Thank you!
Glad to hear it! Thanks for letting us know.