On the morning of the 24th of November, there were two instances where Alpaca processed corporate actions inaccurately:
1. **SNEX 3-for-2 Forward Split:** - Original Processing Date: Friday, 24th November - Correct Processing Date: Monday, 27th November - Action Taken: The transaction has been promptly canceled, and we will re-process this corporate action on Monday.
2. **AVGO Acquisition of VMW:** - Incorrect Allocation: Clients who did not tender for shares of AVGO on the morning of the 24th of November were erroneously allocated shares instead of receiving cash. - Correction in Progress: Alpaca is actively rectifying this issue by canceling AVGO entries in affected client accounts. - Cash Disbursement Date: Expected on Monday, 27th November.
We sincerely apologize for any inconvenience caused and appreciate your understanding as we swiftly address and rectify these discrepancies. If you have any further concerns, please don't hesitate to reach out to our support team.
Posted Nov 24, 2023 - 09:24 EST
This incident affected: Live Trading API (Positions API), Paper Trading API (Paper Positions API), and Broker API (Sandbox) (broker.accounts.activities.get).