InvestorsHub Logo
Followers 6
Posts 270
Boards Moderated 0
Alias Born 03/23/2014

Re: Kloby post# 32524

Tuesday, 08/05/2014 2:56:44 AM

Tuesday, August 05, 2014 2:56:44 AM

Post# of 111920
It's a mb myth that putting in limit sell orders will prevent your shares from being shorted. Even if you actually sold shares today, they could still be lent out. Equity sales settle in T+3 days but stock borrow/loans settle same day. Like 30 years ago brokers would lock up shared because of a limit order but nobody does that today.

Bottom line is if you have a debit balance then any shares whatsoever that are in your margin account can be lent out.

If you don't want your shares lent out then keep them in a fully paid cash account or simply don't use any margin.