Wednesday, April 08, 2015 2:27:10 PM
Many investors don't realize this, but in nearly all cases, the shares of stock you buy through brokerages aren't technically held in your name -- they're held by the firm "in street name." (The reason? It massively simplifies the paperwork involved in buying and selling stocks, but never fear. In practice, you still own the assets you think you do.)
When a brokerage holds shares in street name, it can then turn around and lend them out to its other clients to sell them short. Of course, they're still your shares, and you can redeem them anytime.
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