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Post# of 470033
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JB3729

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JB3729

Re: blu_1 post# 68309

Saturday, 07/16/2016 10:55:29 AM

Saturday, July 16, 2016 10:55:29 AM

Post# of 470033
I have been told the same thing. Also, Fidelity and Schwab would not be paying shareholders 30% and 25% if they could lend these shares without shareholder permission and keep the money for themselves.

In order for shares to be loaned from your account at Fidelity -

You must execute a Master Securities Lending Agreement (MSLA) with Fidelity. The MSLA discusses the rights of all counterparties and governs all of the loan transactions. It is a separate agreement from any previously executed margin agreement.

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