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Re: duderaja post# 84352

Sunday, 11/20/2016 9:00:54 PM

Sunday, November 20, 2016 9:00:54 PM

Post# of 696905
I had a conversation with my brokerages on this very point. Putting in a limit order to sell won't stop them, I was told, from loaning out shares. The key thing is either 1) not to have them in a margin able account with margin drawn down; or 2) put in writing, in an email, via their client messaging services that you don't want your shares to be loaned out to shorts, and then they have to answer you. They will tell you if that is happening and why... if it is happening. Or why they can't do it, given your account set-up.

It's important not to assume the stories on the web are true about what makes what happen at any brokerage. It could be that different brokerages have different rules, certainly. But that's what I was told at my various brokerages.

I also think, a good bit is completely unknown except to the people closest to the back end. There are a lot of people in these businesses, at a high level and with direct customer contact, who sling incredible BS and don't have any idea of what they speak.
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