Aurora Cannabis Inc (ACB)

[Rule_62]

There is a stock board myth (that is also propagated on various blogs, etc.) that placing a sell order on your shares (usually at a price much higher than the current share price) stops your broker from lending them out.

It's a myth. It does not stop your broker from lending them out. Your broker can still lend them out, and will have 2 days to replace/recall the loan if you do actually sell the shares (ever hear of T+2 to allow the trade to settle?).Phone your broker and ask them.

The single best way to stop your shares from being loaned out is to be knowledgeable about the account you hold the shares in. Read the account agreement. Make sure the account you are holding the shares in is appropriate to your needs and the level of control you wish to have over what your broker can or can not do.

Pretty much all margin account agreements allow your broker to lend out shares. Some stipulate that the shares will only be lent if you are actively using margin, some give the broker a blank slate to lend regardless of whether you are drawing on margin or not.

In Canada, brokers can not lend out shares held in a registered account (RRSP, etc). Similar laws apply in the US.

Again, don't take the word of myself or any other poster on a posting board or rely on some blog. It's the internet. Myths, liars and people talking out of their butthole abound. READ YOUR ACCOUNT AGREEMENT. ALTERNATIVELY, PHONE YOUR BROKER AND ASK.