NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

If you don’t borrow against your shares, generally most brokers can’t lend them out, even if you have a margin account. Once you use the margin, you’ve effectively pledged your shares as collateral, and the broker then has access to them. That’s generally how most margin accounts work... but absent the leverage, it’s a trust account. They are violating the law not to have your shares... once you borrow, it legally becomes a different relationship.

Confirm it in writing with your broker however. Drop them a note and be very clear with them that you don’t want your shares lent out for shorting and other activities.... and clarify the terms to your satisfaction . If you’re dealing with a reputable dealer, the have to be honest with you on these details, or you can have them prosecuted and sent to jail. Period... under state law... Don’t mess with trust accounts...