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Re: makin_dough99 post# 19369

Friday, 12/08/2006 10:15:52 AM

Friday, December 08, 2006 10:15:52 AM

Post# of 114953
'makin_dough99 I have a Cash account

The reason I did a cash account is that the Brokers are not allowed to loan out your shares to anyone. In a margin account they can loan out your shares or a term they do not like to use short.
So with that said if anyone has a cash account and they do not get the divy the customer of the brokerage Firm has IMO a real case against the Brokerage firm do to being a cash account.
IMO if you have a margin account the Brokerages have the leway and opportunity to play games.
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The PDR is given as a divi away from the broker -PDRs are not in DTCC in the USA - they are an offshore instrument. But if you do not receive your divi then your broker has sold you short shares unknowingly (he has a fail to deliver from another MM or broker) and is responsible for getting you the dividend due.

I'm sure PYPR will have to post (PR) a price that shorts can cover either the short PDRs or short land :)

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