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Thursday, April 02, 2020 6:49:30 AM
I did finally hear from TD almost 30 days since I wrote their corp a letter about naked shorting and shorting events amidst all this negative global corona affect on the markets... I personally have excellent credit and also large Margin Account ability which I can use to buy stocks, etc. But, as they stated in their letter, "We have many long term investors like yourself who do not short stocks. We are only a brokerage and do not do any proprietary trading ourselves. We do have clients who short shares, and per your agreement, we are able to loan out all or part of your shares at any time to them".
This BS and securities market needs to be changed like everything else today with Carona and banking and US going into a Depression in time. These brokerages doing this is really like welfare ! Take something from someone who has earned the ability or is able to do on his own, while giving it (loaning out) to others who did not do the work, yet they are negatively affecting sanctity of the financial situation of many US companies and its shares...
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