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Re: A deleted message

Monday, 04/19/2021 1:02:57 PM

Monday, April 19, 2021 1:02:57 PM

Post# of 141125
$AMC I would also add... on TDAmeritrade, as long as you are not using margin, they do not lend your shares out. Only if you are using margin. I have lots of margin, but I don't use it. Went through the whole thing with a TDA agent and they showed me where it is in the Margin handbook... if anyone wants to know. On TDA website, lookup the Margin handbook.


From page 15, Margin

You should be aware that when you buy shares on margin or borrow against your margin account, there is a possibility, under certain circumstances, that you may lose proxy voting rights for securities held in your margin account. There is also a possibility that you may lose certain tax benefits for dividends paid on those securities.Pursuant to your margin agreement with us, when you have a debit balance in your margin account (whether it is as the result of margin purchases or through a loan for other purposes), TD Ameritrade, Inc. may lend your shares to other clients or other broker/dealers, subject to certain limitations. We may also hypothecate, which means we can pledge shares in your account as collateral for a loan at a bank. TD Ameritrade, Inc. reserves the right to determine which of your shares may be lent or pledged.When your shares are lent, the right to vote those shares goes with them. Therefore, if a corporate vote in a company in which you own shares takes place while those shares are on loan, you may be unable to vote on them.
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