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Re: Lewrock post# 78930

Thursday, 09/09/2021 2:52:10 PM

Thursday, September 09, 2021 2:52:10 PM

Post# of 195112
I also own considerable amount of shares and use Schwab. They have not approached me either on lending shares. (I have been approached by Schwab on another stock previously but it was a few years ago). That said, I asked a Schwab rep if they technically could "borrow" my shares without my "permission" (and interest that I would accrue)...he advised that Schwab "would likely not do that"...but he did not know whether they technically could or not. Frankly, I wondered if I should remove the margin feature on my account thinking that might further prevent any "borrowing" of shares. If someone is expert on this topic I would be interested in hearing response. FWIW, I would never willingly lend my shares regardless of interest rate to help out shorters in any way!
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