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Re: twister1 post# 65030

Wednesday, 08/30/2023 5:05:38 PM

Wednesday, August 30, 2023 5:05:38 PM

Post# of 71285
I guess I have to be completely clear.

A broker is only allowed to lend out shares of a margin account according the the margin account agreement.

Now if they get permission from a cash account holder fine, but that is a one off and requires a request.

So your argument seems to be that the brokers were lending stock out of cash accounts without the holders permission…otherwise it is unclear what you are talking about.

I am simply working with that assumption.

My comment still stands.

1) how would they know?
but more importantly….
2) such activity by a broker is between them and their customer.

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?

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