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Re: lj7799 post# 214320

Friday, 04/04/2008 10:07:40 AM

Friday, April 04, 2008 10:07:40 AM

Post# of 433253
If you have a margin acount, but have nothing borrowed on it, by the rule, your stock can not ne lend. If, for example, you hold $1 million of stock in a major company and hold $1/2 million in IDCC, all in a margin account and you have a margin debit of $1/2 million, then your broker can ignore the $1 million in the other stock, apply all the margin debit against the IDCC and now can take your IDCC shares and lend them out. You would never know it and your broker does not have to inform you.
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