I got this from another board but think it is relevant as Huff mentioned this in the shareholder letter. I mentioned this before I think you must do (2). IN WRITING
From: Ameritrade Plus Client Services To: xxxxxxxx Subject: Re: Margin Question (KMM27864922I20)
Dear xxxxxxxxx
Thank you for contacting us today regarding loaning stocks for short sales.
Clients who have a debit balance in their margin accounts may have their stocks loaned to Ameritrade as broker or to others. If you wish to not have your securities loaned out , you will need to either:
1) Reduce your debit balance to zero by liquidating securities or depositing funds to pay the debit amount.
Or
2) Elect to have all securities in your account exempt from short sell loans. Your request will apply to all positions in your account; requests cannot be made for specific securities only. If you prefer this choice, send a written request stating that you do not want your securities loaned for short sell transactions. We can only take this request in writing, not via phone. Mail the written request to:
Ameritrade Clearing Attn: Security Lending 1005 North Ameritrade Place Bellevue, NE 68005
Please be sure that your request is received 10 business days prior to the ex-dividend date to ensure your shares are not loaned on the ex-dividend date. Please keep in mind that your request will apply to all positions in your account; requests cannot be made for specific securities only.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Patrick McNeese Client Services, Ameritrade Plus Division of Ameritrade, Inc.
Original Message Excluded:
And as Jack always says: "You can't handle the truth! Son"
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