Replies to post #33251 on Intellipharmaceutics International Inc. (IPCI)

[muddybrazos]

It's Pershing and they are a clearing firm. Your broker probably uses them.

[wimuskyfisherman]

Tilator- Sounds about right... No straight answers means they do whatever they want, whenever they want. Personally I feel a lot of the shorting on a daily basis is one of the MMs. I am guessing this guy does this without shares to back it up. Which is illegal but everyone knows it happens.

[doogdilinger]

If you don't want your shares loaned out you have to place sell orders slightly higher than the current prices. Of course you risk losing them...so I wouldn't recommend placing sell orders any lower than .80 cents right now.

Placing shares for sale around .80 cents right now guarantee that your shares won't be loaned out because that price is close enough to the current price so your brokerage firm won't wanna take the chance of loaning them out k glty

[AngeloFoca]

I don't think it has anything to do with a broker whether or not they lend out your stock... but rather it has to do with your account.

If you have a margin account then you can bet your A$$ they are lending out your stock... especially if they are getting 20, 30, 40% on it... but if it's a CASH account then they CAN NOT lend your shares out without your permission.

IRAs... Roth or SEP can only be a cash accounts... personal accounts can be either or.

You can turn a margin account to a cash account anytime you want to... but of course if you do, all stocks must be fully paid for.

But after all is said and done... I don't believe they honor those rules... if they have a stock that they can lend out in any account I believe they will.

Hell... some brokers even lend out stock they don't have - you know - Naked Shorting... and I think most, if not all do it.