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exwannabe

01/31/21 2:22 PM

#351485 RE: jimmy667 #351481

Definately everyone should have their shares taken out of street name and put in their own name and instruct their brokerage that they do not want them loaned out for any reason.


Isn't that a bit redundant? If in your name the broker has no ability to do anything with them.

Also it is a hell of a pain. Have you ever had stock certs in your name? Even if at someplace like Compushare, you will find it less liquid than stocks held in street name.

If all you want to do is prevent a borrow, do not use margin. Done.

Before everybody chirps in with the "what about the illegal naked shorts that do not follow the rules". If they do not borrow, they do not need your shares.