Replies to post #93617 on Lightwave Logic Inc (LWLG)

[Photonics_Guy]

I only know what they told me in the response to my questions about it.

It may be good to pose some specific questions to your broker if you want to know their policies.

[WisePolicalEconomist]

pochemunyet,

I've also heard that claim made before. So,...I asked my broker the same question several years ago.

He said that having a standing sell order offers you no protection from the brokerage selling the stock short. I expect that policy to remain the case today. I suppose something can be negotiated to prevent that occurrance but even then, how can you ever prove it if they did permit a 3rd party to sell your shares short or have them hypothecated? Best I can imagine is you'd probably have to sue them with some kind of Forensic Accountant hired for your discovery - a truly expensive endeavour - and what are your damages assuming a successful Judgment in your favor? You get nothing out of this.

Just in case you are curious, I am with C. Schwab (not to be confused with K. Schwab, the WEF dude).

BOL,
WISEGUY