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jazz2800

06/10/09 2:36 PM

#179297 RE: rachelelise #179295

When I asked Scottrade about loaning my shares out of a margin account they told me that they can only loan out the shares if I have an outstanding margin balance.

Anyone else have different information?

Seems like each broker has a different set of rules.

floridahockeyman

06/10/09 6:05 PM

#179327 RE: rachelelise #179295

you will need to execute the necessary paperwork to establish a separate cash account and move the shares there

a phone call alone will not do it