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Posted On: 10/22/2017 1:47:32 AM
Post# of 82676
To all investors:
Re: M&M's borrowing shares
I spoke directly to a TD Ameritrade Representative ( I asked....can putting your shares up for sale in a margin account prevent M&M's from borrowing your shares?) who had to take that exact question to a superior to get an answer. I was very disappointed when they told me that even if the shares were for sell, that the M&M's can still borrow their shares. The only way to keep M&M's from being able to borrow the shares of an investor was to have them in a Cash Account. I have put all of my shares in a Cash Account!!!
Another poster said that Fidelity told them the same thing.
CyberC
Re: M&M's borrowing shares
I spoke directly to a TD Ameritrade Representative ( I asked....can putting your shares up for sale in a margin account prevent M&M's from borrowing your shares?) who had to take that exact question to a superior to get an answer. I was very disappointed when they told me that even if the shares were for sell, that the M&M's can still borrow their shares. The only way to keep M&M's from being able to borrow the shares of an investor was to have them in a Cash Account. I have put all of my shares in a Cash Account!!!
Another poster said that Fidelity told them the same thing.
CyberC
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My comments are only my opinion and are not to be used for investment advice.
Please conduct your own due diligence before choosing to buy or sell any stock.
Never argue with stupid people, they will drag you down to their level and then beat you with experience.
Get .... PrivacyLok https://cyberidguard.com/
Try SafeVchat: https://cyberidguard.com/
My comments are only my opinion and are not to be used for investment advice.
Please conduct your own due diligence before choosing to buy or sell any stock.
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