(Total Views: 587)
Posted On: 02/01/2021 9:58:42 PM
Post# of 145879
I have been provided conflicting information on this, but one time I spoke to my broker's margin department, I was told that cash and retirement accounts, they can borrow ONLY with YOUR permission, but in a margin account they can borrow your shares if you have a margin balance. He pointed me to the hypothecation (term he used) agreement on the margin account. Frankly, it appeared he was disappointed when he checked that my account, although a margin account holding a lot of CYDY, had no margin balance.
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