To all investors: Re: M&M's borrowing shares
Post# of 82672
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Posted On: 10/22/2017 1:47:32 AM
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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Never argue with stupid people, they will drag you down to their level and then beat you with experience.
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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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