I’m not a lawyer but own a number of shares in a number of companies through IG in the UK. Since you don’t really own the shares, the broker (in my case IG) ho

I’m not a lawyer but own a number of shares in a number of companies through IG in the UK. Since you don’t really own the shares, the broker (in my case IG) hold them on my behalf in a ledger that simply allocates the shares to me then I imagine they can do what they like with the shares. So long as the money is there when you want to liquidate it then it’s irrelevant to some degree. In the UK the value of the shares I believe is fenced off in a separate entity so that should the broker go bankrupt the money is still there for shareholders (ie shares bought in the platform, not shareholders in the brokerage) and inaccessible to creditors, this was tested in the high court in the UK recently when the administrators tried to use this ring fenced money to pay their fees as the broker couldn’t pay it themselves and the ring fence was upheld by the court. Not sure if any of this helps but it’s good to remember you don’t actually own the shares, they are held by someone else and they can probably do what they like with it.