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Let’s say I have a margin account and own 100 shares of GME. My broker then lends out those shares of GME to a hedge fund. What would have to happen for me to
by oa335 6y ago
Let’s say I have a margin account and own 100 shares of GME. My broker then lends out those shares of GME to a hedge fund. What would have to happen for me to never get my shares back?
I assume if the hedge fund goes bankrupt, it’s clearing firm would be on the hook? If the clearing firm also goes bankrupt (which has happened before), then what?
- hrgiger 6y agoThey are regulated related by their local authorities US,EU etc... Each country has their own retail protection law, as far as I remember the amount changes from 100k$ up to 800k$. So if I am correct it is not based on transaction but the value of your account.