5 ms·
> My stock broker and the NYSE can't secretly sell my shares and loan out the proceeds. They just hold the stock. Not in the business so I could be wrong but I
by mrep 4y ago
> My stock broker and the NYSE can't secretly sell my shares and loan out the proceeds. They just hold the stock.
Not in the business so I could be wrong but I believe they can loan shares to short sellers to sell and pocket the interest but they are also regulated which turns out is important.
- cheriot 4y agoThey need consent, but to your point it might be buried in some document. Some will provide compensation for it: https://www.interactivebrokers.com/en/pricing/stock-yield-enhancement-program.php https://www.interactivebrokers.com/en/pricing/stock-yield-en...