GameStop

[alexdown]

https://arstechnica.com/gaming/2021/...oller-coaster/

I quote https://www.reddit.com/r/wallstreetb...ueeze_of_your/ that reads: "IF YOU ARE LONG MAKE SURE TO CALL IN YOUR SHARES FROM YOUR BROKER AND MAKE SURE THEY AREN'T BEING SHORT-LENT"

Which bears an interesting question...can the broker lend your shares without you knowing? as if it does, in theory you won't be able to sell them as you please isn't it.

What's the forum experience with their own brokerages?

[fullmetaljacket]

And the call for "more regulation" from Wall Street. Explained in this clip:

https://youtube.com/watch?v=9ToOGrUQ7ME&feature=share

[aw451]

The general rule (might be a regulation - I can't remember because I don't deal with that part of the business) is that brokers only lend out stocks held by margin accounts

[RobRoy]

The general rule (might be a regulation - I can't remember because I don't deal with that part of the business) is that brokers only lend out stocks held by margin accounts

That might be how brokerage usually package it, margin account and lending out your shares is in the same package of functionality you enable. That because lending out shares means handling collateral, which is what you do when you have a margin account. But the two is not necessarily linked at all.

[Sith]

The general rule (might be a regulation - I can't remember because I don't deal with that part of the business) is that brokers only lend out stocks held by margin accounts

As Brit mentioned its the Custodian who holds your securities so they are the ones lending it out or not.
But it’s the broker and you who makes the decision whether to lend out or not. Some cheap brokers lend out the securities as a standard. While others give you the option (e.g. no or reduced custodian fee if you lend out, otherwise you pay a custodian fee).
Another thing to pay attention to if you choose to lend out or choose a broker that always does that is whether the lending fee is paid out to you, split between the broker and you or you don’t get anything.

No idea regarding margin accounts as I don’t use those.

[GentleGeorge]

GME is the new bitcoin

You literally cannot lose money buying it

[alexdown]

The next obvious question for the forum, given how many use it, is does interactive brokers lend out your shares by default, or ask you if you want to do it, and do you get part of the spoils

[shri]

The next obvious question for the forum, given how many use it, is does interactive brokers lend out your shares by default, or ask you if you want to do it, and do you get part of the spoils

This is what I recall and have found again. Not sure if they do it without asking if you're a margin customer.

https://www.interactivebrokers.com/en/index.php?f=46942

[cookie09]

And the call for "more regulation" from Wall Street. Explained in this clip:

https://youtube.com/watch?v=9ToOGrUQ7ME&feature=share

very populist video. classic short seller bashing without understanding the function they play.

when short sellers call out dodgy Chinese companies who fake their accounts, everyone claps their hands

[GentleGeorge]

This is what I recall and have found again. Not sure if they do it without asking if you're a margin customer.

https://www.interactivebrokers.com/en/index.php?f=46942

I recall signing up to a 'yield enhancement programme' - so I think they do not by default, and split the spoils with you if you do that