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Post by thekindaguyiyam on May 17, 2017 12:50:46 GMT -5
May 17, 2017
Mr. ..........
Just reaching out to see if you want to begin lending your MNKD shares. The following lending rates are currently available (subject to change based on market conditions):
MNKD – 34.5%
Please confirm if you would like to lend these securities to Fidelity under the terms of Master Securities Lending Agreement.
Regards
FIDELITY CAPITAL MARKETS
200 Seaport Blvd - Z2H
Boston, MA 02210
My reply. "NO WAY IN HELL"
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Post by boytroy88 on May 17, 2017 13:16:21 GMT -5
I have heard from somewhere (forgot where) that if you have a margin account with certain brokers that they can lend out your shares without asking you or compensating you. Is that true?
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Post by boca1girl on May 17, 2017 13:19:39 GMT -5
I have heard from somewhere (forgot where) that if you have a margin account with certain brokers that they can lend out your shares without asking you or compensating you. Is that true? Fidelity will not without your written consent to lend. Currently (5/17), paying 32% to those who lend. Don't know how much they charge to borrowers. Don't know how other firms handle it. |
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Post by matt on May 17, 2017 14:47:37 GMT -5
I have heard from somewhere (forgot where) that if you have a margin account with certain brokers that they can lend out your shares without asking you or compensating you. Is that true? Read your brokerage contract carefully; what is true for some brokers is not true for all. Your rights and obligations should be clearly spelled out, and if you have had the account a while make sure you are looking at the most recently updated version. If you don't have a copy, ask for them to main you a new one. |
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Post by kc on May 17, 2017 15:46:54 GMT -5
Today must have been the reach out and touch someone day.
Hi Mr. –
Just reaching out to see if you want to begin lending your MNKD shares again. The following lending rates are currently available (subject to change based on market conditions):
MNKD – 34.5%
Please confirm if you would like to lend these securities to Fidelity under the terms of your previously executed Master Securities Lending Agreement.
Regards,
Bruce
FIDELITY CAPITAL MARKETS
200 Seaport Blvd - |
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Post by traderdennis on May 17, 2017 18:02:06 GMT -5
I have heard from somewhere (forgot where) that if you have a margin account with certain brokers that they can lend out your shares without asking you or compensating you. Is that true? Generally if you shares are held in a non margin (cash) account, brokerages are not able to lend without your permission. If the share are held in a margin account then it is up to the brokerage's discretion to lend out the shares without compensation to the shareholder. |
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Post by thekindaguyiyam on May 17, 2017 21:52:39 GMT -5
TD Ameritrade does this if you have a margin account. They lend out your shares to those shorting it and they don't compensated the account holder who they are borrowing shares from.
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Post by promann on May 17, 2017 23:00:13 GMT -5
Having MNKD shares on margin today has got to be nerve racking. I had some on margin back when it was over 5.00 a share. Naturally all them shares on margin were called back and I lost big..if we could get some big news and a large increase in scripts then I would consider buying more on margin. But can't now it's just way to risky.
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