Yes! Or more accurately “lend” them to someone who will.
Even if you have a broker that promises not to there is minimal regulation to stop them and if they get caught the fine is a (small) fraction of the money they make on that transaction (which is just a cost of doing business). I believe this was shown in r/superstonk just by someone looking at the sec filing.
That’s crazy, it feels a lot like the fractional reserve scheme or also when banks can lend the money out and you get a ridiculous interest rate back on the money they’re making off of your money.
I’m going to look into shorting the stock you buy though, since I don’t know about that one yet. Thanks!
Yes! Or more accurately “lend” them to someone who will.
Even if you have a broker that promises not to there is minimal regulation to stop them and if they get caught the fine is a (small) fraction of the money they make on that transaction (which is just a cost of doing business). I believe this was shown in r/superstonk just by someone looking at the sec filing.
That’s crazy, it feels a lot like the fractional reserve scheme or also when banks can lend the money out and you get a ridiculous interest rate back on the money they’re making off of your money.
I’m going to look into shorting the stock you buy though, since I don’t know about that one yet. Thanks!