New ask Hacker News story: Ask HN: Can I trust brokers with my stocks?
Ask HN: Can I trust brokers with my stocks?
14 by anticristi | 16 comments on Hacker News.
Dear all, As result of the GameStop "upset", I came to realise that retail brokers not only make money by charging commission, but also by untransparently borrowing my stocks for shorting. At this point, I want to know: 1. How can I find out if my broker borrows my stocks for shorting? 2. How big is the risk for me? Can I lose part of my stocks due to reckless shorting? I asked the same two questions to my broker (Avanza in Sweden), and they haven't replied after 4 weeks.
14 by anticristi | 16 comments on Hacker News.
Dear all, As result of the GameStop "upset", I came to realise that retail brokers not only make money by charging commission, but also by untransparently borrowing my stocks for shorting. At this point, I want to know: 1. How can I find out if my broker borrows my stocks for shorting? 2. How big is the risk for me? Can I lose part of my stocks due to reckless shorting? I asked the same two questions to my broker (Avanza in Sweden), and they haven't replied after 4 weeks.
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