RE: setting limit order7 May 2018 11:33
Squirty look at the beaufort scenario. Seems they have been selling or loaning out shares held in nominee accounts.
Shorters get their shares from somewhere and if all brokers say they dont lend shares the question is where these shares are obtained from..... could be CFDs or spreadbets but at the very end of the chain the shares need to be 'obtained' from somewhere. One of my previous discussions with beaufort that resulted in me putting a stop loss of £1 was as they didnt clearly state the didnt loan out shares- was typical wooly nilly politician answer that I got. It didnt really answer my question or fill me with confidence. From memory it was along the lines of these shares are held by them in my name so I am the owner and they are the custodian... on prompting further I asked so as the custodian fo you loan or shares without my knowledge and the response was dire. 'They are your shares, on your instructions we carry out transactions'. No way Einstein thats why your my broker (were i should say). Writing was on the wall with the issues I had with them- god knows why i persisted usung them after opening my iweb (Halifax) account that had cheaper fees and was clearly a safer group to hold my investmentd... only myself to blame.