RE: Stock on loan / shorts - + 2 million19 May 2022 16:41
Re shorting there was some discussion a while back (at the time of Jub I think) about whether your broker can lend your shares out without your knowledge. The note I posted below may be of interest ....
The retail brokers don't seem to lend shares but it's worth checking their terms and conditions. Note these may be different for an ISA or SIPP account vs. a trading account.
HL Ts and Cs state: "Investments will not be lent to a third party and we will not borrow money against your investments. "
Barclays Smart Investor terms state " We will not engage in stock lending for any Asset in your Account."
Interactive Investors seem to have a different policy. Their ISA terms state:
"You agree that we may act for other customers in a wide range of transactions with interests that differ from, or conflict with, yours. You also agree that we will not be required to disclose to you information known to us (or another member of our Group) that is confidential to those parties and may be relevant to your interests."
Clearly it's worth checking !