The advantages of using offshore accounts for shorting have been mentioned in passing on several shorters' threads.
As I understand it, brokers outside of the U.S. are not restricted by the SEC regulations regarding which stocks are marginable, and therefore short-able.
Some folks have mentioned shorting even BB stocks.
I have no experience in this, but would be very interested in learning more.
Has anyone reading this set up an offshore company? Is anyone trading offshore, and willing to talk about it? What are the reasons that people hesitate to discuss this matter?
What other advantages have people found in their offshore accounts? Asset protection, for example?
I've been searching the web, and will post a few links shortly. Nothing very useful yet, though.
Peter |
