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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Ira Player who wrote (10483)	8/30/2002 5:53:31 PM
From: LPS5	Read Replies (1) of 12617

"Borrowed" is still a reasonable simplification for the average user. Yeah, it is. They do not offer it proactively! Why should they? Securities brokerage is a business, not a service. You want, you gotta ask...and even if you do ask, the size and activity in the account might not justify it. Seems to me a wonderful basis upon which firms can compete for one anothers' business. Anyway, I believe the "loaning" of stock for short sales is a significant profit center for some brokers... No doubt. ...except from the few investors that are vocal and therefore get their share! LOL - "get their share"? As if a firm somehow owes them something? Get real. If interest is what's wanted, they should open a bank account. It's not even in the first tier of reasons why people open a brokerage account; it's a perk that's offered for clients who so justify it by virtue of their production. Again: business. Not service. LP.

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