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Non-Tech : Any info about Iomega (IOM)?
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To: Sturgeon who wrote (6782)8/30/1996 12:34:00 PM
From: rainman   of 58324
 
Correct me if I'm wrong, it's been a year since I attended Series 7 training, but it's my understanding that it doesn't matter if shares are kept in the type I cash account or the type II margin count in order for them to be borrowed for shorting purposes. All that matters is that you have a margin account established. Contractually, everyone who establishes a margin account signs a agreement with their brokerage firm that allows the brokerage to borrow the shares.
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