Xylan Message Board - Msg: 6496351

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xylan

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Anthony Tran who wrote (3479)	11/20/1998 9:22:00 AM
From: Gary Korn	Read Replies (3) of 4135

Called my broker yesterday to have my Xylan certificates sent to me [to preclude shorting] Anthony, You should ask your broker whether simply moving the shares from your "margin" account (Type 2) into your "cash" account (Type 1) will accomplish the same purpose of precluding the loaning out of these shares (and at at no cost to you). At Fidelity (and I believe all brokerages), when shares are held in a cash account (Type 1) they cannot be loaned to another customer for shorting. (Of course, as the shares are no longer "marginable," you cannot borrow against them.) Gary Korn

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next