Shorting with Offshore Accounts Message Board

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Non-Tech : Shorting with Offshore Accounts

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To: Bear Down who wrote (43)	2/17/1999 10:01:00 AM
From: Daniel Chisholm	Read Replies (2) of 127

They are not allowed to charge interest on non-listed borrowed securities i.e. BB's. so nothing in it for them. What exactly do you mean by this statement? Do you mean that if I were to short (say) IBM, that I would be charged interest for borrowing the stock? But that if I were to borrow and short OTC-BB:SCAM, the broker would not charge me such interest? - Daniel

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