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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (2901)	4/21/1998 9:25:00 PM
From: g_m10	Read Replies (1) \| Respond to of 4969

Clearly we are not arguing that the person borrowing the shares has any right to vote or receive dividend, but the person who hypothecated the shares to borrow against and did or didnot borrow against them, and the person who received the buy side, the long side of the short seller, are both long. From the top of my head. Public companies employ transfer agents to account for, settle and reconcile the transactions when ownership of their shares transfers. This way only one person, current shareholder, can vote and receive dividends from the company. Person whose shares were borrowed from his/her margin account temporarily loses his right to vote, but still gets dividends from the short seller. Curious, what pros from Pershing told you?