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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Judith who wrote (6222)	5/26/1999 4:35:00 PM
From: MarX	Read Replies (2) \| Respond to of 28311

Hi Judith: Yes, I am positive of the information I posted re cash/margin accounts and a brokerages firm right to loan our shares to short sellers. The fact that any securities are held in street name is irrelevant. Their right to lend our shares is granted to them by us in the Margin Agreement we sign when we open an such an account with a brokerage firm. I recently verified this with the Stock Loan Department of a major NYC brokerage firm where I have my account. I had them transfer my GNET shares from Margin to Cash and specifically had them assure me that they could not lend them out (from a cash account). This does not necessarily mean that you have to have two separate accounts. Many firms handle both margin and cash in the same account and merely keep them separate (e.g. cash designated as a Type 1 account and margin as a Type 3 account within the a single account number. Hope this helps.