September 14, 2010
To Whom It May Concern:
All brokers automatically put your stock into A MARGIN ACCOUNT that can be borrowed and sold short UNLESS YOU REQUEST A BROKERAGE CASH ACCOUNT.
THE STOCK IN A BROKAGE CASH ACCOUNT CANNOT BE LENT TO SHORT SELLERS.
THERE ARE VERY FEW OF US THAT SELL SHORT. OUR STOCK SHOULD BE AUTOMATICALLY PLACED IN A BROKERAGE CASH ACCOUNT UNLESS WE REQUEST A MARGIN ACCOUNT.
IT IS CURRENTLY THE OPPOSITE OF WHAT SHOULD BE.
I have asked numerous people who have margin accounts about this and none of them know what I have written above. I DIDN'T UNTIL I PUSHED A BROKER FOR THIS INFORMATION.
Also, NONE OF MY FRIENDS WANT THEIR STOCK AVAILABLE TO SHORT!
Our stock IS working against us in margin accounts.
THEY ARE TAKING A HUGE ADVANTAGE OF THE UNINFORMED.