As a shareholder of GME, how can I ask FreeTrade to recall my shares so I can exercise my shareholder rights in the upcoming AGM? As I believe we own the asset on Freetrade unlike some other brokers.
This has been discussed before on the forum and the conclusion was that Freetrade does not lend out your shares. See for example:
As pointed out here:
Most brokers loan out shares to other big players without is knowing. But this can be opted out from.
Presumably FreeTrade uses this same mechanism?
Can we opt out?
As a way of generating revenue, in addition to CFD’s, Trading212 partakes in share lending, loaning out all investors shares and keeping and profits made.
Does Freetrade do this! I’d be interested to know given shares are held in a custodian account, rather than individual investor names.
Hi all,
This has become a bit more widely known with the ongoing GME saga but, essentially, it appears that brokers can lend out your shares to short sellers.
I know this is the case with options, but this is probably more to do with the fact that you don’t actually own the shares, but…
Can our fully-owned shares be lent out to short sellers? And does the broker that FT uses do this?
I do not want my shares being lent out when these institutional short sellers are betting/working against me. …
And most recently, @CWT enquired with Freetrade and reports that they answered definitively:
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system
30 May 2022 08:31
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