Re: Another Question for Agoracom
posted on
Oct 18, 2014 07:43AM
I believe those rules you asked about are still in effect for retail customers. Meaning that you and I must observe those rules except that I don't know if we could short any stock that is not marginable . Omag is not marginable, but those rules do not apply tp market makers, and the the big firms that lend out the stock, I believe earn the fee for lending stock out if it is in (street name) the brokers name. I am not certain if they would hold your stock in your own name as opposed to street name. If it were in your own name then you would have to give permission to lend it or decline as most of us would do. They other question is can Omagine register the shares and then have our firms mail us the certificates, that way they could not be shorted at all. Do they have a registrar, I believe that is who would issue shares in our own individual names.