Over a month ago, we talked on this board about shorters borrowing stock from Margin Accounts to short stock. I realized then that one of my accounts was a margin account and stock was being lent out. After I jumped through a few hoops, my account was supposedly changed back to an investment account. Today, I found out that it never was, even though my computer screen shows it as now being an investment account...
My accounts are through RBC. I found the "technical error" as they told me, when I went to transfer cash out of the said account. Folks, if margin accounts are an issue to you as they are to me, double check...
I could say a heck of a lot more about this as there is more to the story, but the jest of it, I have outlined above.
Kherson