RE:RE:RE:RE:RE:RE:Have Sell Orders up at $1.00+Rusty2018 wrote: my understanding is that your brokerage can use your shares for shorters unless you have a sell order. If you have a sell order in place, then they have to ensure they have sufficient shares to cover all sell orders within their brokerage
My understanding is that the only shares available to short are those that are in a margin account
and are
not in "Segregation Custody". Segregation Custody means the broker cannot use those shares in the conduct of their business.
Looking at my brokerage statements, all shares of all stocks held in a TFSA or RRSP are marked as in Segregation Custody. Looking at my margin account, shares that are
not marginable are marked as in Segregation Custody.
My OILS shares held in a margin account are marked as in Segregation Custody which means they are not available to the broker to lend out for shorting if I understand correctly.
I see that RBC only offers margin on stocks that are $5 or more, BMO $2 or more. In a recent FP article, BMO no longer allows cannabis stocks to be shorted.