Can RobinHood lend my stock for shorting?
I have a standard "free" account with RobinHood, and hold some stock with them. According to their standard terms, can they lend the stock I own within the platform to other parties to short? If so, is there a way to prevent it? Some googling hasn't got me very far... #robinhood #short
Yes. There is a way to prevent it. Look up on wsb
Yes. Also, you don't own stock or crypto on robinhood. Robinhood owns that. If it goes bankrupt, you will lose all of that but might be able to get it back via insurance. All accounts are insured upto a certain balance ($500k if I recall correctly)
What does that mean...you dont own stock you purchase in RH? Do they aggregate all customer purchases into some sort of customized RH ETF? Does that mean you cant transfer stock out of RH?
Robbinghood🤮