Comments (4)
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JhnBrwnRtrns 2 points ago +2 / -0

Someone needs to find an attorney. And possibly report this to the SEC.

alien_observer 1 point ago +1 / -0

its a little sketchy that its on by default, but I don't see how a crime is being committed? It doesn't work for ape purposes, but for the average trader it makes sense to me. Its like making interest on money you put in a bank. They're loaning it and giving you a cut. But I agree it should be more clear. maybe demand the user choose on or off when they open their account.

Kekistan_United [S] 1 point ago +1 / -0

credit to u/mrgreencard for the notification and followups:

How can I view my stocks that were loaned and check my income?

  1. Any stocks on loan will be visible in your account on the Positions page with an “Loaned” notation.
  2. The details of your securities on loan will be reflected on the related position detail pages.
  3. Additionally, you will be sent trade confirmations on lending activity conducted in your account. All securities on loan and loan activity will be reflected on your monthly statement.
mrgreencard 1 point ago +1 / -0

Thank you. Found this tip from a fellow ape who linked me the /r/amcstock link