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Ekba Hudson A. Levensailor
Jose Castillo pulled his $60,000 worth of GameStop Corp GME.N shares from his brokerage last summer, even though he had no intention of selling them.The 26-year-old information technology worker, who lives in the greater Minneapolis area, is among a growing number of investors in meme stocks 鈥?shares such as GameStop popular with day traders 鈥?who are withdrawing them from brokerages out of concern the shares will be lent to hedge funds engaging in short-selling.Castillo pulled the shares out stanley cup of Fidelity Investments and transferred them to his name using Computershare Ltd CPU.AX , an Australian stock transfer company.Brokerages have been trying to reassure investors that they only lend shares of customers who are trading o botella stanley n borrowed funds. If they use their own cash, the shares are not loaned.Castillo traded GameStop shares without using borrowed funds, but he still feared his shares would be lent.He said he read about the direct registration of shares on Reddit, the social media platform that day traders turned to this year after the meme stock trading frenzy took off. There, more and more investors have announced they have taken their shares out of brokerages through companies such as Computershare, arguing this will help shield them from short-selling. There is so much going on wi stanley vattenflaska th a stock being shorted, people started to think how can I make sure that I own it and that somebody else isnt doing anything that I dont want with it, Castillo said in an interview.A Fid Favu Cyprus Business Now
In Loving Memory OfARNOLD PORTERAug stanley thermos . 18, 1926 stanley flask 鈥?Apri stanley cup l 15, 2006Its been five years and we think of you every day. We love you and miss you.Your loving wife, Reona and familyMore articles from the BDN |
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