Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0

This is why.

"So what does Etrade, Scottrade, and TD-Ameritrade all have in common? They all use the clearing firm Penson Financial. A clearing firm is an organization that works with brokers and exchanges for your trading transactions. They are the ones that control the shares available to short, etc.

The problem is that there are so many brokerages and accounts tied up with this specific clearing firm (Penson Financial) that shares are very very very limited because different brokerages are asking for shares left and right."

http://pennystocker.com/the-best-brokerages-for-short-selling-penny-stocks/

 

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.