Q: I am considering an account with interactive brokers and i see they have a securities lending program where you loan the shares for shorting purposes and receive a collateral cash amount on which interest is paid. Is there a risk to this? You can sell the shares any time. Do you know if there is a CIPF protection for the shares loaned to interactive brokers?
I know you do not recommend brokerages, but I would appreciate if you can point out any disadvantage (advantage) as compared to self directed brokerage with a Canadian bank.
Regards
I know you do not recommend brokerages, but I would appreciate if you can point out any disadvantage (advantage) as compared to self directed brokerage with a Canadian bank.
Regards