Need a hand?

While there is no guarantee that any of your stocks may be lent, if your stocks are lent out, there are several impacts to your positions:

1. As long as your shares are lent, the share borrower controls the voting rights of the shares.
2. Your lent shares are not covered by SIPC insurance. Instead, the borrower is required to post collateral equal to 102% of the value of the shares to guarantee the loan.  
3. Dividends are initially paid to the borrower of the stock and then sent to you. This is known as a Manufactured Dividend. Manufactured Dividends may have different taxable consequences. Please consult with your tax advisor.