PSA: if your shares on fidelity are on margin (even if you don’t have a margin debit) they will lend them out
I just got off the phone with fidelity, apparently if you hold shares on margin they will automatically lend them out even if you don’t have a margin debit. This will fuck you over during the upcoming share recall and shareholder meeting. You can resolve this by calling customer service and asking them to turn off automatic journaling and to journal your shares from margin to cash.
I waited nearly an hour on hold so I would expect that to happen to other people but it is worth the time to make sure your shares aren’t lent out.
need to make word count: doo dooo, do dooooo
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April 12, 2021 at 11:10AM