How will SIPC coverage be impacted?

• Related Articles

• How will securities be chosen for loans?

  All enrolled accounts holding the security will be identified and put into a lottery process. Accounts will then be selected on a random basis.

• Where will the collateral be held?

  To secure the loan, cash and non-cash collateral (as per the Securities Exchange Act of 1934 and related SEC and FINRA guidance) will be held for your benefit at a custodial bank that is independent of our clearing partner, DriveWealth. The value of ...

• Will my cost basis and holding period be preserved?

  In most cases, cost basis is not transferred automatically along with the assets. After the transfer is completed, you will see an option to update the cost basis manually from the transaction history section in the app. Your holding period continues ...

• How will dividends be handled within the Fully Paid Lending Income Program?

  Substitute payments will be provided in lieu of dividends and are taxed differently than dividends. Consult your tax professional for further details.

• Where will the details of the Vest AUM fee deducted be reflected?

  The details of the Vest fees deducted from your cash balance will appear in the Transaction History section in the Profile menu.