Will I continue to have voting rights for shares on loan?

Will I continue to have voting rights for shares on loan?

No, voting rights are forfeited for shares on loan, but the client will retain voting rights for any shares of that security that are not on loan. 


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    • Where can I review my loan activity and accrual?

      You will be able to see your loaned shares, collateral, and the rate you are earning online. A monthly statement will also be provided as summary and lending income information. Monthly statements will only be available if loan activity has taken ...
    • Can I still buy/sell the security while it is out on loan?

      Yes, you may remain invested and can continue to buy or sell securities as usual. However, once the securities on loan are sold the loan will terminate and the client will stop receiving loan interest.
    • How will SIPC coverage be impacted?

      SIPC will not cover the securities position on loan. However, the loan will be backed by 100% collateral held at a third-party bank.
    • 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 ...
    • Who has the ownership of my shares?

      Your shares and cash are held by our broker-dealer and custodian partner (note that clearing and execution for Vested are provided by DriveWealth LLC, a member of FINRA and SIPC, and Drivewealth uses custodian services provided by Citibank). You can ...