Schwab Trolling For Shares

[katytrader]

Unless they have changed their requirements, IRA's are eligible for lending. I know for a fact that a family member has a SLP agreement on a Roth IRA. That person got a call last weekmagain, and all shares are in a Roth. I also have been asked to loan shares on my IRA in the past. In fact, the paperwork is on my desk. I never sent it back. They do change their requirements from time to time. For example, at one point about four or five years ago they were willing to take 100% of the shares in the Roth. They returned shares and stopped or borrowing for a while. They stated that their new policy will only allow 50%.

I  have picked up from other message boards that policies vary with the brokerage house.  And seemingly any one of them might change policy at mid-day and turn their overhead loose to telephone unsuspecting customers.