Read the full article here: How WallStreetBets Pushed GameStop Shares to the Moon
Here’s the pull quote that references a post on the Sonn Law Group blog:
It’s a little known fact, and one that you wouldn’t expect to learn on a Reddit message board, that a stockholder can request that shares they own outright not be lent out to short-sellers.
“To be clear, your brokerage firm cannot lend out your stocks without your permission,” according to a blog post from the Sonn Law Group on the topic. “However, you may have signed a customer agreement that explicitly allows your broker to lend out your securities. This clause is often tucked deep within the customer agreement, and few investors pay much attention to it.”