Bloomberg Covers Silver Law Group’s Lawsuit Against E*Trade For ‘Hard To Borrow’ Stock Cost
Bloomberg News has released an article covering a lawsuit Silver Law Group has filed against E*trade on behalf of two clients who were allegedly charged high undisclosed interest rates on short sales for securities that E*trade calls “hard to borrow”.
The suit claims that E*trade didn’t disclose what the estimated interest rate would be before the investors made the trades and didn’t disclose that certain securities were being designated hard to borrow. Continue reading