No. of Recommendations: 2
Good morning Albany, there is a huge difference between borrowing against your house etc and your securities. If, if, trump borrows against his stock, the lenders can sell pieces to reduce the balance whenever they feel the balance is at risk. In the early 90s I tried to convince contacts at the SEC that these transactions should require an 8 k filing. When any insider or at least a, controlling insider, pledges their stock as collateral for a loan, it should be disclosed, especially if the securities are, restricted. Does anyone know if a filing is required currently to, disclose, these transactions? My guess is no, there is still no disclosure requirement which puts the public at risk. Thanks.