Stupid question alert: 1. Apparently, it's possible to buy stock directly from a company, bypassing a brokerage account. Is that practical? The benefit is avoiding a brokerage fraud? I know about SIPC. 2. If you buy a stock directly from a company how do you prove ownership?
Thanks. Does that mean that securities in my Vanguard cash account cannot be used as collateral for loans that Vanguard takes out?
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We don't use clients' securities, whether held in a cash or margin account, as collateral.
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Thanks for the reply. According to Vanguard Brokerage's terms of service you have the right to do that. Am I getting something wrong? Source: https://personal.vanguard.com/pdf/v718.pdf pic.twitter.com/Vnn8dsBoWG
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