Dear Vested Support Team,
This is super important. I recently received the notification regarding the transition of my account from a Cash Account to a Zero-Leverage Margin Account.
Before I provide my consent, I would appreciate some clarification on how this change affects my account and my holdings.
Could you please confirm the following:
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Although the account will become a Zero-Leverage Margin Account, will my fully paid securities remain my property and continue to be held solely for my benefit?
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Will Vested or DriveWealth have the right to lend, rehypothecate, pledge, or otherwise use my fully paid shares for securities lending or any other purpose without my explicit consent?
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Does this transition automatically enroll my account in any securities lending or share lending program?
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If not, can you please confirm that my fully paid shares will not be used as collateral or lent to third parties unless I explicitly opt into such a program in the future?
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Apart from faster settlement, day trading capabilities, and the removal of Good Faith Violations, are there any other material changes to my rights or the treatment of my securities after this transition?
I would appreciate a clear written response, as this information is important for every community member before accepting the new account terms.
Thank you for your assistance.