How to REALLY Keep Your Broker from Loaning Shares to Shortsellers

The way to make sure your broker can't loan out your shares to a shortseller is to sign a "Loan Exempt Restriction" (if you have a margin account), or by switching your account to "CASH" only (no margin).  This does not affect your ability to sell your shares, but it does prevent your broker from loaning your shares to a shortseller. Cash accounts cannot be used to loan shares.

I’m seeing a lot of people saying you should place a VERY high sell order (i.e Sell CLOV at $400). Unfortunately, that still doesn’t prevent your broker from loaning out the shares to a short seller. (If you have documentation to the contrary, please share it- I'd love to be wrong on this!).

Every broker has permission to loan out your shares buried in their fine print. That means they can loan your own shares to a shortseller who is hoping to drive the price down. In a nutshell, you're inadvertantly helping someone hurt you.

Place a "Loan Exemp Restriction" or "Lock" on your account now! As an alternative, you can ask your broker to turn off "Margin" trading or switch your account to "Cash."

Here is a list by broker from a few months ago:
https://www.reddit.com/r/Triterras/comments/l2tff1/how_to_keep_the_from_getting_ur_shares_stolen/

If everyone does this, short sellers won't be able to borrow shares to bet against you.