OK. Have received 5 DMs about this. Bottom Line: very poorly done by @EasyEquities . Securities lending is an accepted practice but it should be strictly with the client's opt-in. Forcing an opt-out is bad enough but requiring the added hassle of an email is entirely unacceptable
It is fine to offer clients the option to partake in scrip lending. It is then the task of @EasyEquities to motivate this sufficiently with all facts, detail and risks clearly set out. Then clients can decide. NOT by force requiring effort to opt-out. That is unconscionable.
Having said the above, I note that the author is also peddling subscriptions. Hence it is in their interest to create a furor. Comparatives to 'gambling in Vegas' are over the top. @EasyEquities clients should note all views on all sides but temper with facts &healthy skepticism
