‘Shadow Margin’ Borrowing With Stock Soars as Market Rises

“Wall Street brokerages have been selling billions of dollars in loans backed by stocks and bonds, a trend that yields lucrative fees for the firms but poses risks for borrowers.”

Read more: http://news.morningstar.com/all/dow-jones/financials/201707282549/borrowing-with-stock-soars-as-market-rises-wsj.aspx

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