Suppose I have 1000 shares of reliance and 1000 shares of liquidbees or sgb (essential cash component) and I have pledged them to get collateral margin
Can a broker use these pledged securities for any type of gain?
I understand broker can earn a float income (interest on idle cash in client’s accounts) but what if client has no cash but have cash equivalent like sgb/govt bonds or stocks like HAL or reliance ?
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