SoFi is excited to share the news: Members will now be eligible to earn money from shares they already own in SoFi’s Equity Lending Program. Any SoFi Invest member who owns shares in their account, regardless of the number of shares or dollar value, will be eligible to earn on their currently owned shares.
SoFi’s goal is to help members get their money right, and this is another way we help put more money in members’ pockets. Members will earn 15% of the total net proceeds earned and received for lending shares if their shares are loaned out.
SoFi Invest members are automatically enrolled in the program, and will receive payment at the end of each month if their shares were loaned out in the previous month. If members don’t want to participate, they just need to send SoFi a quick message via the online or in-app chat function, and they will be deregistered. Members can review details of potential risks hereour lending agreement hereat any time to evaluate whether this program fits their needs and goals.
SoFi members will receive these benefits through our fully paid securities lending program offered through our clearing broker, Apex Clearing. Nothing else about the trading experience changes for investors, except that they now have the ability to earn more from their investment!
We know that members are increasingly turning to investing to help achieve financial independence, and offering equity loans is our way to help eligible members earn more money on those investments and achieve their financial goals. For our members who are not already investing with SoFi, they can register here To start.
Active investment and brokerage products offered through SoFi Securities LLC, member FINRA (www.finra.org) / SIPC (www.sipc.org).
Advisory services are provided by SoFi Wealth LLC, an investment advisory firm registered with the SEC.
For members enrolled in the Apex Fully Paid Securities Lending Program, securities lending is done on a Master Securities Lending Agreement. Members are eligible to receive a monthly payment if Apex lends any securities. Payment is a percentage of the total net proceeds earned, which is subject to change. There are risks with equity lending, for a detailed review of those risks please see Important disclosure. Members can opt out of the Securities Lending Program at any time by sending us a message via chat.