The company now called "Borrow Best" is owned by people who were associated with a company called Hedge Lender that was the subject of SEC and IRS regulatory action. These people are Mark McKay, Mark Stevens, David Borish.
Hedge Lender's principals owned half of Midtown Capital Group, David Borish's previous company. Mark Stevens sent out many emails saying he was the Marketing Director for this company.
Borish teamed up with people in Utah to start a new company called "Borrow Best" so people would not ask about his past.
Today, Borish, Stevens and others are charging huge fees to people who want stock loans form them. They are NOT doing anything for this. They are getting paid by their "lenders" - maybe illegally because they are not licensed as far as I can tell from their website. They do nothing. They don't represent the client. They take huge fees up to 5% of the loan amounts and nobody has to pay for this.
There are other companies that do not charge these fees for doing nothing. Look them up and save yourself a lot of money. Do it yourself.
Borrow Best will not disclose their history of involvement with a company accused of fraud. The refuse to disclose this and this should be enough to tell you do not undertake ANY loan with these people. They are not honest and do you want to pay these people for this?
Changing their name to BorrowBest is just smoke and mirrors. Be smart. Stay far, far away from these people no matter what they say. The SEC will be checking them out soon and you don't want your loan involved in that. Buyer beware!!
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