Cede and the DTC have been covered in the Stonk sub on numerous occasions but this is really great information. I'm betting that 54 trillion number is a little higher than advertised.
Buy, DRS, and Hold until they bleed from every orafice.
I'm surprised at the doom laden tone of some of the comments of this post. Cede and Co may be a small, secretive and powerful company but it is possible to fight back against them. As you point out, It is possible to register shares in your own name so that you rather than Cede and co hold direct property rights in the stock.
Cede and the DTC have been covered in the Stonk sub on numerous occasions but this is really great information. I'm betting that 54 trillion number is a little higher than advertised.
Buy, DRS, and Hold until they bleed from every orafice.
I'm surprised at the doom laden tone of some of the comments of this post. Cede and Co may be a small, secretive and powerful company but it is possible to fight back against them. As you point out, It is possible to register shares in your own name so that you rather than Cede and co hold direct property rights in the stock.