Cede and Company (also known as Cede and Co. or Cede & Co.), shorthand for "certificate depository",[1] is a specialist United States financial institution that processes transfers of stock certificates on behalf of Depository Trust Company, the central securities depository used by the United States National Market System, which includes the New York Stock Exchange, and Nasdaq.[2]
Cede technically owns most of the publicly issued stock in the United States.[3] Thus, most investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.[4] Securities held at Depository Trust Company are registered in its nominee name, Cede & Co., and recorded on its books in the name of the brokerage firm through which they were purchased; on the brokerage firm's books they are assigned to the accounts of their beneficial owners.[5]
Cede owns 83% of all issued stocks in the United States.[6] The other 17% of all issued stocks is owned by directly registered holders through the direct registration system.
This reminds me of something I read on this board about directly registering your stock when DWAC Stock became available. Someone made a post about this very thing although this particular company wasn't named. It's the only way to know for sure that you own complete rights to your stock.
https://en.wikipedia.org/wiki/Cede_and_Company WIKIPEDIA (Yeah, I Know)
Cede and Company (also known as Cede and Co. or Cede & Co.), shorthand for "certificate depository",[1] is a specialist United States financial institution that processes transfers of stock certificates on behalf of Depository Trust Company, the central securities depository used by the United States National Market System, which includes the New York Stock Exchange, and Nasdaq.[2]
Cede technically owns most of the publicly issued stock in the United States.[3] Thus, most investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.[4] Securities held at Depository Trust Company are registered in its nominee name, Cede & Co., and recorded on its books in the name of the brokerage firm through which they were purchased; on the brokerage firm's books they are assigned to the accounts of their beneficial owners.[5]
Cede owns 83% of all issued stocks in the United States.[6] The other 17% of all issued stocks is owned by directly registered holders through the direct registration system.
This reminds me of something I read on this board about directly registering your stock when DWAC Stock became available. Someone made a post about this very thing although this particular company wasn't named. It's the only way to know for sure that you own complete rights to your stock.