Why Jeff Bezos Sold $6 Billion of Amazon Stock This Week—It's All Part of a Plan
(www.investopedia.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (37)
sorted by:
Added clarification. DRS moves shares from broker (custodial ownership) to transfer agent (individual ownership of property via 4th amendment). Under custodial ownership, the shares are actually property of the brokerage (Trust) being held "for your benefit". But if the brokerage goes bankrupt, you have no recourse to recover assets.