Anyone ever heard of this. Supposedly no one owns any stock in any company but they hold all stocks for all companies in NYSE, NASDAQ etc... idk haven't seen it posted here so I thought I'd get the ball rolling on that for some digging
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So do we do a search on "Cede & Company" to find out what you are talking about because I haven't a clue as I've never heard of such a thing.
The Depository Trust Company (DTC) is a New York corporation that performs the functions of a central securities depository as part of the US National Market System. The headquarters for The Depository Trust & Clearing Corporation, which includes DTC, are located at: 55 Water Street, 10041-0099, New York
Watch the water,
Interesting.
yeah that's the company name apparently.
I'm going to do some research. I wanna know more.