WhyDRS

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Community to discuss the WhyDRS.org project and resources, and how to spread DRS advocacy and information to all investors for all securities.

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https://www.whydrs.org/free-resources

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Chives@lemmy.whynotdrs.org

There Are Not More Shares Than There Should Be (lemmy.whynotdrs.org)

submitted 1 year ago by jackofspades123@lemmy.whynotdrs.org to c/whydrs@lemmy.whynotdrs.org

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"As a result, a beneficial owner's ownership cannot be tracked to specific shares but rather its ownership interest is represented as a securities entitlement at his or her broker-dealer. Each of those beneficial owners don't own the actual shares credited to their account " https://www.sec.gov/news/speech/2007/spch101607ers.htm

There can however be more security entitlements than total shares issued by the company.

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[–] ck69b@feddit.ch 2 points 1 year ago

Happy to see your name! It rimes with a celebrity from the good old days... Shared interests maybe? 🍌