Re:Berkshire Hathaway’s stock price is too high for Nasdaq c...
by thaumasiotes on Wednesday May 05, 2021 @04:50AM
(#27047644)
> I find it much more likely that it's actually your broker who truly owns the share and you have a contract with them. This is not at all like a house which can actually have two true owners.
Well, a share of stock can have two true owners, it's just that public stocks don't.
The legal ownership structure isn't hard to find out; it is actually mandated by law. All publicly traded stocks are owned by the company set up for that purpose. Doesn't matter whether you're the contractual owner of a tenth of a share or the "sole owner" of a full share; the share is owned by DTCC.
Well, a share of stock can have two true owners, it's just that public stocks don't.
The legal ownership structure isn't hard to find out; it is actually mandated by law. All publicly traded stocks are owned by the company set up for that purpose. Doesn't matter whether you're the contractual owner of a tenth of a share or the "sole owner" of a full share; the share is owned by DTCC.