Re:Berkshire Hathaway’s stock price is too high for Nasdaq c...
by manarth on Friday May 07, 2021 @02:50AM
(#27073041)
A fractional share is a new financial instrument operated by the seller of the fractional share.
If you take the example of Robinhood, here's the relevant section[1].
> "I understand that fractional shares within My Account (i) are unrecognized, unmarketable, and illiquid outside the Robinhood platform".
Robinhood remain the owner of the share and retain the voting rights. Robinhood's terms describe how they distribute dividends and voting "rights", but this is a commercial agreement between Robinhood and the fractional share buyers, and doesn't invoke the legislation surrounding share ownership.
If you take the example of Robinhood, here's the relevant section[1].
Robinhood remain the owner of the share and retain the voting rights. Robinhood's terms describe how they distribute dividends and voting "rights", but this is a commercial agreement between Robinhood and the fractional share buyers, and doesn't invoke the legislation surrounding share ownership.[1] https://cdn.robinhood.com/assets/robinhood/legal/Robinhood%2... [Section 27]