Re:SVB Depositors, Investors Tried to Pull $42B Thursday
by eru on Saturday March 11, 2023 @01:20AM
(#35105982)
Going off on a tangent:
All publicly issued stocks in the US are technically owned by one obscure New York company. Your broker has a contractual relationship with them, and you have a contractual relationship with your broker.
All publicly issued stocks in the US are technically owned by one obscure New York company. Your broker has a contractual relationship with them, and you have a contractual relationship with your broker.
See https://en.wikipedia.org/wiki/Cede_and_Company
Technically, you don't own any (public) shares.