Who really OWNS your stocks? You are DOOMED!

[HistoryStudent]

sorry deleted

[angryhippy]

You know who owns them.....

[angryhippy]

bump.... come on HS. Tell 'em.

[aybesee123]

who? :questionm:dontknow:

[Lucifer33]

YOU are the stock!

[traderken]

we all know stocks are worthless paper

[aybesee123]

A rhetorical question is a question where the answer is implied by the questioner.

"Who really OWNS your stocks"

[traderken]

A 'certificate' is a document certifying something exists.

A 'CERTIFICATE OF STOCK' is not the stock itself, just like a 'CERTIFICATE OF TITLE' for a 'MOTOR VEHICLE' isn't really the title.

where do they Keep the Actual Stocks?

[DHawk]

The Depository Trust & Clearing Corporation (DTC) controls all stock sales ... by legislation, in the event of a derivatives melt down, all brokerage accounts can be held as collateral payment for the national debt.

You don't own your shares, you are the benificuary of your account the DTC is the fiduciary.

[DHawk]

The Depository Trust & Clearing Corporation (DTC) controls all stock sales ... by legislation, in the event of a derivatives melt down, all brokerage accounts can be held as collateral payment for the national debt.

You don't own your shares, you are the benificuary of your account the DTC is the fiduciary.

I think I know what this means. LOL
Is it time to sell or too late?

[angryhippy]

and what organization uses it as collateral?

........


the U.N.