this post was submitted on 28 Aug 2023
15 points (89.5% liked)

WhyDRS

41 readers
1 users here now

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

Have a great idea to spread the word? There are some resources here to get started!

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

founded 1 year ago
MODERATORS
[email protected]
15
There Are Not More Shares Than There Should Be (lemmy.whynotdrs.org)
submitted 1 year ago by [email protected] to c/[email protected]
5 comments fedilink hide all child comments
 

"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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago

10/10 would read comment again.