Did you know that if you purchase stocks, you don't own them? You only have beneficiary title to the gain or loss in value. The actual security is owned and held by The Depository Trust and Clearing Corporation!
Stocks held by DTCC are kept in the name of its partnership nominee, Cede & Co.
As in you cede, relinquish, abandon, grant, transfer, convey ownership to Cede & Company.
The Depository Trust & Clearing Corporation
Posted by Bob the Berean at 10:52 AM
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1 Comment:
its a new thing that i know now....
you provide a nice info....thanks for sharing this
\Depository trust & clearing corporation
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