"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.

  • ck69b@feddit.ch
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    1 year ago

    Happy to see your name! It rimes with a celebrity from the good old days… Shared interests maybe? 🍌