this post was submitted on 28 Aug 2023
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WhyDRS

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There Are Not More Shares Than There Should Be (lemmy.whynotdrs.org)
submitted 1 year ago by jackofspades123@lemmy.whynotdrs.org to c/whydrs@lemmy.whynotdrs.org
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"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.

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[–] MozooZ@lemmy.whynotdrs.org 4 points 1 year ago

10/10 would read comment again.