Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
By using DTC's Direct Transfer System to let BRK shares register in my name I would not be at the mercy of Cede&Co. nor DTC nor my broker.

As I am the direct owner your multiple beneficial owners scenario can't happen, my broker can't lend or sell my shares wrongly or fraudulently in case collapse etc.

I would only be as you put it "at the mercy" of BRK's (as the share-issuing company) transfer agent who is maintaining their share registry for them.

Wrong?


I do not know if you are wrong or not. I think you would be safer than just leaving it at Cede and Company. I do know that my shares were registered at the Berkshire-Hathaway's transfer agent (Wells-Fargo at the time) but I understand it is different now (but I could be wrong).
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.