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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.


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).
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