When you go to your stock broker to buy some stocks of some company, and your broker fills your order, you become the “beneficial owner” of those shares, which means that you are not the real owner. The real owner is Cede & Co.
DRS is the Direct Registration System. It enables shareholders to gain real ownership by directly registering the shares that they paid for into their own name with the issuing company’s transfer agent.
Wtf is DRS
When you go to your stock broker to buy some stocks of some company, and your broker fills your order, you become the “beneficial owner” of those shares, which means that you are not the real owner. The real owner is Cede & Co.
DRS is the Direct Registration System. It enables shareholders to gain real ownership by directly registering the shares that they paid for into their own name with the issuing company’s transfer agent.