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u/fredgeeenfield

Image 1 — US Bankruptcy Code Definitions 741: "The only time you risk losing shares is if your stock is held in Street Name by your broker."
Image 2 — US Bankruptcy Code Definitions 741: "The only time you risk losing shares is if your stock is held in Street Name by your broker."
Image 3 — US Bankruptcy Code Definitions 741: "The only time you risk losing shares is if your stock is held in Street Name by your broker."
🔥 Hot ▲ 97 r/amcstock

US Bankruptcy Code Definitions 741: "The only time you risk losing shares is if your stock is held in Street Name by your broker."

We've seen literally unlimited and infinite shares available everyday for over 5 years. And I don't think they are real shares at this point.. do you? The only way you can own real shares is register directly under your own name. When MOASS happens, brokers won't be able to find real shares and give them to you.

Sauce :

https://uscode.house.gov/view.xhtml?path=/prelim@title11/chapter7/subchapter3&edition=prelim

https://budgeting.thenest.com/lose-shares-broker-goes-bankrupt-23338.html

https://www.finra.org/investors/insights/if-brokerage-firm-closes-its-doors

u/fredgeeenfield — 3 days ago