When I buy and sell stocks, I do it through a brokerage, so the stocks aren’t owned by me directly. This creates a single point of failure for me if the brokerage goes under for some reason. I can’t imagine with billions of dollars you would tolerate that kind of single failure point, so how do these guys do it?
In: Economics
You DO directly own the stocks. Laws ensure that. This is one of the MANY areas of our lives where our government regulations protect the end consumer. It may not be completely seamless if your brokerage goes under, but those ARE your shares of ownership.
Latest Answers