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Zuberi ,
@Zuberi@lemmy.dbzer0.com avatar

If your stocks have Cede’s name on them, they are not “your” stocks in a legal sense. This was not how the system worked prior to the digitized banking system.

  • DRS is a more clear record of ownership, yes
  • Voting is easier via DRS
  • You know votes actually count via DRS
  • Communication avoids a middleman entirely, so no, it doesn’t complicate the process

It’s obviously not a secret, I’m not implying it was. The other 20% of people actually own their shit, unlike the ones with Cede as the beneficiary.

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