Why One Company Technically Owns Every Stock in the US

Рет қаралды 680,014

Жыл бұрын

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Пікірлер: 756

@almostanengineer Жыл бұрын

You have to release a limited edition shirt now with ‘Weird and Confusing Legal and Logistical Technicalities’ now 😂

@realcanadian96 Жыл бұрын

I would wear that

@dougfowler1368 Жыл бұрын

Am I the only one imagining a James Bond movie where the bad guy tries to steal all those stocks, which sounds scarily easy to do? :-)

@FrozenBusChannel Жыл бұрын

@@realcanadian96 Not sure about that, but I would definitely buy it anyway

@TheEDFLegacy Жыл бұрын

Only if the shirt has a notable brick pattern.

@EMNstar Жыл бұрын

I love that

@karsam807 Жыл бұрын

Fun fact, if you own property at a co-op, you do actually own stock. The transfer process requires you to go through an agent to issue the stock in your name, meaning some people do own company stock

@spikedofficialaccount5809 Жыл бұрын

Computershare?

@fredles1 Жыл бұрын

Exactly, like 1/3 of gamestop shares are owned by retail investors!

@catdogmousecheese Жыл бұрын

But the difference is co-op's don't have CEOs and usually have only a few dozen owners instead of thousands of owners like in a corporation.

@MikeDCWeld Жыл бұрын

@@catdogmousecheese I assume that they also aren't publicly traded. If a co-op went public I wonder if the existing stockholders would retain legal ownership of their stocks until they chose to sell them or if they'd be required to transfer the actual stocks to Cede and Company while retaining the rights of ownership.

@karsam807 Жыл бұрын

@@GeorgeWashingtonLaserMusket I believe they are actually private for profit companies. When you actually buy property there, what you are actually buying is an amount of stock in the company, who actually owns the land. Then, the company signs a permanent lease with you for the apartment you actually want to live in. This distinction doesn't really matter as far as living there goes, but if you needed a mortgage the bank will hold your stock certificate as collateral while you pay the loan

@futuregodkingoftheuniverse8381 Жыл бұрын

Now I want a heist movie where the team breaks in and steals all the physical stock papers.

@dougfowler1368 Жыл бұрын

So an hour later, I wasn't the only one thinking this would be a great James Bond movie! :-)

@arsvi123 Жыл бұрын

or on youtube: "How I stole the entire American economy. NOT CLICKBAIT"

@jannikheidemann3805 Жыл бұрын

@@arsvi123 Not every part of the American economy is comprised of companies traded as stocks.

@EebstertheGreat Жыл бұрын

The stock market would close for a day, and the next day, Congress would pass a law making the physical pieces of paper worthless and unnecessary but still requiring trades to go through DTC. Cede & Co. would still legally own the stock, even though the paper was taken away from DTC. So nothing would actually change, except for a brief headache, and even if the criminals got away with it, the paper would be worthless. (To be clear, the stocks are all issued in Cede & Co.'s name. Just because you get your hands on it doesn't mean you own it. You would need to go through that whole process to transfer it from Cede & Co. to you, which wouldn't be legal even with Cede & Co.'s permission due to the contract restrictions on those stock.)

@Andy_Holmes Жыл бұрын

But who will they sell them to?

@justinbanks2380 Жыл бұрын

Best and sadly most accurate line ever: "Congress did something they almost never do, and passed legislation to fix a problem." I wish this weren't so accurate and there were signs of it improving, but signs seem to show it getting worse somehow...

@frenlyfire Жыл бұрын

bro really? 😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳😳

@justinbanks2380 Жыл бұрын

@@frenlyfire ? Not sure what your response is to. Are you saying Congress is getting better?

@LibertyFabrication 2 ай бұрын

It’s not correct to say that they fixed something. Centralizing on the DTC enabled naked shorting, high frequency trading and a lot of other bad shenanigans.

@sssdddkkksss Жыл бұрын

A company I advise had physical stock certificates of a listed company kept in some old director's drawer for decades. When it came to sell - we had to go through a months long process of sending the original physical copies to the stock transfer agent, whom then 'digitised' them and 'delivered' them back to our broker. Only then could we sell. We still have a few more stocks like these on our books. Such a headache.

@MikeDCWeld Жыл бұрын

Did the delay affect the selling price? Would it be possible to get the remaining physical certificates swapped out for digital versions without a sale pending? If so, it seems prudent to go ahead and get the process started.

@sssdddkkksss Жыл бұрын

@@MikeDCWeld It's a publicly listed stock, so your beholden to the stock market even though your particular shares are on paper. You only get the price at sale. This didn't matter for us, as we weren't in a rush. You can of course kick off the process to digitise without a sale pending, yes - but anything under a certain value we haven't touched. We may get a decision over our heads to sell - and I'd argue the case for why it's not worth our time :'D A lot of people go through a process similar to this if they make an investment in a private company that subsequently floats on an exchange. You may find your shares are held by the stock transfer agent and you have to fill in a form for your broker to request to 'receive' the shares digitally from the stock transfer agent. You could still sell without the shares in your own brokerage account, but depending on the stock transfer agent, you might have to get the legal counsel of the floated company to write a letter to the stock transfer agent that you want to sell some of your shares! Other stock transfer agents have online platforms similar to the user interface of a normal brokerage service - but they are few and far between.

@igortolstov487 Жыл бұрын

@@sssdddkkksss what if you hold a paper certificate from long time ago, and company has done several stock splits since then. Do they adjust the number of shares you own accordingly?

@micheal_mills 4 ай бұрын

The primary reason most people invest in stocks is the potential return compared to alternatives such as bank certificates of deposit, gold, and Treasury bonds. For example, the average stock market return has been about 10% annually since 1926; long-term government bonds have returned 5% to 6% annually during the same period.

@robert-1miller 4 ай бұрын

Stock market's returns often significantly outpace the rate of inflation. For example, the long-term inflation rate has run about 3.1% annually since 1913. That compares to a double-digit annual return from stocks. Stocks have been a good way to hedge against inflation.

@donna_martins 4 ай бұрын

Many companies pay dividends, or a portion of their profits, to investors. The majority make quarterly dividend payments, although some companies pay monthly dividends. Dividend income can help supplement an investor's paycheck or retirement income.

@ilyaveysman. 4 ай бұрын

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

@donna_martins 4 ай бұрын

She goes by ‘’NATALIE NOEL BURNS’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

@ilyaveysman. 4 ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@bencevarga3508 Жыл бұрын

It's not just one company, it's The Company.

@erayozsaray3526 Жыл бұрын

Laughs in Prison Break

@gordnyc Жыл бұрын

... and then Superstorm Sandy hit, and flooded the lobby of 55 Water Street to a depth of 3 feet, which doesn't sound too bad unless you know that there is a concourse *below* the lobby, and two sub-levels below that, and that DTC stored all those paper certificates down on space in the sub-levels. I know, because I worked at 55 Water then and still do -- and a lot of those certificates apparently became pulp mush (as did much of my own employers' records that were stored down there as well). Not great.

@jannikheidemann3805 Жыл бұрын

Pulp mush that we know has something printed on it is still technically just as valuable.

@DeltaChanged Жыл бұрын

Actually, you can register shares in your name through a company’s transfer agent, such as computershare.

@lusbysam Жыл бұрын

DRS baby

@epicmedianetwork1423 Жыл бұрын

We're literally everywhere

@sotiredsosleepy409 Жыл бұрын

I drs my shares like I consume bananas

@tomcrazyOMG5 Жыл бұрын

Institutional owners and insiders also own stock (not available to normal people), such as with ATM stock offerings. Basically, unless you want to play with options/futures and other short-term investments, there’s not much incentive to use a broker if you are confident in the stock you want to own.

@marsrover001 Жыл бұрын

DRS is da way.

@harryw9268 Жыл бұрын

If you’re in Australia, you legally own Australian stock (with some nitpicky exceptions depending on your broker). Not beneficial ownership, but full, legal ownership.

@matthewvincent2259 Жыл бұрын

In Australia the ASX has a system called CHESS which means with most brokers you do actually own the stocks

@IAmSkip94 Жыл бұрын

And Australia is soon going to move on from the CHESS system to an even more modern system underpinned by a blockchain.

@matthewvincent2259 Жыл бұрын

@@IAmSkip94 they ended up scrapping the blockchain system a few days ago

@louiscypher4186 Жыл бұрын

@@matthewvincent2259 and thank fuck for that. Blockchain is terrible for high volume fast transactions. Tech-cultists need to slapped down.

@IAmSkip94 Жыл бұрын

@@matthewvincent2259 Oh that's unfortunate, it would have been interesting if they could have deployed it!

@BeantownMrs Жыл бұрын

I used to work in the DTC recon department at a custodial bank. That was honestly the easiest job I ever had.

@lookoutforchris 2 ай бұрын

I would say that’s true of all the people I know in finance.

@realcarmoney Жыл бұрын

You can directly register your shares with the companies transfer agent and own the stock in YOUR name. I own multiple tickers that use computershare as the companies transfer agent.

@sudonim7552 Жыл бұрын

I know this video is exaggerating for dramatic effect, but not *every* stock is held by Cede & Co. Anyone who owns stock can request to have the physical copy of their stock. I remember during the whole GameStop fiasco that some people got their paper copies and framed them basically as a souvenir.

@greglinder5784 Жыл бұрын

This is the "Direct Registration System" (DRS). The GME fiasco is still going on; So far, retail investors own ~58% of the free float, or about 30% of the entire company, in their own names. It's the highest percentage DRS of any company in history.

@initialb123 Жыл бұрын

"physical copy of their stock" you mean, a promise note, you don't own anything other than a promise, if you're cool with that ? Good for you.

@lrdxgm Жыл бұрын

@@initialb123 With DRS you get the exact same promise of rights, without the physical note, how on Earth is that a stronger connection.

@ts-wo6pp 2 ай бұрын

@@greglinder5784lol nothing happened. Losers

@adaml2932 Жыл бұрын

Most people don't know that brokers just send your order to their market maker, which when they have many customers most of the time you are "trading their own books" & then the major market makers "settle" between each other , similar to how checks & direct deposit go through federal bank clearing where the banks settle between each other

@johnchessant3012 Жыл бұрын

the DTC was actually flooded during Hurricane Sandy in 2012, damaging one vault's worth of stock certificates

@SaveSucceeded Жыл бұрын

Came here expecting countless comments about DRS and GME, was not disappointed.

@initialb123 Жыл бұрын

So many sheep going the wrong way, at least I know what broker has my shares, unlike the DRS sheep - clueless and misled, is so sad.

@reardenbentley9622 Жыл бұрын

okay but i would proudly wear a shirt that said “weird and confusing legal and logistical technicalities”

@philsharp758 Жыл бұрын

Have a look at Euroclear and Clearstream. Transfers between the two settlement systems was called " the bridge" as the securities were actually driven over a bridge between Belguim and Luxembourg. And the biggest robbery was in the UK ( £ 600 million Pounds) was the stealing of Gilts from a courier to the CGO. The Central Gilts Office until the mid 1980's consisted of wooden cupboards where one company would post cheques and bonds into the front and thereceiving would collect the paper cheques certificates from the back.

@plushquasar653 Жыл бұрын

You can request share certificates for a fee if you insist on owning shares outright. Generally that is just done as a novelty for children though.

@initialb123 Жыл бұрын

@@ianshuley8348 What broker bought up those shares that you transferred to the transfer agent? Do you even know ? Will computershare even tel you? That's a nope. You're in the dark without a clue, avoid getting all your information from a Reddit sub who's purpose is to purple circle jerk. It's not the way.

@MrPaxio Жыл бұрын

@dishwashingunit they also become off-limits for your advantage of being able to pull out when it starts to tank. youre just bag holding for the others who can do so

@MrPaxio Жыл бұрын

@dishwashingunit as if you can predict when the panic selling is gonna happen. unfortunately its already priced in before you can even think about it

@MrPaxio Жыл бұрын

@dishwashingunit which is why they want you to register in your own name, so you cant, and you end up being the bag holder

@MrPaxio Жыл бұрын

@dishwashingunit "tards"

@AluminumTiki Жыл бұрын

I prefer beef stock, though sometimes I may buy a couple of celery stalk here or there.

@greglinder5784 Жыл бұрын

Owners of a certain security are gradually clawing them back from Cede & Co, and holding them in their own name, through this company's transfer agent, ComputerShare. You can still own things yourself, if you own them via the DRS system. Thanks for the video, and keep DRSing your GME if you haven't already!

@ZacharySugano Жыл бұрын

We ACTUALLY own our stock 💎🙌 🦍

@initialb123 Жыл бұрын

@@ZacharySugano Sounds good, you've got a promise note, written by computer share, backed by the owners Ceed&Co ... Let me ask you this, do you even know what broker has your shares ? Might it be Shitadel? How would you even know, it's all a secret... At lest I know what brokers have my shares, computershare won't tell you, sounds like some shady shit to me.

@ZacharySugano Жыл бұрын

@@initialb123 I have direct ownership of my shares. I actually don't have any form of promissory note or beneficial ownership. ComputerShare is a stock transfer agent and not a stock broker. A stock broker helps you execute transactions when purchasing or selling stocks and as this video explains, brokers collaborate with Cede & Co to manage beneficial ownership rights. A stock transfer agent, on the other hand, is responsible for managing changes in ownership of company stock and maintains an official register of ownership. The register that ComputerShare maintains is the true legal list of shareholders. ComputerShare is not backed by the DTCC or Cede & Co in any way. While Cede & Co is the legal owner of most shares in the stock market, their ownership is determined through the register maintained by transfer agents, not the other way around. So Cede & Co only owns shares because the register of transfer agents like ComputerShare declares it to be so. So this means that no broker has my shares, definitely not Citadel. ComputerShare can't tell you what brokers have your shares because transferring shares to them removes your shares from the beneficial ownership system setup by brokers and the DTCC and results in your name being directly listed in the register. I think it is far shadier to have another corporation owning shares on your behalf. You don't know what brokers and the DTCC are doing with your shares. They could be using a fractional reserve system, lending shares out without asking, and thus reducing the value of your assets while pocketing the difference. I feel much safer knowing that I have true legal ownership rather than letting another party own my shares.

@HydraZProductions Жыл бұрын

goddamn bots

@meaty8887 Жыл бұрын

I doubt this is how it works in other stock markets outside the US, and also stock ownership is possible directly if people requests it. Another possibility is buying shares from the company outright without a broker, bypassing the stock market entirely

@Natalietrans Жыл бұрын

Wait this opens an incredible amount of legal technicalities

@ebuford Жыл бұрын

As always, fun and educational! BTY legionnaires disease was actually from the 70’s

@jm7974 Жыл бұрын

The stock itself is not actually ownership either. The stock itself is ALSO just "buying contractual rights and becoming the companies' fractional beneficial owner. That title gives the right to receive a fractional share of the dividends the company pays, to vote as a shareholder, and to sell the rights should you choose and receive the value of that sale-basically, everything an owner would normally be able to do, you can do, but technically you don’t own it. But hey, ownership" The catch is the contractual rights are an asset, and have value. So ultimately, you are trading contractual rights with values. Which is what really matters.

@esajpsasipes2822 Жыл бұрын

so, if you "own a stock", you actually own a certificate to a certificate (broker) to a certificate (the stock itself) to contractual rights. This is worse than NFT's.

@jannikheidemann3805 Жыл бұрын

@@esajpsasipes2822 It is certainly more convoluted. But it still is more useful.

@spacetoast7783 Жыл бұрын

How is that not just ownership with extra words?

@initialb123 Жыл бұрын

@@spacetoast7783 It's a bit of smoke and mirrors. You can "own" a promise note, but not own or have any rights to the thing promised. In this case, I can sell you a promise note that has some abilities such as voting rights as if you owned the shares, however your entitlement is limited to what ever the clearing house says it is. Believe they will fuck with the small guys like us, or make new laws to move the goal posts.

@absalomdraconis Жыл бұрын

If I ask you to bring me a pound of ownership, you won't be able to, because ownership is a concept instead of a real thing. Those contracts that you're talking about are the closest that ownership gets to actually existing. Also, there is a fundamental rule to remember: if it looks like a duck, swims like a duck, flies like a duck, and quacks like a duck, _then it's a duck._

@stoneprevious4294 Жыл бұрын

This subject came up in conversation a few months back between a friend and I. I tried to inform them that they didn't technically own stocks but I portrayed my points poorly. Glad I now I have a video to share when I inevitably force it back into conversation.

@cutback443 Жыл бұрын

this video popping up in my feed at a perfect time. Thanks!

@shacktoms2791 Жыл бұрын

I've got some share certificates. I think you are talking about share's held in street name. It is a good idea because lost shares can be reissued. The Fed ought to treat money that way, so money that is lost in a failed bank or other institution (i.e. actually in digital form on the Fed's ledger) can be replaced, without involving the FDIC or FSLIC etc.

@deadenddirtroad9870 Жыл бұрын

Love the information for everyday stock holders. If you are holding for any length of time please look into Direct Register of your Stock, DRS. If you don't own the wallet, it's not your crypto, if it's not in your name, it's not your stock. Buying and selling is (almost) just as easy through the agent.

@niklassheth6995 Жыл бұрын

It absolutely is your stock if you own it in street name. No reason to waste time with direct registration

@greglinder5784 Жыл бұрын

@@niklassheth6995 This isn't true. If your shares remain in Cede & Company, you implicitly wave certain rights to share ownership. Shares held in "street name" can be used to fulfill delivery obligations (sometimes called "locates") by brokers even if you didn't sell anything short, or agree for your shares to be lent. It's a major loophole in the markets, a topic discussed in great depth in Naked, Short, and Greedy by Dr. Susanne Trimbath, who actually was one of the key players in setting up the DRS systems back in the 90s.

@initialb123 Жыл бұрын

@@greglinder5784 All public traded companies shares are owned by Ceed&Co , no mater who's name is on the statement, it's nothing more than a promise note saying you're due a certain amount of shares should a dividend be issued , or voting rights or should you want to sell/transfer those shares. Avoid the koolaid on one particular purple circle jerk subreddit , these sheep are being led down a path that won't help people like you and I.

@deadenddirtroad9870 Жыл бұрын

@@greglinder5784 thanks for having my back Greg. And to Niklas, I believe I will find the time and in certain circumstances that time is worth more then gold.

@peperoni_pepino Жыл бұрын

Didn't you already make an earlier video on the paperwork crisis? I feel like I have seen that part before, but without the stock context? Maybe it was Tom Scott instead, but I definitely knew this already.

@tevinvezina1766 Жыл бұрын

"Ownership is overrated anyways." 3 seconds later..."Join Nebula, I own it with other creators."

@ehaslage Жыл бұрын

Thatsthejoke.jpg

@tevinvezina1766 Жыл бұрын

@@ehaslage It wasn't a joke because he said, "Just ask Elon." as if Elon Musk buying Twitter is real life evidence that ownership is overrated.

@gziKmdDFrg Жыл бұрын

Hypocrisy is never overrated

@alexwalker5716 Жыл бұрын

@@tevinvezina1766 Who would want to own twitter? Especially after that guy made it even worse than it already was. Although with the way things are going, there won't be anything left to own soon.

@tevinvezina1766 Жыл бұрын

@@alexwalker5716 well if I could choose who owns twitter I’m going to choose myself lol. But otherwise I don’t really care as long as they don’t violate first amendment and free speech anymore (which happened under Jack Dorsey).

@MUHAMMADHAMZA-jy1lu 5 ай бұрын

In Pakistan, there are Private Brokers and State-Owned CDC (Central Depository Company). One way of ownership Structure of stocks is same as the US (i.e., CDC > Broker > You) but there is also another option of direct ownership with CDC (i.e., CDC > You / CDC will register Stocks in your name).

@houstonhart7562 Жыл бұрын

You can actually go to your broker and direct register your shares in your own name and prevent brokers or anyone from lending out or stealing your shares.

@kwasiappiah-kubi7686 Жыл бұрын

Please how does this actually work please elaborate on it

@mididude03 Жыл бұрын

I used to work at 55 Water and I cannot confirm or deny the accuracy of this video

@TheBaegislash Жыл бұрын

So it's basically the polar opposite of an NFT from what I understand

@fluence51 Жыл бұрын

Yes, this is a theoretical plausible use of NFTs when people stop believing ape pictures are worth 50 Ethereum.

@MiserableJosephson Жыл бұрын

I'd love to see a video on how DTC would be run if Sam Bankman-Fried was the CEO. "Due to sloppy bookkeeping your 100,000 shares in AMZN were leveraged to bet on eSports and buy amphetamines" 🤣🤣🤣🥺🥺🥺

@initialb123 Жыл бұрын

amphetamine is OK, but cocaine has the better hit for getting through a day at the office after an all night bender.

@223556762308 Жыл бұрын

Soooooo like it is now?

@ExplodingDarth Жыл бұрын

Ah, deadpan humor in informational videos, my favorite!

@_blank-_ Жыл бұрын

Nah it's unnecessary sarcasm.

@mcdukegames2479 Жыл бұрын

My day is instantly better when ever hai uploads

@spikedavis4013 Жыл бұрын

Yes

@BabyBreadBeats Жыл бұрын

Good Video, Love everything you upload! keep it up

@albear972 Жыл бұрын

2:18 I haven't heard the use of the phrase "more better" since the movie, Idiocracy. Nice!

@WalnutBun Жыл бұрын

So what stops people at Cede & Co. from just transferring some random person's stocks to someone else?

@junglee-bee Жыл бұрын

In India we have CDSL and NSDL for this. Depository is like a bank keeping your cash. Its just a bunch of numbers on a system in the end.

@KethenGoesHam Жыл бұрын

you can instruct your broker to "transfer and ship" at any time. If you want to hold your stock certificate you are free to do so.

@MsJubjubbird Жыл бұрын

In the Nebula ad there is a video called "Great Cities: Canberra" we're stretching the definition of great methinks.

@rockstar52486 Жыл бұрын

How do you buy stock in Cede and Company, if they own their own stock?

@pigman6954 Жыл бұрын

2:53 bullet point #1 'a certificates' should be 'a certificate' or 'certificates'

@Dogcho Жыл бұрын

Holy shit! Screw "Half as interesting", this is actually mindblowing!

@thecryingsoul Жыл бұрын

They would make a fantastic target of a heist movie

@EpicWolverine Жыл бұрын

Boy do I have a movie for you

@ooooneeee Жыл бұрын

@@EpicWolverine oh really?

@JoshWebster327 Жыл бұрын

So I looked something up but couldn’t find the answer. 1: is cede and company public 2: if you buy stock for them then that means they own the stock of themselves which is horrible for the stock market. Meaning if cede and company is public is it possible we all crash the market

@fuzzzone Жыл бұрын

1. no (it's a private partnership) 2. n/a

@samsote Жыл бұрын

"Here's a fun fact, you don't own any stocks." Hell yeah I do, I have directly registered my stocks in my name. So I actually own them!

@olivercharles2930 Жыл бұрын

Most people don't.

@emmaodom7201 Жыл бұрын

Who acts as the traditional broker in robinhood / similar stock purchasing apps?

@jemiez9383 Жыл бұрын

Lol thats what we called as nominee account. Its easy to changed it to direct ownership. In my country,we can choose to open direct stock ownership or open nominee account with not so much differences between the two when we do buy and sell except for the brokerages fees.

@josh6706 Жыл бұрын

This only applies to public stocks. Plenty of people own private stocks

@bksl09 Жыл бұрын

Boy I sure miss the McDonalds Pizza. I hope you cover that soon

@bobbymac9877 Жыл бұрын

You can request direct ownership of a stock via the Direct Registration System (DRS). Tell your broker to move the certificate(s) from Cede & Co name to your name. The shares will be moved from the broker to the stock's transfer agent, but you will have outright ownership.

@danycashking Жыл бұрын

This makes sense for publicly traded companies but I'm guessing that for private companies there is still direct ownership?

@DavidCiani Жыл бұрын

Yes. And it isn't even the case for all shares in public companies. You can ask your broker to have your shares be directly registered under your own name with the transfer agent (though there can be fees for that, and it can be harder to sell in that form).

@niyaziugur Жыл бұрын

take a look at "Takasbank" of turkey. that is the same thing. and we have a "central registry authority" to hold the registry of those stocks. if I can say objectively, the stock exchange system of the turkey(borsa istanbul) is the best in the area. I'm not saying that because I'm turkish, I'm saying that because I'm a software engineer and an invester in turkey. I hope you will make a video about it

@julius5632 Жыл бұрын

There are still physical stocks as well ad stocks of private companies..

@VitalVampyr Жыл бұрын

What about stock exchanges outside of New York City?

@dannyomo Жыл бұрын

this video turned into a sort of explainer of what a blockchain does-you own a line item in a (global and immutable) database proving that you are the beneficial "owner" of a thing that is typically housed elsewhere.

@IamHarold Жыл бұрын

Nice channel

@kasengraff1481 Жыл бұрын

Can I get in the annual mistakes video if I point out the "a certificates" at 2:51?

@A5GG Жыл бұрын

Very fun and informative, btw between 4:01 and 4:03, the brightscale went up 1.5x

@wiktorszymczak4760 Жыл бұрын

Stocks were NFTs before NFTs

@imaginekudryavka9485 Жыл бұрын

Honey, wake up. A new “Weird and Confusing Legal and Logistical Technicalities” video just dropped

@robw2379 Жыл бұрын

To quote Lionel Hutz, Simpson's Lawyer. "This is 'technically' correct, which is the best kind of correct."

@jannestiemes4328 Жыл бұрын

I think you should add the name cede and company to the title so that it comes up when people try to google the conspiracy theories

@jannikheidemann3805 Жыл бұрын

That's what the description is for. Unfortunately it is not actually used in this video.

@jeltje50 Жыл бұрын

What conspiracy theories

@mushrifsaidin Жыл бұрын

What I'm curious now is if the building was on fire, would that technically wipe out available stock on the market?

@JessicaTaylorPMC Жыл бұрын

I'm in Australia so actually I automatically legally own my stock via the Australian Stock Exchange's CHESS system.

@TOMMYBOY601 Жыл бұрын

How is breaking into this company not a heist movie

@MrxstGrssmnstMttckstPhlNelThot Жыл бұрын

Maybe they don't want to inspire real attempts.

@hq3473 Жыл бұрын

55 water street also has a very nice free park to have lunch in

@hugolouessard3914 Жыл бұрын

Since I've seen Sam's face and heard his voice not in voice-off, I can't believe it's the same person. On Wendover and HAI, I thought he was a 30 years old man, chic, serious with his calm and relatively deep voice, dressed nicely and with taken care of short hair. But no, he's a long haired blonde teenager with a voice unrecognizable in video ! Watching Jet Lag the game on Nebula, at first I thought he had just created the game and wasn't in it (I didn't know his first name, which didn't help) ! It was so until there was his voice-off that I recognized of course, saying "I did that, we did that, etc..." I couldn't believe it. I've never been more shocked about a KZfaqr's appearance. I know it's stupid and we don't care, but I was more confused than I could describe. I really though he was older than that. He looks 16-ish, but I guess he's older than that, I have no idea how much though.

@LPRD Жыл бұрын

There's also one building in Delaware owned by a Dutch firm which allows firms to be registered in that state to avoid paying over $10 billion in taxes per year. Almost every president or candidate, including Hillary Clinton and Trump have companies registered with them

@HuskyObscura Жыл бұрын

Thanks for another amazing video, Weird and Confusing Legal Technicalities

@havek23 Жыл бұрын

Isn't it the DTCC and not just DTC?

@sotiredsosleepy409 Жыл бұрын

DTCC is the overall company that owns the DTC