Mar. 1, 2023
March 1, 2023 This is a rule that won't impact the majority of household investors, as the brokers we use have relinquished their fiduciary responsibilities years ago. To make this meaningful, brokers/banks should be forced to directly register (DRS) all client shares in the client's name. No more obscuring total share counts in the DTCC (who needs to be audited, by the way) so that Ken Griffin and friends can continue to swindle the American people. Oh, and force required buy-ins to stop failure to deliver shares (FTDs). It is theft, plain and simple, to sell things you do not own.