/biz/ - Business & Finance

>>27751534
If RH wants to play the market maker game, they have to obey the rules of the turbojews. The SEC awarded a monopoly to the DTC (a private company) to decide all liquidity requirements AND to register ownership of literally all stocks under Cede & Co.

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html

>>27526644
checked and this
>Cede & Company technically owns ALL stocks. You are just the beneficiary of their ownership.

>>27097458
>I literally own a stock
Look up Cede & Co. for some serious blackpilling.
Then you should read about the Depository Trust & Clearing Corporation (DTCC) and the Depository Trust Company (DTC) which owns the Cede & Cneed.

Then you can get to the real deal which is that the SEC gives the DTC (a private company) full authority to restrict trading activity on any securities that they own (which they own EVERYTHING).

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html

YOU OWN NOTHING AND YOU VILL BE HAPPY

>>27096288
Checked but nobody seems to realize that clearing goes all the way back to the turbojews
>The Depository Trust Company (DTC) handles the bookkeeping of the market while keeping custody of the actual assets by registering ownership of them under their subsidiary: Cede & Company.

>Cede technically owns substantially all of the publicly issued stock in the United States. Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.

The SEC gives the DTC (a private company) full authority to restrict trading activity on any securities that they own (which they own EVERYTHING).

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html

in this week's case, DTC raised the collateral requirements for meme tickers from ~2% to 100%. This affects all brokers.

Since we are going to hear a lot about regulating the markets soon from politicians, I think its important to DYOR on actual market mechanics so you don't fall for the narratives that are going to be shilled.

>What is the DTCC?
The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. They are a private company that holds many subsidiaries, including the DTC.

>What is the DTC?
Depository Trust Company (DTC), founded in 1973, is a New York corporation that performs the functions of a Central Securities Depository as part of the US National Market System. Basically they handle the bookkeeping of the market while keeping custody of the actual assets by registering ownership of them under their subsidiary: Cede & Company.

>What is Cede & Company?
Cede & Co. is a specialist United States financial institution that processes transfers of stock certificates on behalf of Depository Trust Company. Cede technically owns substantially all of the publicly issued stock in the United States. Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.
They are not the custodian of your stock. They are the legal owners. You are the beneficiary of their ownership.
>The legal definition of cede is: To surrender possession of.


>When a Biz wants to issue stocks, bonds, any securities, they have to issue them to Cede & Co.
https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995_ex10-3.htm

>The DTC can restrict book-entry movement of securities
https://www.dtcc.com/settlement-and-asset-services/issuer-services/how-issuers-work-with-dtc

Robinhood etc. will likely take the blame for something out of their control

TLDR:
Learn who controls the rules of the game and use it for context in what you're about to hear in MSM.