Deep Capture Forums

This has always been a puzzle for me.  What is a shareholder of record?  If I own a share in street name, am I a shareholder of record, or is Cede & Co. the shareholder of record?

Hi Richard, I believe I know which case you're referring to.  In abusive naked short selling (ANSS) crimes neither the number of shares "authorized" nor the number of "shares outstanding" change.  The DTCC often cites this fact and then proffers that therefore there is no problem.  The DTCC once put out a 13-question "self-interview" and the above assertion was the answer to one of the questions.  I did a paper critiquing that interview and it it took me 28 pages of text to outline each outright lie, misrepresentation, falsehood, etc. being asserted.  The key to understanding how the crooks pull off these crimes is to understand "the ultimate paradox" and the concept of what a "security entitlement" is and how UCC Article 8 mandates they be treated.  Trust me, it is the most brilliant form of fraud conceivable.  Wall Street has enough complexity to it to allow sophisticated crooks to illegally refuse to deliver that which they sell to us and actually gain access to our funds.  The key is to get educated and be able to look through the cloud of dust they create.  Any crime as obvious as refusing to deliver that which you sell and still be allowed to gain access to the funds of the buyer can't be done in the light of day.  You need a certain level of complexity to provide the darkness needed.  The judge in the case you cite needs to be very well versed in the concept of "security entitlements".  If there is money to be dispersed I think all investors will get their pro rata share.  With the "anonymous pooling" used at the DTCC all shareholders get the same format of a monthly brokerage statement.  Note that it doesn't say you are the legal owner of "X" amount of shares.  Instead it says that your firm is "holding long" "X" amount of shares.  A "long position" has nothing to do with "share ownership".  Technically you beneficially "own" a pro rata share of that which your particular clearing firm got good delivery of and is sittingin its NSCC "shares" account which may not be very much in the case of certain clearing firms but the judge will know this.

Thank you for your response Dr. DeCosta.
I was beginning to wonder what was causing the time delay on answers being posted in these Deep Capture Forums. I have received my settlement since originally posting my question. In between that time I formally communicated with the judge and he gave me the courtesy of a response, that he was having difficulties in reconciling the distribution phase. He eventually solved that difficulty to the best of his ability. I posted my original question in this forum because I rightly or wrongly assumed that it might be "Abusive Naked Short Selling" (ANSS) that was causing the delay in distribution. I will never know, but I can't help but think so. I sincerely thank you for your dedication to solving these riddles that continue to rob & steal the funds of the average investor. Let no one read between the lines of this posting ............ I am grateful for the outstanding efforts of Patrick Bryne, Mark Mitchell and yourself. The NASS problem will eventually be solved. I am continually amazed at what courage you all continually exhibit.