This week on Taking Stock, Chives and Bibic wrap up this historical miniseries by examining how the vision of the DTC came to fruition and how it impacted the markets at large and how it impacted every day working people. Beneficial ownership has been forced onto everyday investors. The SEC says it's a choice, but when was the last time DRS was offered to you when investing in a company?

Dematerialization and the transition to book-entry (otherwise known as an electronic record) are discussed, alongside the introduction of a new character in the story - The Direct Registration System.

#Taking Stock #15

Twitter Link:

https://x.com/i/spaces/1MnxnMAAvzMJO

mp3 Link:

https://static.wixstatic.com/mp3/06e09f_003f892f9dde4fba969e3e0dbb0596a4.mp3

#Important Reminders

• Listen to Taking Stock on demand (https://linktr.ee/takingstockpodcast)

• Join DRSGME Discord (https://discord.gg/EGvmpdGDm)

• Join Lemmy (https://lemmy.whynotdrs.org/)

• Visit https://www.drsgme.org and https://www.whydrs.org

• Terminate DirectStock (https://www.drsgme.org/terminating-from-directstock)

#Links and Resources:

• History of DRS / Book Entry Holding https://www.whydrs.org/post/history-of-drs-book-entry-holding
• Issuers and the DTCC is Choice without a Choice https://www.whydrs.org/post/issuers-and-the-dtcc-choice-without-choice
• Paper Securities and Dematerialization https://www.forbes.com/sites/tomgroenfeldt/2020/10/15/paper-securities-still-exist-and-dtcc-is-after-them/?sh=5b5fb5cc35e9
• Suzanne Trimbath's "Super Hero Origin Story of Direct Registration" https://nosafebets.com/2021/10/03/super-hero-origin-story-of-the-direct-registration-system-a-transcription/