@whatcanimt : When a Wall St broker account fails to deliver, Clearing will use other accounts to cover. Sounds like a huge risk for "Street Name" ownership of shares where customer (e.g., retail) securities are held in the name of the broker. Clearing will cover with "your" assets. 🤦‍♂️ • TwiCopy

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calendar_today10-09-2024 18:56:51

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WhatCanIMakeToday

@whatcanimt

21 days ago

When a Wall St broker account fails to deliver, Clearing will use other accounts to cover. Sounds like a huge risk for "Street Name" ownership of shares where customer (e.g., retail) securities are held in the name of the broker. Clearing will cover with "your" assets. 🤦‍♂️

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