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Interesting, I didn't know that! I'm not a US person. This sort of thing varies a lot between countries, it seems. I still wonder what might happen if the brok
by colonwqbang 5y ago
Interesting, I didn't know that! I'm not a US person. This sort of thing varies a lot between countries, it seems.
I still wonder what might happen if the broker went bust and owed X different people various fractions of a single Berkshire share.
- dragonwriter 5y ago> I still wonder what might happen if the broker went bust and owed X different people various fractions of a single Berkshire share. Legal liabilities ultimately are generally settled in dollars, though if an entity “goes bust” they tend to be written off or resolved at a small fraction of their theoretical worth based on the liquidation value of the remaining assets.