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I think the problem is that a large number of people got used to various trading accounts like ETrade, Robin Hood, etc. and that seeing "N shares of ABC" on a w
by foobarian 5y ago
I think the problem is that a large number of people got used to various trading accounts like ETrade, Robin Hood, etc. and that seeing "N shares of ABC" on a web site means that they actually own the shares. But this is just an abstraction like someone said in another comment. I would encourage you to go and read any brokerage's terms of service that you agreed to when you signed up. Or if you actually managed to get a paper stock, read the fine print. I promise you it will be very interesting :-)
- strken 5y agoI personally am aware that shares are a very limited form of ownership and gave my personal answers for why I accept that, but the meta-level question that was raised by krick earlier still stands, which is how everyone else in the world sees it and goes "yep, that's totally fair, we don't need to fix this."
- ImPostingOnHN 5y agospeaking for myself, "fair" means they obey the contract, which gives them that ability there is also the option of not letting people buy or sell stocks at all, which would resolve the same issues the mandatory sell provisions resolve