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Technically you own shares of a mutual fund, and the mutual fund owns the stock. Unless the mutual fund only owns its shares via ownership share in a bank, whic
by labster 3y ago
Technically you own shares of a mutual fund, and the mutual fund owns the stock. Unless the mutual fund only owns its shares via ownership share in a bank, which owns a derivative which owns the 0.0015 shares.
Which is generally why responsibility stops with the board of directors, because there’s no way there was criminal intent through four layers of indirection. (Except shell companies, of course.)
- 8note 3y agoIntent sure, but negligence?