2 ms·
Companies literally keep a big list of all the people who have shares and how many, in case they want to send out a dividend or something. If they think it is i
by roenxi 2y ago
Companies literally keep a big list of all the people who have shares and how many, in case they want to send out a dividend or something. If they think it is important to check it is easy to do once they have a name. Realistically the cost of checking is probably higher than just dealing with the issue at hand so they won't.
Though it is impolite to lie.
- gruez 2y ago>Companies literally keep a big list of all the people who have shares and how many, in case they want to send out a dividend or something. If they think it is important to check it is easy to do once they have a name. I thought companies only knew the brokerage, and it was the brokerage who could tie it back to a specific person ?
- icedchai 2y agoStocks are generally held in the name of the broker (“street name”), not the individual. I’m not saying they can’t check but I wouldn’t bet on them calling up Schwab to verify you really own 10 shares of UAL.