On Behalf Of Warning Label The assets of the iShares Silver Trust consist primarily of silver held by JPMorgan Chase (JPM), the custodian institution, on behalf of the fund.
Cede and Co. A "private" company hold about 80% of US traded stock shares (street name) on behalf of the brokerage house, on behalf of the individual. (A double trouble).
Our government has passed legislation to allow the on behalf of trusts / banks to use the on behalf of assets to settle any liabilities that the trust may have. (Just who does my representative represent?)
The only way out of this on behalf of "liability" is to either own the physical in your possession or to have a custodial acct with computershare account where the shares are held under your name, not on behalf of.( direct registration shares)
I feel it would help shareholder price if Discovery Silver started direct registration with computershare.
give your company a call, see who they represent.