Everyone at Dundee here Register your shares....if Loggereh is telling the truth
from Jim Sinclair: Dear Friends,
Please do not sleep on my dear friends. If you do nothing, you may very well have nothing in the end.
If you do not want to get it in the end you will have to act now on what I have already told you. The material contained in here concerning the system and market events is correct, even though it proposes its own solution. I should know. I have owned brokerage and clearing houses.
The answer lies, in my opinion, in going to direct registration at the transfer agent and out of the clearing agent and ultimately, where possible, to paper certificates. If the company you are invested in does not participate in direct registration and also does not issue paper certificates, raise hell with them.
Who Really Owns Your Stocks?
Jeff Berwick
Published 1/11/2012
Do you own gold and silver mining stocks? Or any stocks for that matter? Even if you say, "yes", chances are you don't really own them.
It is one of the dirtiest little secrets in the brokerage business. And 99.9% of people have no idea it is even being done to them. It's called "street name registration" and it's how the brokerage where you hold your stocks "registers" your shares. To save money and time, and to allow your shares to be included as assets that they can use to do what they want with, your brokerage never actually registers you as an owner of the shares.
Street name registration allows your broker to lend your shares to short sellers, thereby driving down the price of your own stocks. Additionally, this method allows your broker to "re-hypothecate" your assets-meaning it allows your broker to borrow money against your shares and speculate in the derivatives market.
These hidden risks are planting the seeds of tomorrow's ultimate collapse - In which there may be a system-wide collapse of broker dealers, taking down millions of investors, and ensuring permanent non-recoverable losses to an entire generation!