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Ownership of shares?
JoeCrystal
Posts: 3,385 Forumite
As it is, I considering legal shareholder investing, and that mean all the associated rights to dividends, right to vote, right to attend at General Meetings, right to request resolutions, and rights to any "perks" that the company may offer shareholders and such. However, as far I am aware of, holding shares in nominee accounts, meant that the broker is legal shareholder and the buyer do not get any rights apart from getting dividends.
So I was wondering if there is any brokers or ways to buy these shares as such that you are owner and not the nominee account managers?
So I was wondering if there is any brokers or ways to buy these shares as such that you are owner and not the nominee account managers?
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Comments
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You must find a broker that offers 'certificated' trading, where you hold the share certificates. You will have to deal by phone or in person and the charges will be higher.".....where it is corrupt, purge it....."0
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By phone? Damn. Cannot use phone after all. Ah well, will keep looking and learning about them.
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To be honest, holding shares in a nominee account doesn't lose you a great deal that's worth worrying about.
You can attend general meetings (though you have to get a letter in advance from the broker), most companies will pass on perks on production of evidence of the shareholding, you get dividends. The only thing missing is the right to vote and that's worth little or nothing to the small shareholder.0 -
III's service has a "Corporate Actions Management" section in the account configuration. Mine has no history and no open actions, so I've never actually used it, but perhaps it gives you some kind of input?Mmmm, credit crunch. Tasty.0
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