This only applies to discount brokers, all of which are licensed, regulated brokers.
You do, in fact, “own” the stocks you buy.
The internal plumbing of securities clearing, settlement, and registration is not a concern to retail investors.
Stop buying into juvenile conspiracies.
And if for some reason you are still not satisfied, you can always opt for a “full service” broker or ask to register the shares in your name, both of which are much more expensive.
Vast majority of those who are vocal about “ownership” are from that reddit cult. They’ll drag you down to their level with nonsense and stupidity, trying to convince you that GameStop will make them multi-billionaires. Be careful and don’t waste too much of your time on them.
This only applies to discount brokers, all of which are licensed, regulated brokers.
You do, in fact, “own” the stocks you buy.
The internal plumbing of securities clearing, settlement, and registration is not a concern to retail investors.
Stop buying into juvenile conspiracies.
And if for some reason you are still not satisfied, you can always opt for a “full service” broker or ask to register the shares in your name, both of which are much more expensive.
Do I own my shares? – Trading 212 - https://helpcentre.trading212.com/hc/en-us/articles/360008702918-Do-I-own-my-shares
Vast majority of those who are vocal about “ownership” are from that reddit cult. They’ll drag you down to their level with nonsense and stupidity, trying to convince you that GameStop will make them multi-billionaires. Be careful and don’t waste too much of your time on them.