21st Century Stock Eliminating Paper Certificates and ...
21ST CENTURY STOCK OWNERSHIP: ELIMINATING PAPER CERTIFICATES AND EXPANDING DIRECT REGISTRATION 5 In the late 1960s, the volume of stock certificates being processed overwhelmed brokerage firms. In response, DTC was established in 1973 to “immobilize” certificates by holding all paper stock certificates in one centralized location. Cede ................
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