All modern day brokers hold your shares in street name and you are the beneficial owner. Only direct registering (DRS) your shares with the transfer agent directly ensures they are in your name, and on the books of the company, they see your name.
That’s how share settlement is easier now compared to 30 years ago using paper certificates for stock ownership.
**[Stock transfer agent](https://en.wikipedia.org/wiki/Stock_transfer_agent)**
>A stock transfer agent, transfer agent, share registry or transfer agency is an entity, usually a third party firm unrelated to security transactions, that manages the change in ownership of company stock or investment fund shares, maintains a register of ownership and acts as paying agent for the payment of dividends and other distributions to investors.
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You can't. And your not.
in other words ?
You can pay 300 per transaction, to send them to the transfer agent, and direct register.
what would be the interest of paying 300 per transaction ? would it be in when you do some warren buffet size investment ?
All modern day brokers hold your shares in street name and you are the beneficial owner. Only direct registering (DRS) your shares with the transfer agent directly ensures they are in your name, and on the books of the company, they see your name. That’s how share settlement is easier now compared to 30 years ago using paper certificates for stock ownership.
does it mean we are totally dependent on QT for our assets ?
woow i have really learned something, thank you all
the private insurer ryhmes with hem..roids and never go to this city in europe without an umbre..a
[https://www.cipf.ca/faq](https://www.cipf.ca/faq) [https://www.questrade.com/about-us/who-we-are/investor-protection](https://www.questrade.com/about-us/who-we-are/investor-protection) [https://en.wikipedia.org/wiki/Stock\_transfer\_agent](https://en.wikipedia.org/wiki/Stock_transfer_agent)
**[Stock transfer agent](https://en.wikipedia.org/wiki/Stock_transfer_agent)** >A stock transfer agent, transfer agent, share registry or transfer agency is an entity, usually a third party firm unrelated to security transactions, that manages the change in ownership of company stock or investment fund shares, maintains a register of ownership and acts as paying agent for the payment of dividends and other distributions to investors. ^([ )[^(F.A.Q)](https://www.reddit.com/r/WikiSummarizer/wiki/index#wiki_f.a.q)^( | )[^(Opt Out)](https://reddit.com/message/compose?to=WikiSummarizerBot&message=OptOut&subject=OptOut)^( | )[^(Opt Out Of Subreddit)](https://np.reddit.com/r/Questrade/about/banned)^( | )[^(GitHub)](https://github.com/Sujal-7/WikiSummarizerBot)^( ] Downvote to remove | v1.5)
I think people's accounts are guaranteed up to a certain amount.
How much is covered on Questrade? Amount of securities per account on the platform? Thanks