RE: poke stonks trainer on Twitter27 Jul 2021 15:40
Hi Rab 14:03,
In response Rab, how have they got his name on if they are not his?
The inner mechanics of trading are certainly not my forte but, could someone else buy shares for another person & plop them in his or her broker portfolio?
Can that be done?
The fact is Rab we can see a doubling of DW’s shares since he left the company. We Can see that.
Ok, perhaps on the 'nominee accounts' represent 'sophisticated investors' issue, he is maybe adrift, but to be honest, it takes some understanding, as I show below :
The vast majority of individual shareholders in public companies hold their shares in nominee accounts, i.e. in accounts created by their stockbrokers to record their interest in the shares of companies. Does that mean that in law you are a member of the company with all of the rights and protections provided by Company Law (i.e. under the Companies Act 2006)? The simple answer is no!
Australian corporations law defines a sophisticated investor as an investor that can be offered securities without the need to provide them with the same product disclosure requirements that must be provided to retail investors. ... Issuing product disclosure information is a complex and time-consuming process.19 Apr 2021.
A sophisticated investor is a high-net-worth investor who is considered to have a depth of experience and market knowledge that makes them eligible for certain benefits and opportunities.
Can an LLC be a sophisticated investor?
This means that if you are the sole member of an LLC, and you are considered an accredited investor—i.e. you have a net worth of $1mm (excluding your primary residence), or consistent annual income of at least $200,000 (or combined income of $300,000 with your spouse)—then your LLC is considered an accredited investor.
But Hey Good Buddy, as long as we finish up filthy rich do we really give a ratz rse?
I'm fairly sure DW won't.
keefy
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