The Depository Trust Company (DTC) is a limited purpose trust company and subsidiary of DTCC. It provides safekeeping through electronic record-keeping of securities balances and acts as a clearinghouse to process and settle trades in corporate and municipal securities.
Its not related solely to distributions but can be used as it was in the case of escrow markers by the LT. LT requested them to be issued per agreement of the court, when all (LT) distributions we completed, The LT had them removed. Markers are not free to maintain if no distribution is made.
Now does that mean there is no longer any record of original WAMU shares owned? No.
Will that information be needed in the future? Maybe, maybe not.
As a shareholder, one should maintain their own records of what they own, when they purchased it, and for how much.
If a shareholder relies on their broker, brokerage, to maintain the same information... of course that is their choice.
Nothing said, claimed, espoused, written is going to change your original ownership of securities. Worrying about it is also going to change nothing.
Believe as you choose and always monitor your own investments and interest(s). MB's are not the place to get reliable information. DD is.
Go COOP, go 9'ers, have a good weekend everyone.
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