Replies to post #118945 on Bancorp International Group Inc (fka BCIT)

[mretgnol]

OMG...thanks for the lesson.

Cede & Co. is the nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.

I've never traded stocks before. Ever. Oh wait, I work with Medium Term Note contracts and sometimes send our Bank Guarantees to others via DTC procedures. But hey, thanks for the lesson.


By the way, Cede and Company ledger their "holdings" just like TDAmeritrade, Eturd, or others do.