TITLE

U.S. a Step Closer To Eliminating Paper Stock Certificates

AUTHOR(S)
Kentouris, Chris
PUB. DATE
August 2006
SOURCE
Securities Industry News;8/21/2006, Vol. 18 Issue 29, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a new system in securities ownership has been introduced in the U.S. The direct registration system (DRS) by the Depository Trust & Clearing Corp. is a requirement for companies listing on the New York Stock Exchange, Nasdaq Stock Market, American Stock Exchange and NYSE Arca for the first time. Corporations can now easily determine who their shareholders are by using the DRS accounts.
ACCESSION #
22168594

 

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