TITLE

Proving a 'Beneficial' Shareholder Is, In Fact, a Shareholder

AUTHOR(S)
Kentouris, Chris
PUB. DATE
March 2010
SOURCE
Securities Industry News;3/22/2010, Vol. 22 Issue 6, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the complex system of stock ownership of public companies. It describes the difficulty of proving that a beneficial shareholder of a stock is a real shareholder and relates a case of a stock investor who could not prove his ownership under the U.S. Securities and Exchange Commission Rule 14a-8(b)2 until letters of confirmation were submitted. The article calls for reforms in the proxy voting and shareholder communication system.
ACCESSION #
49036930

 

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