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

Kentouris, Chris
March 2010
Securities Industry News;3/22/2010, Vol. 22 Issue 6, p1
Trade Publication
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.


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