How do securities transfers work?
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How do securities transfers work?
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About this listen
In this episode, we discuss how transferring securities from one brokerage (or custodian) to another works. Back in the 1960s and before, securities trades and transfers were done on paper. This led to a multitude of chaos, confusion, mistakes and investor costs. As a result, several entities were formed to centralize and standardize the settlement and transfer of securities - the more modern versions of which we still use today.
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