Yep. Have you looked into the "great taking"?
Sadly one day everyone will know about this company and the ramifications of rehypothecation and what a senior creditor is
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I have...If they rugpull the financial markets the way David describes the DTCC would be the place to do it.
I've tried warning the boomers and others in my life with all of their retirement "assets" in brokerages but they all say yea that'll never happen.
I hope for their sakes it doesn't, cause there would be a LOT of pain and chaos