Where can I find information about stock ownership, and what is the primary source for it?

Stocks
1

Let’s assume I buy shares through my bank’s online interface. The bank executes these purchases behind the scenes. Then, the bank shows me that the purchase has been executed and that I own X number of shares.

But where is this information about share ownership actually located?

Let’s imagine for a moment that the bank acts fraudulently and shows me an incorrect number of shares on its website (or that they have intentionally or due to a system error stored an incorrect number in their own databases). What, then, is the actual source for this information about my holdings? How can I verify the bank’s “claim” about my holdings and obtain some kind of written proof of my ownership from this real source?

Which parties receive, or could receive, information about my holdings? How do they get it? From the bank, or from the actual source?

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2

From the securities register. So, from Euroclear in Finland’s case.

3

Dear Nuukas,

Welcome to the all-wise forum. Your question should have definitely been in the “Should I be worried?” thread founded by yours truly, but this works too :slight_smile:

Old uncle can comfort you in that in this current virtual world, nothing is really certain: not your virtual investments, not the bank or EuroClear virtually confirming them to you.

On the other hand, it doesn’t really matter as long as the grocery store and other essential establishments play this same game with you, meaning you can pretend to pay for your groceries with a debit card :blush:

Uncle Masse, FA, the only concrete things for uncle are Massela and its barbed wire, Raid cans, and that old 1941 Luger :muscle: :rofl: :muscle:

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