How to reliably hold US-listed stocks?
Which platform do you use to reliably hold US listed stocks? AFAIK, mostly US entities of trading platforms hold the stock themselves and issue an equivalent IOU note for Indian buyers. Is there a way to have direct custodianship of the stocks for non-US residents? Or atleast a reliable platform that wouldn't steal your stocks when shit hits the fan?
I don't think something like this could happen, these US stocks are handled by NSE-IFSC. it's a subsidiary of NSE and they have partnered with international market maker and an Indian Bank, who will hold the shares in the US while the investors will get the receipt.
Aren't market makers prone to collapses like in 2008? What would happen to my stocks in such a hypothetical case?
Kendall Everett
Student
8 months ago
No clear answer in this thread 😔, maybe try reddit
Jordon Denver
Student
8 months ago
Before investing in USA domiciled stocks and funds know about estate taxes !!!
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