[not_a_moth]

I'm not sure you read the article. Author is alleging the prime broker/clearing house system regularly "gives out" shares to sell on the market (diluting company's shares) with no transparency in the reconciliation because the main clearing system is privately owned. You're better off reading the full article since my summary is extremely surface level.

[JumpCrisscross]

> with no transparency in the reconciliation because the main clearing system is privately owned

The DTCC provides extensive reporting to market participants, including issuers [1].

[1] https://www.dtcc.com/settlement-and-asset-services/issuer-se...

[dhruvdh]

A daily report is 9450.00 USD per year per security as far as I can tell.

https://www.dtcc.com/settlement-and-asset-services/issuer-se...

[mrmino]

9.5k a year a stock with no way to verify what they say.

Also, it's DTC, not DTCC. The inter-company loopholes still apply, not to mention all the international shenanigans.