[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.