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Direct registering stock provides a clear record of the owner's name, making it easier to establish ownership and eliminate potential confusion or disputes.
Investors also avoid certain fees associated with intermediaries like the DTCC to reduce transaction costs.
Shareholders can also receive information and communications directly from the company, giving them a closer connection and greater involvement in corporate activities.
With direct registering, shareholders have the opportunity to directly vote on corporate matters, allowing for a more democratic and individualized approach to decision-making. The current system makes the votes basically only coming from big funds like Vanguard and BlackRock.
If your stocks have Cede's name on them, they are not "your" stocks in a legal sense.
We've actually posted quite a few articles/sources on other ways the 1% is gutting true ownership over at: /c/drs_your_gme@lemmy.whynotdrs.org
Do you think there isn't a "clear record" without direct registration?
What registration fees does registering directly avoid? What are they called and how large are they? There are fees related to direct registration too. How do they compare?
Shareholder communication is public and sent to the SEC. Everyone can see it. You can see it on the SEC website, on the company website, or just on Yahoo Finance.
Your brokerage will send you any corporate matters to vote on. Direct registration probably complicates this, since you have to communicate with the company directly.
Direct registration is not some secret thing that helps you make money. It just makes it harder to sell your investments. Also, you can't loan them out for short sellers (which can earn you interest) or sell options against them.
This all sounds like some copy pasta to try to influence the price of a stock (GME).
If your stocks have Cede's name on them, they are not "your" stocks in a legal sense. This was not how the system worked prior to the digitized banking system.
It's obviously not a secret, I'm not implying it was. The other 20% of people actually own their shit, unlike the ones with Cede as the beneficiary.