No. Unlike Australia, the US sharemarket does not have a central depository, settlement and clearer. They use large custodians (nominees) who are responsible for the safe-keeping of investors assets. This means they are responsible for managing the books and records of the accounts under their custody. DriveWealth is the manager of the books and records for your accounts at ICBC Financial Services (the US arm of one of the world's largest banks).
Modified on: Wed, 3 Oct, 2018 at 4:38 PM
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