Hi all,
I have questions regarding custodian bank.
From my understanding they basically keep the record that says the client has x number of shares of this company.
This has to be kept separate from the bank's operation and put in a trust where nobody can touch it.
However there is cases like MF Global where they dip their hands in and cause havoc
How can I check for this? What is the general pointers to choose a good custodian bank?
Thanks !!
I have questions regarding custodian bank.
From my understanding they basically keep the record that says the client has x number of shares of this company.
This has to be kept separate from the bank's operation and put in a trust where nobody can touch it.
However there is cases like MF Global where they dip their hands in and cause havoc
How can I check for this? What is the general pointers to choose a good custodian bank?
Thanks !!
