A particular online personality I peripherally follow has lately been going on about how stocks/bonds/etc that we generally think we own as part of a mutual fund or ETF are actually financial entitlements rather than qualified financial contracts (QFCs). The main concern, as best as I could understand, is that we would be at a lower priority during bankruptcy liquidation than others who have the QFCs (which I understand to be the paper stock/bond certificates, but I might be mistaken here).
The article below is used to support this idea:
https://scholarship.law.upenn.edu/cgi/v ... cholarship
It's way above my ability to parse. Bing AI / Microsoft Copilot can actually read/analyze the paper simply by including the link in the query, but the responses I got weren't definitive.
Bottom line - is this all BS / misinterpretation / etc?
The article below is used to support this idea:
https://scholarship.law.upenn.edu/cgi/v ... cholarship
It's way above my ability to parse. Bing AI / Microsoft Copilot can actually read/analyze the paper simply by including the link in the query, but the responses I got weren't definitive.
Bottom line - is this all BS / misinterpretation / etc?
Statistics: Posted by Ryzan — Sat Mar 23, 2024 10:33 am — Replies 0 — Views 15