Fact Check: DTCC Does NOT Own 'All Stocks' In Stock Market

Does an entity named the Depository Trust and Clearing Company own "all stocks" in the stock market? No, that's not true: It owns a subsidiary, the Depository Trust Company, whose function is to be a depository for securities. This subsidiary records other people's and companies' ownership. Neither the DTCC nor the DTC eliminates ownership rights of legitimate shareholders.