An article this week in the US...
...suggests that US share-owners are vulnerable to losing all shares they own, in the event their broker goes bankrupt. This (allegedly) is because brokers there generally register the shares via "street name registration". The brokerage "allows your shares to be included as assets that they can use to do what they want with, your brokerage never actually registers you as an owner of the shares".
I have no idea if this is true even in the US.
But the market I am interested in, of course, is the ASX.
Does anyone know whether "street name registration" is in effect here - or whether there are any other dangers to us as share-owners should an intermediary such as a broker, clearing house or trading agent become insolvent or otherwise disappear?