Shelfcove
The Great Taking by David Rogers Webb
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Book details
- Author
- David Rogers Webb
- Publisher
- Independently Published
- ISBN
- 9798872826903
- Format
- Paperback
- Language
- English
Category: Business Management
SKU: SHELF-P8945723179060
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About this book
A short, heavily footnoted argument about who legally owns the securities held in a brokerage account. David Rogers Webb, a former hedge fund manager, traces how the shift from paper certificates to book-entry custody changed the legal character of securities ownership, and argues that the resulting structure exposes ordinary investors in ways they do not expect.
What the book argues
- How securities moved from direct ownership to a chain of intermediated book entries
- The concept of the “security entitlement” and what it replaced
- Central securities depositories, and where legal title actually sits
- Changes to the Uniform Commercial Code and their effect on creditor priority
- Derivatives, collateral and safe-harbour provisions in insolvency
- What the author believes would happen to client assets in a broad clearing failure
Who it’s for
Readers interested in market structure, custody law and systemic risk, and investors who want to understand the mechanics behind their account statements.
A note on the book
This is an argumentative work, not a textbook, and its central thesis is contested by mainstream commentators. We stock it because readers ask for it; assessing the case is the reader’s job. Not investment advice.
Edition details
- Author: David Rogers Webb
- Format: Paperback
- ISBN: 9798872826903
- Language: English
Ships free within the United States from Shelfcove.
