If a worst case situation were to occur and my broker went bust for whatever reason and in the process they had
1) sold short my stocks and were unable to cover; 2) comingled my stocks/cash account and legal ownership couldn't be re-established; 3) rehypotheciated my positions; or 4) etc...
so basically a MFGlobal situation occurs, what preventative measures could one take to ensure that stock holdings and cash accounts were registered in the individual's name and not in the brokers name? In the US the terminology would be 'direct registration' or 'paper share certification' if you wanted to register the stock in your own name. Registration in the broker's name would be 'street name registration'.
My question is if one wanted to register stock holdings in their own name would that be 'Issuer Sponsored' registration in the Aussie vernacular? I know this would make stocks more difficult to trade but these are long term core positions that I hold so I want them registered in my own name and not being shorted or leased in some fractional reserve arrangement.
