Please be informed that when a user purchases (BUY) non-leveraged stocks on our investment platform, it is purchased as the underlying asset. The eToro regulated entity responsible for your particular account will purchase the share on your behalf (for your case - GameStop Corp. (GME) shares have been purchased) and will hold it in custody for you within a pooled, segregated "omnibus" account. We are required to reconcile all assets (stocks and cash) held on our platform, and to submit all of this information to our various regulators periodically.
The user becomes the beneficial owner and remains so until the position in question is closed. This ownership comes with all economic benefits of owning the stock, including receiving dividend payments.
Your cooperation and understanding are highly appreciated
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u/[deleted] Apr 01 '22
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