My startup is, in fact, disrupting the custodial stock ownership space right now and we grew out of a FinTech hackathon last year.
I'm joking of course, but it's only a matter of time until someone tries to Uber (can we make that a verb?) their way over these regulations. And fails miserably at it.
But who would use it? As far as I know, the banks are pretty happy with this system. And while it's possible to be "that guy" with paper stocks, it's a pain in the butt since you can basically only trade them with people you find on Craigslist. A single centrally managed monopoly seems to be exactly what everybody wants.
As-is, if you hold a paper stock certificate for a privately-held company, you likely cannot sell it. Private stock typically has transfer and sales restrictions; you can only sell if the company approves of the sale or transfer.
We would need a verb that encompasses general infringement of laws that isn't trademarked. Also it would have been called someone trying to YouTube their way back a few years ago.
I'm joking of course, but it's only a matter of time until someone tries to Uber (can we make that a verb?) their way over these regulations. And fails miserably at it.