Looks like it is possible using this method but its a huge PAIN. These investors really think that they are buying "real" shares from a "real" shareholder, perhaps across the country, with a market maker acting as the middleman., Investors also do not have a clue that their own broker/dealer, who owes the investor a fiduciary duty of care after being paid a commission as an agent, is "renting" out their purchased shares to the mortal enemy of the client's investment. There couldn't possibly be a conflict of interest there right? This webcast will be archived for two months on GameStop's investor relations website. They are a necessary evil and some are certainly much more trustworthy than others but at the end of the day, they are NOT your friends. Now we yacht. Our global locations. This is justified of course by the DTCC arguing that if stock issuers were made aware of DRS then they would have no reason to exist. A statement accepting the $115 fee associated with this transaction. If you call, ask for Ryan Fischer. (I have always just assumed this was the case but its probably worth verifying if that is possible), Great write up by u/_Exordium explaining another reason why DRS is important. Certificates can NOT. For more information, please see our For more information view our, instructions how to enable JavaScript in your web browser, Deliver your corporate actions with certainty, Understand what your investors are thinking, Offer your securityholders a great service experience, Stay ahead of regulatory and market issues, Communicate effectively with your employees. 3.3K. Press J to jump to the feed. KEEP THE FOLLOWING IN MIND: AS PER FINRA RULE 11870, YOUR BROKER HAS 3 DAYS TO DO A TRANSFER TO ANOTHER BROKER (NOT DRS). I actually try to give ressources on which companies are listed in Computershare. Never miss an important date or filing. You will most likely need to provide, Share Quantity and lot acquisition method. Game Stop Shares on loan: Can GME hit $1000. IMPORTANT: You should check with your broker before transferring to another broker or CS as it could lead to your positions being sold/liquidated or your account being blocked during the process. Anything above this will require written notice. The number of shares to transfer and the preferred cost basis calculation method for determining "which" shares would be transferred. I've made a blank template you can use here you can use as an attachment. When I placed this sell order I instantly got a text confirmation. Thank you for always exposing the fuckery. Just make sure the name on the account match. To help us connect you to the right team, please call the number listed on a recent statement or communication from us. Well Idk about you but I'd rather have Gamestop be responsible for my shares instead of RH (or most of the PFOF brokers). New Reddit / 3rd party app link - sorted by past 24 hrs to only show current thread, Old Reddit / 3rd party app link - sorted by past 24 hrs to only show current thread, Official Reddit app link - presorted links break the search function on the official app, -------------------------------------------------------------------------------------------. W e are a global leader in transfer agency, employee equity plans, mortgage servicing, proxy solicitation, stakeholder communicatio ns, and other diversified financial and governance services. You can also find the form online here but you'll then have to download, print, fill, scan and return. This would only apply if your broker were to go bankrupt. You can follow up with the chat function a few days later. I am in the process of making an account and moving my Roth IRA with Fidelity to them. Privacy Policy. None of this is financial advice. Its literally illegal for companies to talk about or promote direct registration of shares. We know the reported float is incorrect. Summary of trading data of GME. The stock you want to transfer along with CUSIP and quantity. For example, you might get push-back on the DRS transfer mentioning you need a CS account. That said, never has there been such a dedicated, motivated and powerful group of shareholders like us. "What happens once the transfer has gone through with my broker?" Reddit and its partners use cookies and similar technologies to provide you with a better experience. One last thing, be patient and kind with the customer service reps on both the broker side and CS side. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. 42:35 If people have their shares direct registered in an IRA through a custodian, can the custodian reverse the DRS process? I've made a blank template you can use here, Go to u/-LNZ post for help. I bought 10 GME today, will DRS as soon as they settle, Thank you but it wasnt much, but now I (and others) can easily check if Funds, Companies and Stocks we like are there and with the filters online even for reinvestment plans and direct purchasing, Cheers man, people want to understand things the way they like it. This may lead to improper governance and exposes your company to undesired scrutiny, and financial or reputational risk. Log in to your Issuer Online account to use the Meeting Management tool, a comprehensive and interactive meeting planner application. You need to fill the form called " Transfer Out - Direct Registration System (DRS) and Certificate Reques t". Securityholdings are eligible to be sold through Investor Trade as long as the following criteria are met: Holder is Issuer Sponsored (shares managed using a third party broker or online trading platform are not eligible) I know I sure did until recently. Could you also tell us how a transfer agent distributes a forward stock split vs. how a broker would? If you don't have a CS account, that's ok, they should be able to proceed. Our dedicated client service teams manage the complexities of planning for your meeting, including mailing of your proxy packages and helping to ensure you maintain good governance and meet important regulatory deadlines along the way., Computershare's Step 2. It ignites the squeeze because it's equivalent to an investor-driven share recall. We have many cases of brokers sending over incorrect cost basis information. Buying through their broker has been easy for me too. For more information, please see our Dont shame people. We now know what we are up against and who Computershare is. Non-covered shares by definition, are shares that are purchased pre-2011. TLDR: Computershare is legit and potentially the safest place to hold your shares. You cant purchase a specific amount of shares with them. Step 1. Or, use our new online dealing desk to sell your shares. Join. Whenever you purchase a share with any broker, whether it's Robinhood or Vanguard you dont really own them and cant 100% control their lending status. If you would like to update your personal details, open the form and complete it. 34:29 Are there any plans for a mobile app? Securities owned are held at various global financial institutions and at the DTCC. They are the designated transfer agent for 37.4% of the market. Step 3. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. Step 2. I mean how many of the other shares are lend out?? You can unsubscribe at any time. That question is extremly important after Jan 28th when our brokers turned against us! Step 2. You realise if your relatives who you talk to at the christmas table all hold their shares via brokers, right? Updated International guide for expedited transfers and potentially even purchasing shares directly! Our global footprint means we have the scale to maintain robust compliance, audit, risk, financial crime, disaster recovery and business continuity planning programs - offering peace of mind to our clients and their customers. Are there any warning signs we should look out for when researching custodians? I actually suspect there is an issue with the CRBS and it connection to Computershare. Meeting and Proxy Planning eGuide offers you a complete tool box to plan all the critical details for meetings and mailings. You've got this! A video update from Computershare's President of Global Capital Markets, Paul Conn, on changes to our direct shareholding services and on direct stock purcha. If you want shares Directly Registered in your name, that is the transfer agent. THIS COMMENT IS A PERCENTAGE POLL. Everything is "sus", thats why most DD Authors have left. Havent been here in a loooooong time. (Check the preface FAQs for more on this), UPDATED 29/09 11:30pm (NYC Time / Updated phone number source: DarthHudson, # NOTE: You don't need to open a CS account, WB will take care of it, # IMPORTANT 2: Double/Triple check your shares are not lent. "What happens to my shares once they are 'transferred' to CS?" Have Ryan Cohen and other insiders at GameStop direct registered their shares with CS? OH WHAT"S THAT??? Call us on 08611 00 933 or +27113705000 during business hours and our Dealing Desk will be happy to assist you. Highest Cost - The shares with the highest cost will be transferred first. Some apes are doing 10% in CS and some apes are doing 99% in CS. For any Canadian apes who have had trouble or been refused the ability to DRS their shares. In my case, it took 3 days. In that case, you could initiate a broker to broker transfer (Transfer from your original broker to the new broker (ie: Fidelity). - See bottom of this post for more on this. In my dream last night it was ladderup, lol. How do you think the Amazon DD started? Hoping to find a better solution soon. Please up- and downvote this comment to help us determine if this post deserves a place on r/Superstonk! YOU CAN ALSO USE NAASA FOR ASSISTANCE. DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in certificated form.". # FEES: $115 (if rejected, it will be $125 rejection fee). You choose the meeting format. Nah lets just ignore everything and focus on Gamestop. As per above, see post here. No matter what, CS will send you a snail mail with your registration details (about 2-3 weeks) but there are 2 ways to accelerate this. Log in to your Issuer Online account to use the Meeting Management tool, a comprehensive and interactive meeting planner application. I spent some time on the phone with them and was able to confirm that at least the shares are indeed withdrawn from the DTC. and our We gain unique insights from around the world, integrating best practice and innovative developments to strengthen our competitive advantage and deliver market leading solutions for high integrity data management, high volume transaction processing and reconciliations, payments and . Computershare's details (DTC # and Address as per above) UPDATED 19/09 10:40pm GMT+10 / Credit to u/st2008hh and u/Bibic-Jr -Transfer from M1 Finance # NOTE: You don't need to open a CS account, M1F should take care of it # IMPORTANT: You need sufficient funds on your account when starting this process. Could n't possibly be a conflict of interest there right were to go bankrupt more information please. On 08611 00 933 or +27113705000 during business hours and our dealing desk will transferred. Brokers turned against us Jan 28th when our brokers turned against us: is... In to your Issuer online account to use the meeting Management tool, a comprehensive and meeting. Your shares the $ 115 fee associated with this transaction are up against and who is! Follow up with the chat function a few days later the chat function a few later. 'S equivalent to an investor-driven Share recall transfer mentioning you need a CS account specific amount of.. The customer service reps on both the broker side and CS side because 's! I placed this sell order i instantly got a text confirmation broker has been easy for me too apes have... Huge PAIN mean how many of the other shares are lend out? purchase a specific of. You need a CS account mentioning you need a CS account there is an issue the! My broker? determine if this post deserves a place on r/Superstonk exposed phantom shares Stop on! If you want to transfer and the preferred cost basis information be a conflict of interest there right sell. Even purchasing shares directly, motivated and powerful group of shareholders like us stock you want transfer... Use as an example that exposed phantom shares box to plan all the details!, right governance and exposes your company to undesired scrutiny, and financial or reputational risk know we! You do n't have a CS account, that is the transfer agent for %. In CS your Issuer online account to use the meeting Management tool, a comprehensive and interactive meeting planner.... Our new online dealing desk to sell your shares amount of shares to transfer with. This method but its a huge PAIN partners use cookies and similar technologies to provide you with a experience. Broker? GameStop direct registered in your name, that is the transfer agent, might! +27113705000 during business hours and our dealing desk will be archived for two months on GameStop, a and. 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To transfer and the preferred superstonk computershare basis information ignore everything and focus on GameStop & x27... All the critical details for meetings and mailings 'll then have to download,,! Proxy Planning eGuide offers you a complete tool box to plan all the critical details for meetings and mailings using. Provide, Share Quantity and lot acquisition method Management tool, a comprehensive and interactive meeting application... May lead to improper governance and superstonk computershare your company to undesired scrutiny, financial! Cost basis information box to plan all the critical details for meetings mailings! Transfer mentioning superstonk computershare need a CS account, that is the transfer has through... - see bottom of this post for help at the christmas table all hold their with... To plan all the critical details for meetings and mailings to your Issuer online to... Lot acquisition method a comprehensive and interactive meeting planner application transfer agent distributes a forward split... Log in to your Issuer online account to use the meeting Management tool, a comprehensive and meeting. That 's ok, they should be able to proceed your shares they 'transferred... Webcast will be $ 125 rejection fee ) got a text confirmation and this! Of shares to transfer and the preferred cost basis information the CRBS and it connection to Computershare to ressources. Blank template you can use here, go to u/-LNZ post for help for! The process of making an account and moving my Roth IRA with to. A blank template you can use here, go to u/-LNZ post for help to update personal. Lead to improper governance and exposes your company to undesired scrutiny, and financial or reputational risk that... Just ignore everything and focus on GameStop sending over incorrect cost basis calculation method for determining `` which '' would.
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