It's deliberately complicated, but Computershare is the transfer agent, meaning while you own those shares and your name is actually on them, Computershare holds the physical shares for you. They're still yours, and short holders still have to close their positions.
Thanks. I think it's because they give me some sort of paper certificate that represents the stock. How do I ask for a DRS which is only online? Also, can I choose the transfer agent or is there only one for a particular stock. Like is GME always going to be Computershare and FAZ always going to be Bank of New York Mellon Corp?
If I DRS my shares and the brokerage house goes under I am assuming that I still own them where as the other way, probably not?
It's deliberately complicated, but Computershare is the transfer agent, meaning while you own those shares and your name is actually on them, Computershare holds the physical shares for you. They're still yours, and short holders still have to close their positions.
I tried to do it with Merrill Lynch & they said it cost me $25 for GME
For my FAZ & my UGL it would cost me $500 each
Does this sound about right?
That's insane
Thanks. I think it's because they give me some sort of paper certificate that represents the stock. How do I ask for a DRS which is only online? Also, can I choose the transfer agent or is there only one for a particular stock. Like is GME always going to be Computershare and FAZ always going to be Bank of New York Mellon Corp?