Direct Registration System. As an example, GameStop's direct registrar is ComputerShare.
So with GME shares, you can call up your broker (i.e. Fidelity) and tell them you want to direct register your shares with ComputerShare. They will then send your shares info over to ComputerShare, and then your shares will be registered at ComputerShare directly in your name. This removes Cede & Co as being the owner listed on the shares and instead lists you as the owner. This gives you full ownership/control over your shares and removes control from Cede & Co/DTCC.
Fidelity (broker) has been good about DRSing quickly (within 3-5 days). Other brokers however have been dragging their feet. I heard some users state that Vanguard took 2-3 weeks to complete DRS.
Direct Registration System. As an example, GameStop's direct registrar is ComputerShare.
So with GME shares, you can call up your broker (i.e. Fidelity) and tell them you want to direct register your shares with ComputerShare. They will then send your shares info over to ComputerShare, and then your shares will be registered at ComputerShare directly in your name. This removes Cede & Co as being the owner listed on the shares and instead lists you as the owner. This gives you full ownership/control over your shares and removes control from Cede & Co/DTCC.
Fidelity (broker) has been good about DRSing quickly (within 3-5 days). Other brokers however have been dragging their feet. I heard some users state that Vanguard took 2-3 weeks to complete DRS.
It's FUDelity now.
Indeed. Their logo alone is enough sus for me.