I just bought my first 11 shares yesterday. The ironic thing is I used my brokerage account at Fedelity to make the purchase and they own a large portion of the shorted stocks. They see me betting against them.
Call Fidelity and tell them you want to DRS (Direct Register) your shares with Computershare. That will put them in your name directly and out if the DTCC’s hands.
I just bought my first 11 shares yesterday. The ironic thing is I used my brokerage account at Fedelity to make the purchase and they own a large portion of the shorted stocks. They see me betting against them.
Call Fidelity and tell them you want to DRS (Direct Register) your shares with Computershare. That will put them in your name directly and out if the DTCC’s hands.
I go thru Fidelity as well, but only have stock in DWAC and Tesla, should I do the same?
It's a good idea because it removes those shares from the control of the DTCC but I don't know the transfer agent for DWAC or Tesla.
There's a sub on reddit /r/DWAC_Stock
Someone said: continental stock
Taken from:
https://old.reddit.com/r/DWAC_Stock/comments/s0xmvy/does_anyone_know_whos_the_direct_registrar_for/
Another post:
https://old.reddit.com/r/DWAC_Stock/comments/rqn05w/drs_dead_end/
Another:
This guy actually did it: https://old.reddit.com/r/DWAC_Stock/comments/qlezgz/drs_is_complete_24_shares_and_70_warrants_now_in/
Lots of apes move 1/3 or 1/2 of their shares at a time. Computershare is great,but it's not a broker,know the differnce.
True, however you can still sell shares held in ComputeShare directly on their website.