Newer investor. 12 at TD Ameritrade and 1 at CS. Diamond hands with opposable thumbs. That said…
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What if reserve notes are replaced with treasury notes before/during/after MOASS? How will that affect apes?
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I have not DRS with CS yet. How much does this matter and why? I intend to, but what are pros/cons?
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Regarding DRS, should I do that before or after the upcoming stock split and why?
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During/after MOASS, what about selling via CS or TD? Is one better, safer, easier or faster?
I understand all responses are not “financial advice”. Let’s discuss :-)
If you have any shares in CS then those there are already DRS'd. It's anywhere outside of CS that is not.
DRS puts the shares in your actual name on the GameStop register rather than them being in the name of the proxy "Cede and Co". This also means that shady shit can't be done like your shares being sold without your permission like what can in an extreme case by a brokerage like TD Ameritrade.
Shares DRSed before the stock split will split in CS and already be DRS'd. Those that split in a brokerage would need to be DRSd after the split if you want to.