Just curious if DWAC is a good buy at the moment. Looking to pick something up.
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It just registers the stock in your name instead of the DTCCs. If you read the find print, brokers may sell off your positions at any point due to market instability or other reason. If you are holding for multi million dollar payouts that’s not what you want. The only way to truly control your stock is to have them in your name.
Many are concerned that some brokers are never locating or buying your stock at all. Thus, you only ever owned an an IOU. When this shit explodes, brokers who never bought the shares are fucked. You would be as well because trying to find shares at this point would be impossible.
Research it more, but it is basically an insurance policy. If your broker shut off the buy button in Jan 21, I would be very suspicious. I don’t know if you can trust any of them honestly as they all have done or have been associated with shady shit.