DTC instructed brokers this GameStop was a split NOT a dividend! (BIG difference! One splits shares the other receives NEW shares) They didn't have enough shares to distribute! This is HUGE! MASSIVE FRAUD by the regulating agency! MILLIONS of shares are owed to investors on brokers in the US and overseas. This is like your government job paying you in counterfeit bills.
This is the end of the DTC and current stock market system. Blockchain stock system coming soon! Financial revolution! MSM Silent.
The financial arm of the plan is becoming clear!
So it looks like TD ameritrade, like other brokers, just split your shares into four instead of receiving a dividend from gamestop because the DTC not only gave them the wrong instructions but didn't issue them the shares that game stop gave them to distribute
Not sure how this will play out with people that leave their shares with brokers. You could be stuck in litigation for years trying to get your money. The only solution is to directly register your shares through computershare.com
I'm on mobile right now but you can Google your broker's name and DSR and you should find the instructions on how to do that. If you're unsure or unclear just shoot me another comment later this evening or a direct message and I will point you to the Reddit thread that has specific instructions for your broker.
Directly registering your shares takes them off the DTC system and puts them directly in your name. It's the equivalent of having paper stock certificates. The shares registered through computer share or the first ones to receive the dividend. They are also the registered transfer agent of gamestop. There's no safer or better way to hold your GameStop then directly registering them in your name and taking them out of your broker's name.
So are we DR the 3 original shares or the split stock of 12 shares?
TD Canada
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u/Rpaddymac1 has TD ameriatrade
Thanks
Great question, I was going to try and drs all 12, but like you ask, and like data said, it should be a 3:1 split when I got a 4:1 split.
Awesome! Thank you, will be calling TD this morning.