Do shares have to be DRS’ed on DWAC or GameStop in order to take possession of them later, or is that just needed to MOASS and prevent systemic shenanigans?
From listening to audio about this yesterday regarding The Great Taking, the answer is absolutely “yes”.
I forgot that like how we are “lenders” to banks and not “depositors”, we also don’t own the stocks in our brokers’ accounts. They’re all backed by banks, so if banks go, they will too.
Do shares have to be DRS’ed on DWAC or GameStop in order to take possession of them later, or is that just needed to MOASS and prevent systemic shenanigans?
A lot depends on the finicial strength of your broker. Low rent brokers like robbinthehood. I would transfer.
From listening to audio about this yesterday regarding The Great Taking, the answer is absolutely “yes”.
I forgot that like how we are “lenders” to banks and not “depositors”, we also don’t own the stocks in our brokers’ accounts. They’re all backed by banks, so if banks go, they will too.
https://www.investopedia.com/terms/d/dwac.asp