That’s a good documentary that I also recommend people should watch. But just to add to this… This is exactly why GME apes say to DRS and book shares. It removes them from the DTCC and puts the shares in the shareholder’s name instead of the broker’s in Computershare. Of course, after doing so it is obviously going to be more difficult to sell them later but who’s selling?
Gold and silver for sure.👍🏼
This is exactly why GME apes say to DRS and book shares. It removes them from the DTCC and puts the shares in the shareholder’s name instead of the broker’s in Computershare.
Do you get the paper stocks with unique ID because from everything I've seen so far you don't when you DRS. You may get off the brokers in Computershare but the DTCC is the Central Clearing Party above brokerages. They are the legal owner of the stock and there is no way around that. You can move up the hierarchy on top of the brokerages with DRS but not the DTCC which is the top of the hierarchy. You just own a "security entitlement'.
Deleted Yale Law Study showing who the owners of your securities are.
Chapter 12 - "Street Name" Registration & The Proxy Solicitation Process by John C. Wilcox, John J. Purcell III, and Hye Won Choi
That’s a good documentary that I also recommend people should watch. But just to add to this… This is exactly why GME apes say to DRS and book shares. It removes them from the DTCC and puts the shares in the shareholder’s name instead of the broker’s in Computershare. Of course, after doing so it is obviously going to be more difficult to sell them later but who’s selling? Gold and silver for sure.👍🏼
Do you get the paper stocks with unique ID because from everything I've seen so far you don't when you DRS. You may get off the brokers in Computershare but the DTCC is the Central Clearing Party above brokerages. They are the legal owner of the stock and there is no way around that. You can move up the hierarchy on top of the brokerages with DRS but not the DTCC which is the top of the hierarchy. You just own a "security entitlement'.
Deleted Yale Law Study showing who the owners of your securities are.
Chapter 12 - "Street Name" Registration & The Proxy Solicitation Process by John C. Wilcox, John J. Purcell III, and Hye Won Choi
1st Diagram on Page 24 https://web.archive.org/web/20100714050340/https://law.yale.edu/documents/pdf/cbl/Wilcox_streetname.pdf
http://www.getfilings.com/sec-filings/101202/RJO-GLOBAL-TRUST_S-1/