Hey all.
Like many I own shares of Gamestop. Some time ago it was revealed that if you own your shares through an investment company they may lend out your shares without your knowledge which only helps shortsellers, or any other matter of general ****ery.
As such it’s recommended to own your shares directly through DRS or Computershare. This way your shares are yours and you’re more likely to take part in any MOASS rather than getting an apology letter from your investment after the MOASS letting you know they sold your shares due to “risk”, “White supremacy” or any other matter of excuse they’ll use.
I directly own my shares through computer share and just today got a letter telling me I had to make contact with them or by state law they’d turn over my account to unclaimed property. It was an easy matter of calling the number and inputting the control number on the letter and confirming my zip code and first three of my ssn.
Still annoyed that it only takes 18 months before it gets like this though. If you DRS’d your shares (in anything) be sure your account is still “in contact” so you don’t lose your shares!
having gone through some ***ckery where my shares in various companies was turned over to state unclaimed funds....it is a nightmare....took my almost 18 months to recover my assets from the state. You don't want your stuff turned over to them!