Trump Media and Technology Group (DJT) Gives Advice To Concerned Investors on How To Prevent Their Shares From Being Loaned Out ...
Incidentally, Trump Media and Technology Group closed out today on a positive note, constituting a departure from the bearish regime that reigned over the past few days.
I think option 3 (moving your shares to Odyssey Transfer and Trust Company) is probably the safest
For people unsure about the whole DRS thing, this website explains a lot.
It's specifically for GME and their transfer agent Computershare, but a lot of the info is the same for any transfer agent (like Odyssey).
https://www.drsgme.org/why-register-shares
Also you can DRS shares held in a retirement (IRA) account. Its a bit more involved and can cause tax events. This website gives guides on how to do it:
I have Fidelity the scammers, what do you guys think? Should I move my shares to Odyssey Transfer?
If Trump's company says soz then yeah.
Plus you should DRS everything else you own!
I see the caveat that moving to Odyssey can trigger costs and slow transfer back to a brokeraqe for sale.
So, by DRSing, I effectively take my stocks in a holding position and have to use a brokerage to sell and/or buy more? I would appreciate as much insight as anyone is willing to offer, as I need to fully understand how it works before making the move from Fidelity.
I can't answer for Odyssey, but Computershare (transfer agent for GME) has direct selling from their website.
The only delay would be if you want to transfer them back out to a broker before selling. But why would you ever want to do that? That part is probably there in the interests of full disclosure which is fair.
Hope someone else can answer the selling direct from Odyssey question.
Call Odyssey and let us know!
Moving DJT to Odyssey Transfer would be the same as moving GME to ComputerShare. I did that for GME and plan to do this for DJT as well.
Thank you.