GME tsunami!
(media.greatawakening.win)
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For all those ppl who keep saying DRS your stocks....I wrote to Fidelity confirming my stock assets as of May 1st 2024 were "(I listed all of them in name/symbol/ and number of shares) are safe and secure and held in cash and securities and not to be lended or sold. They responded : ONLY THOSE persons with securities and shares pending margin agreements and with a margin debit balance would be concerned. It specifically stated by " Brokerage Operations" Fidelity will NOT lend my shares.
So ppl who are rushing to transfer shares to DRS and pay monthly mntc fees it isn't necessary with Fidelity. According to the confirmation letter I received. Hope that info helps someone
I would not trust them, the stock is still in the DTCC's hands, and it's in "street name " only. Not your shares until they are directly registered in your name and pulled from the DTCC.
I don't think there are fees to store shares at Computershare.
There are monthly fees with DRs and I have it in writing from Fidelity that they neither lend nor borrow shares held in a cash account. It specifically says only margin accounts and transactions within them are managed differently
https://old.reddit.com/r/Superstonk/comments/pr1mdi/very_underrated_comment_doesnt_matter_that/hdfkvbx/
Re: Fees. If you are in BOOK and not PLAN I don't think there are fees.
I’ve had GME shares in CS for years, and there has never been a fee. The only fee is when you sell shares.
Read the fine print from your brokerage. They can sell your shares at any time, for any reason, which they will have to do if/when MOASS hits.
So your saying they will sell everyone's stock even if they don't have GME or the like to cover their losses??
They told me the same
But thank you for the input.
Majority of mine are DRSd, I have some in Fidelity also.