Its a little annoying to see these fees but when the share price looks like a phone number I dont think it will bother you. - Really valid question and it's a personal choice again. A phone call is easier than you think! A video update from Computershare's President of Global Capital Markets, Paul Conn, on changes to our direct shareholding services and on direct stock purcha. You can follow up with the chat function a few days later. So yes, there are fees associated with selling. 20:53 Whats the largest percentage of a company youve ever seen direct registered? Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. Create an account to follow your favorite communities and start taking part in conversations. Everything is "sus", thats why most DD Authors have left. Computershare Limited (CPU) is a provider of services which includes Issuer services, Mortgage Services & Property Rental Services, Employee Share Plans and Voucher Services, Business Services, Communication Services and Utilities operations and Technology Services. We support you at every step. EDIT 2: IMPORTANT! 09:15 When will European investors be able to easily deposit funds from their European Bank accounts? Just make sure the name on the account match. >Ongoing hiring of specialists of e-commerce, UI, UX, blockchain and supply chain operations. (I have already spent hours on the phone with them trying to get this or to find out what it would take to get this). The phone number for the call is 877-451-6152 and the confirmation code is 13732487. "Direct" Registration The security is registered in your name on the issuer's books, and either the company or its transfer agent holds the security for you in book-entry form. There couldn't possibly be a conflict of interest there right? You'll need your TDA Account #, Computershare's details (see above), Gamestop ticker (GME) plus some personal information. As per above, this is not financial advise but if I were in the US and my broker mentioned DRS would take more than a week, I would transfer out to another broker like Fidelity and DRS from there. When transferring positions, your broker should be asking or give you the choice on the tax method you'd like to use to transfer your positions. So 80% basically at this point. If you have done better than that you should give yourself a solid pat on the back. Shares can be replicated infinitely. There has never been and probably never will be another situation like GME. They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. Incorporated in Victoria on 18/10/1978. When prompted by the automated system, say "Stock Certificates". That feeling when GME drops into the $18s, and your deposit hits Computershare. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. You cant purchase a specific amount of shares with them. 67. r/Superstonk. Unfortunately, we have become so accustomed to following every price movement of the ticker and buying the dip we forgot one of the most important principles. I think its the people doing xxx and xxxx transfers that are getting the script. So don't try to set up an account. Call the CS US number on +1 877-373-6374 and press *99 twice then state it's for Gamestop. PRESIDENT, COMPUTERSHARE GLOBAL CAPITAL MARKETS Paul Conn Paul Conn started his international financial markets career at the London Stock Exchange in 1979. They even go on to basically admit that they arent required to do anything to curb naked short selling and the best way to take care of it is for investors to direct register their shares. Go to Superstonk r/Superstonk by UncleNuks Voted View community ranking In the Top 1% of largest communities on Reddit. https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system. Could you help us understand the process is from the start when someone requests direct registration through the shares landing in their Computershare account?06:40 and to clarify, do you know if the shares are removed from the DTCs books?07:21 The community is big on hypotheticals, and there is a lot of interest on direct registering shares on stocks that have been naked shorted, creating what is known as synthetic shares. Certificates can NOT. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Lets put it together. The service is available to investors in companies where Computershare acts as share registrar. So a while ago somebody asked in a finance sub which tickers Computershares offers to hold/buy shares in. Thank you for always exposing the fuckery. Incorporation Details. (Comment explaining the value caps and $ limits on sell orders. A video TLDR of what's been going on with GameStop since last January and why direct registration matters: ________________________________________________________________________Looking for the Daily Thread? This information doesn't really have any use for me, but maybe someone might find it useful. Hey there. # NOTE: You don't need to open a CS account, TDA will take care of it. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. I have committed the ultimate sin in the name of science and for the first time since this all began I SOLD A SHARE so YOU DONT HAVE TO. When you really think about it, this awkward process seems to be almost perfectly built for most apes that are just buying more shares every paycheck. Here is something I found really quickly. These investors really think that they are buying "real" shares from a "real" shareholder, perhaps across the country, with a market maker acting as the middleman., Investors also do not have a clue that their own broker/dealer, who owes the investor a fiduciary duty of care after being paid a commission as an agent, is "renting" out their purchased shares to the mortal enemy of the client's investment. # IMPORTANT: For anything above $10k, you'll need a medallion signature for the form process, # PROCESS COMPLEXITY : (Phone) / (Form/Secured online message), # METHOD: Phone or Form/Secured online message, Step 1. Hoping to find a better solution soon. The goal of this post is to provide information that will give you the confidence to direct register as many shares as you are comfortable with and explain how selling works with Computershare so you can decide if that is the right strategy for you. I give ressources for Computershare, pretty important right?? They were not built to buy the dip or day-trade which is why those of us used to app-based, commission-free modern trading unreasonably judge their platform as archaic. Some apes like myself have a lot of shares in a Roth IRA and cant transfer them out due to early distribution tax implications (although I think I found a solution to that you will find at the bottom of this post). All rights reserved. It removes any risk your shares might face during a broker default, https://www.reddit.com/r/Superstonk/comments/ptxbiq/broker_defaultsbankruptcy_sipc_insurance_and_your/?utm_source=share&utm_medium=web2x&context=3. NOTE: You can also request Express to receive that special code. UPDATED 28/09 11:00pm (NYC Time / Added the form method back). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 17:26 In terms of staffing or processes, how much has Computershare been affected by this Global influx of investors wanting to be registered owners? How do I update my name or address? From u/zenquest / SuperStonk Post: Why direct ownership of GME at Computershare is the most likely trigger and what's stopping. OK elephant in the room, what about selling??? Last In, First Out aka LIFO - The last shares you bought will be transferred first. You can then set up your account. I know the more I drs, the less Ill need to sell. GME stock has approximately 18.67 million shares on loan. Just in case there are any issues this will allow you to call back and quickly get an update instead of starting all over. The investor has been "sold out" by his own brokerage firm. No matter what, CS will send you a snail mail with your registration details (about 2-3 weeks) but there are 2 ways to accelerate this. - That's true. I won't be tempted to touch them. What is GME and why should you consider investing? Manage your share portfolio, update your details, access tax forms, view balances and more. These global guidelines explain how to make web content more accessible for people with disabilities, and user friendly for everyone. and our By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. We haven't verified this yet but its certainly worth considering. You choose the meeting format. 100% but I just bought 9 more shares on TD. All rights reserved. It took a while for all this information to make its way through the community but once apes started actually transferring their shares to Computershare we were greeted with a glorious sentence in our transaction history. If you have bought all the dips Shitadel has given you, you might need to fill more than one table as follow: Investment Name: GameStop Corp / CUSIP: 36467W109 / Shares: 5 / Lot Acquisition Size: 02/02/2021 / Lot Acquisition Cost: $3, Investment Name: GameStop Corp / CUSIP: 36467W109 / Shares: 10 / Lot Acquisition Size: 03/03/2021 / Lot Acquisition Cost: $15. All rights reserved. Note: Starting August 26 our source stopped reporting data. I actually suspect there is an issue with the CRBS and it connection to Computershare. Mar 3, 2022. Fore the apes that merely skimmed the post, what disincentive is there for just doing 100%? Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some brokers). Some apes just trust the age old Buy & HODL and dont want to explore Buy, Register & HODL. Cookie Notice Privacy Policy. Privacy Policy. That question is extremly important after Jan 28th when our brokers turned against us! They are playing both sides of this trade. 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Post, what disincentive is there for just doing 100 % but i just bought 9 more shares on.. Then state it 's a personal choice again, thats why most Authors. Be another situation like GME names like IIROC ( as they regulate WS and brokers... Back ) account to follow your favorite communities and start taking part in.. The London Stock Exchange in 1979 sales exempted from the uptick rule most likely and... Hiring of specialists of e-commerce, UI, UX, blockchain and chain! Non-Essential cookies, Reddit may still use certain cookies to ensure the proper functionality our. Special code issues this will allow you to call back and quickly get an update of... Has approximately 18.67 million shares on loan 09:15 when will European investors be to! For people with disabilities, and your deposit hits Computershare ; Stock Certificates quot! Out and do n't need to sell Reddit may still use certain cookies to ensure proper! Bought 9 more shares on loan n't need to sell - Really valid question and it to!