Do your DD. I've made a blank template you can use here, Go to u/-LNZ post for help. Computershare Trust Company, N.A. Before we wrap this up the final piece of the puzzle is what it looks like to SELL with Computershare. Computershare AMA Part 2 by SuperStonk published on 2022-04-10T15:41:18Z. Check it out and don't hesitate to drop names like IIROC (as they regulate WS). . (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). Reply, if you wish, what % of your stock you put in Computershare to help apes decide what they should put in. Highest Cost - The shares with the highest cost will be transferred first. If you would like to buy or sell shares, and your holding has been dematerialised into a CSD Participant account, we are pleased to be able to help. You can follow up with the chat function a few days later. I've made a blank template you can use here you can use as an attachment. 39:11 Why can't trust accounts or LLC holdings be opened directly through Computershare? There isn't even any sharing of the rental income from the loan., The nave investor does not realize that there would be consequences for his brokerage firm if it were to "break ranks" and do the right thing. 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? Rather than dealing with them and having to go through their insurance, you'd go through Gamestop. A few solutions: YOU PRESSURE THEM TO GET IT DONE FASTER: They will more likely push back but you can try, YOU TRANSFER TO ANOTHER BROKER WHO CAN DO IT FASTER (Personally, I like this one). 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. If you have acquired more than 4 lots, you might need to attached a word doc. Securityholdings are eligible to be sold through Investor Trade as long as the following criteria are met: Holder is Issuer Sponsored (shares managed using a third party broker or online trading platform are not eligible) This sexy ape called u/Bibic-Jr is keeping a good log of all brokers. Now we yacht. When prompted by the automated system, say "Stock Certificates". 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. However, adhering to ever-changing regulations, as well as the logistics and manpower involved to plan, administer and govern a meeting and vote can be a strain on your resources. Computershare is Australia's largest share registry with over 800 ASX listed companies using its services. We talk to Paul Conn about limit orders, multi-factor authentication, what you can access quickly on your account, IRAs, and more!Paul Conn started his international financial markets career at the London Stock Exchange in 1979. As of December 31, 2022, securities owned of approximately $54.59 billion have been pledged as collateral to counterparties on contract terms which permit the counterparties to sell or repledge these securities to others. Kinda. Have Ryan Cohen and other insiders at GameStop direct registered their shares with CS? 19:37 Have you had any media inquiries asking questions about GME investors? 02:22- Will the current limit sell price rise as the stock price rises, and how will that work? Let us help! Dark pool percentage shows trading volume through Dark Pools. If you would like to update your personal details, open the form and complete it. The same question for international investors. I give ressources for Computershare, pretty important right?? The phone call was a breeze and the transfer took 4 days. One piece of advice I am very comfortable giving is you absolutely should be diversifying your holdings across multiple brokers. 27 Feb 2023 23:13:13 ComputerShare and DRS is the way. 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). 14000 Employees. 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. Computershare - A List of all the companies you can invest in. When you go through 'Ask TED', the agent will fill the form for you, Step 2. Here is the company. Step 1. He has been awesome and has a lot of history he can share about the events in 2008 that was the genesis behind their IRA DRS service. Shares can be replicated infinitely. The phone number for the call is 877-451-6152 and the confirmation code is 13732487. Learn more about this bot and why we are using it here. reddit.com. 08:17 How many bank accounts can each Computershare account have? This may lead to improper governance and exposes your company to undesired scrutiny, and financial or reputational risk. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. NOTE: When calling the first #, say your Schwab Acc. There is a massive financial incentive for them to lend your shares to short sellers and historically speaking they have done everything in their legal authority to lend them. 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. So a while ago somebody asked in a finance sub which tickers Computershares offers to hold/buy shares in. As per above, see post here. DTC states that by purporting to exercise the rights of the shareholders, issuers are* interfering with the legal and beneficial rights of DTC and its participants with respect to securities deposited at DTC and with DTC's obligations under Section 17A of the Act.. "Do I need to transfer all to CS now?" Are there regulations in place to make brokers send over the correct cost basis information? A guide to TRANSFER a portion/all of your GME shares to Computershare (referenced as CS in this post). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I actually suspect there is an issue with the CRBS and it connection to Computershare. Our global footprint means we have the scale to maintain robust compliance, audit, risk, financial crime, disaster recovery and business continuity planning programs - offering peace of mind to our clients and their customers. /GME/ - Comfy Wednesday Late Night Edition - "/biz/ - Business & Finance" is 4chan's imageboard for the discussion of business and finance, and cryptocurrencies such as Bitcoin and Dogecoin. Mar 3, 2022. If you start subsequent DRS transfer and want these shares to go to your existing CS account, quote your CS account number to your broker. EXTREMELY IMPORTANT: You need to be 200% accurate with these details and they need to be matching the details your broker would have passed on to CS. Intelligence at your fingertips. Step 3. 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. 05:21 In our first AMA you informed us you were looking at what you can do to raise the selling limits. They are playing both sides of this trade. DRS everything is my strategy, which is 95% GME only. Your shareholder meetings are highly visible milestones in your annual corporate governance cycle and you need them to run according to plan regardless of the format. 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. Step 4. Use our Proxy Meeting Calculator to get an overview of milestone activities for your meeting. 20:53 Whats the largest percentage of a company youve ever seen direct registered? Reply Roid_Rage_Smurf Schrdinger Bot Additional comment actions . 21 Countries. You'll need to fill a letter of instruction. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. It ignites the squeeze because it's equivalent to an investor-driven share recall. They will start the process. We have tried to put the process of creating an account on Computershare in a video format so that it is easier for all of you to create your log in and acce. Once that's done, CS will ask for a special token code (kinda 2FA)and that code is sent by snail mail. You can also mention the Ombudsman for Banking Services & Investments (OBSI), The CSA and even threaten to file a financial institution complain at a federal level. These global guidelines explain how to make web content more accessible for people with disabilities, and user friendly for everyone. Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Step 2. Consider speeding up the process by using Fidelity as a middleman, Transferring from Fidelity, TD Ameritrade, Ally Invest, Firstrade, M1 Finance, Merril Edge, Public, Charles Scwabb, Webull, Wealthsimple and Interactive Brokers, Transferring from Commsec, DNB, Disnat, Danske bank, Hatch, Lynx.nl, Nordnet, Questrade, RBC, Revolut, Saxo, Scotia iTrade, Stake, Swissquote, TD Canada, Tradestation and XBT, Transferring from Chase/JP Morgan, E*Trade, SoFI, Rabobank, Tastyworks, Tradezero, and Vanguard, IRA Transfer Update! CS batches buy orders together and does not execute them immediately. Is there any difference for international investors? To help us connect you to the right team, please call the number listed on a recent statement or communication from us. Teaching people and showing generally the Computershare/Transfer Agent way IS the way. You can unsubscribe at any time. This feels like an appropriate time to bring up one of the most aggravating pieces of information I recently learned. This is Part 1 of the Step-by-Step Guide to transfer to Computershare out of your broker. In my case, it took another 1-2 days. and our 3.3K. Contact us to learn more about how we can help with your shareholder meetings. ===================================================================IRA Transfers - Adding more soon! Many shares if not all that are being DRSed or purchased after 2011 and therefore should be covered. It ignites the squeeze because it's equivalent to an investor-driven share recall. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. They do however have 12,000 employees dedicated solely to keeping accurate records for their 75 million customers. 21 Countries. Can you expand on what the unique shareholder reference number is? With Issuer Online, our web portal for issuers, you have access to the tools and documents you need to prepare for your meeting and reach all the milestones along the way. 35:04 DRS shares that do not have their cost basis information sent over by brokers are labeled as non-covered shares. Call us. The investor has been "sold out" by his own brokerage firm. Make sure you understand if that works for you and call it out to them if not. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. You can then set up your account. After a User asked about the fruit Phone stock for example can be held at CS but not bought trough them, only through a broker. I think its the people doing xxx and xxxx transfers that are getting the script. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. This call, along with supplemental information, can also be accessed at GameStop's Investor Relations. What happens if/when Computershare registers the freely traded float or even the total outstanding shares? Need to look into this more and see if I can verify with CS), (Comment explaining what the sell order limits are and why we shouldn't be worried about them). Things you need to know and/or might need. If you are using another browser, you will need to download the form onto your system after which you will be able to submit it automatically. A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. Section 2: This is basically YOU and YOUR details. Getting a tracking number should take a day so you can call back and ask for it. Here is something I found really quickly. Cookie Notice No matter which broker you use, when you initiate your transfer make sure to get a confirmation number that is logged in their system. With Issuer Online, our web portal for issuers, you have access to the tools and documents you need to prepare for your meeting and reach all the milestones along the way. SuperStonk Computershare AMA Part 2. This can be done online when you are logged into your CS account. Privacy Policy. The Official Youtube channel for the reddit community r/Superstonk. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Press J to jump to the feed. They are a necessary evil and some are certainly much more trustworthy than others but at the end of the day, they are NOT your friends. We gain unique insights from around the world, integrating best practice and innovative developments to strengthen our competitive advantage and deliver market leading solutions for high integrity data management, high volume transaction processing and reconciliations, payments and . Lets begin by recapping what we know so far. When your broker has confirmed it's done, you will not hear from CS to confirm it's completed. They are the designated transfer agent for 37.4% of the market. How do I change my banking instructions for payment of dividends? IMPORTANT: You should check with your broker before transferring to another broker or CS as it could lead to your positions being sold/liquidated or your account being blocked during the process. Once everything is settled I will make another post describing the process. You will most likely need to provide, Share Quantity and lot acquisition method. At that point, they should be able to pull the right form and help you out. - Simple answer is no (unless it fits your investment strategy). u/PM_Your_Green_Buds has written a post for Canadians about delays. Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. 1996 - 2023 Computershare Limited. Step 2. https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system. Our global locations. This is just because most people that would use a system like Computershare don't need it to be simple or fast. https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/. Apes should own everything! 16:09 What security measures are in place to detect and deflect DDOS attacks that might occur on the website? Summary of trading data of GME. Your answer was: No. And just to verify, I made a direct purchase through computershare on FRI Feb 24th and there was MFA. If a company issues a dividend in the form of cryptocurrency, then other arrangements would need to be made in order to receive the dividend. Scan this QR code to download the app now. First we need to identify a very important distinction between Street Name Registration and Direct registration. On the day of your meeting, we are there along with you, administering, scrutineering, tabulating your vote and providing real-time access to your votes as the results come in. I want nothing but answer a question I saw online and asked myself, hope others use this as well. Essentially, they will need to liquidate your positions for the transfer. via /r/Superstonk #investing #stocks #fintwit #superstonk. From u/Criand / SuperStonk Post: ComputerShare and DRS is the way. Its also important to recognize that if you believe GameStop will be issuing an NFT dividend even trustworthy brokers like Fidelity have stated they can not guarantee delivery. If you made it to the end of my rant, thank you for reading. Thank you, John Stewart. Manage your share portfolio, update your details, access tax forms, view balances and more. A day so you can use here, go to u/-LNZ post for Canadians about delays the process a..., say your Schwab Acc broker and understand how reliable they are on a statement. Its partners use cookies and similar technologies to provide you with a direct purchase through Computershare be able pull... Us to learn more about how we can help with your shareholder meetings tickers offers! Getting a tracking number should take a day so you can use as an example exposed. Computershare, pretty important right? SELL with Computershare very comfortable giving is you absolutely should be to... How will that work up with the chat function a few days later to go through their insurance, will. 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Pull the right team, please call the number listed on a golden platter will that work way is way! A List of all the companies you can use as an example that exposed phantom shares s Relations!