Step 3. We are in uncharted territory. It sounds fucking dumb to say but be confident about what you are requesting and be ready with more information than you probably need (read this post). and read the guide below on how to use the other bot commands! 34:29 Are there any plans for a mobile app? For more information, please see our Your answer was: No. 1996 - 2023 Computershare Limited. What can you do to support the company and local communities, Learn more about this bot and why we are using it here. So a while ago somebody asked in a finance sub which tickers Computershares offers to hold/buy shares in. The battle has only just begun. We help clients increase shareholder participation and transition from traditional, in-person meetings to virtual meetings, or a hybrid of the two. I spent some time on the phone with them and was able to confirm that at least the shares are indeed withdrawn from the DTC. Press question mark to learn the rest of the keyboard shortcuts, ComputerShared - Knighted by ScrollWheeler. HOW TO BUY (USA) Ok, this is counterintuitive: you can't open an account until the shares you bought from Computershare have settled. Privacy Policy. 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. Step 1. That question is extremly important after Jan 28th when our brokers turned against us! comments sorted by Best Top New Controversial Q&A Add a Comment Superstonk . Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Once everything is settled I will make another post describing the process. 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. Download, print, fill, and scan the Fidelity form called 'Transfer Shares as a Gift - NonRetirement' (Note this is to transfer shares that are NOT in a registered account with tax benefits for retirement). In my case, it took 3 days. This is NOT a broker-to-broker transfer, this is a transfer to an official registrar, a transfer agent to get shares in your name. # NOTE: You don't need to open a CS account, Ally Invest will take care of it. How to use the DRS BOT that is trying to tally how many shares have been transferred to Computershare, THIS IS THE WAY - How to use the recurring purchase option in CS called DirectStock and how to route purchases in Fidelity through IEX, u/Criand DD on Computershare and why it is so important, How to open a Computershare account and purchase shares (US ONLY), How to convert your newly purchased shares to "Book-Entry" (POTENTIALLY UNNECESSARY), List of brokers that allow for transferring your existing shares to Computershare, How to Computershare (SMOOTH BRAIN EDITION), Using a slow broker? Non-covered shares by definition, are shares that are purchased pre-2011. Computershare is an Australian based transfer company with offices in 20 countries. 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. 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. https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system. Things you need to know and/or might need. We now know what we are up against and who Computershare is. Individuals. - That question has been floating around lately. 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. Its also important to keep in mind you do not need to and others have presented a case for why you should not sell through Computershare. What began as a place to hold your infinity pool shares or a way to get the best odds possible to collect a hypothetical NFT dividend is quickly evolving into potentially the best place to hold the majority of your GME shares. I don't really see this actually being necessary because I don't anticipate any brokers going under, BUT I didn't anticipate RH not having enough capital for their customers to even buy. Are shareholders entitled to a discount card at any of your businesses? NEW FAQ - Computershare just posted this to help answer some of the most common Ape questions! Intelligence at your fingertips. Have your 11 digit Shareholder Reference Number (SRN) ready! Are you mad yet? Can you give us an update on this? Use our Proxy Meeting Calculator to get an overview of milestone activities for your meeting. Is there any way we can actually inquire for this information? Send an email with the following details asking for an outbound - DRS Transfer. >Complete corporate revamp by Ryan Cohen. # NOTE: You don't need to open a CS account, WS will take care of it. If this post deserves a place on r/Superstonk, UPVOTE this comment!! CS and DRS transfer is suited for some apes wanting to build an . At that point, they should be able to pull the right form and help you out. Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some brokers). 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. Securities owned are held at various global financial institutions and at the DTCC. All rights reserved. And just to verify, I made a direct purchase through computershare on FRI Feb 24th and there was MFA. Give Calgary $500M of that for a new arena. If you would like to update your personal details, open the form and complete it. You'll need to set up your account with personal details, 3 security questions and a password. While you will not receive a certificate, you will receive a statement of ownership and periodic account statements, dividends*, annual reports, proxies, and other mailings directly from the issuer.*. For me, I want these shares in MY name, not street name. A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). UPDATED 23/9, 8:45am NYC Time / Confirmation that live chat works NomNomNommy on 22/9 / Added form method on 29/9. We are so used to commission free trading we have forgotten that if the service is free, you are the product. Getting the vote is crucial to the long-term viability of any organization conducting a meeting or vote for their stakeholder groups, including members, employees, customers, investors or creditors. Head to Contact Us and click on Secure Mail to return the form. Step 2. What they were built to do is slowly and repeatedly invest in a company, and the irony we have slept on this for so long is tragic. DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in certificated form.". 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. They assume that the regulators are professionals, that they know every dirty trick in the fraudsters' playbook, and could recognize a fraud while it is being perpetrated. You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. Before we wrap this up the final piece of the puzzle is what it looks like to SELL with Computershare. Will I receive my dividends by cheque? 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. Essentially, they will need to liquidate your positions for the transfer. This is a link to a Demand/Letter of Intent post that includes supporting documentation to ensure each Canadian ape has the ability to direct register if they choose to do so, International Ape GuidesNewest IBKR transfer guide with update on the process, Most recent IBKR guide that allows you to initiate DRS request yourself, What to do after receiving your letter from CS. There is a list of all companies but its slow and takes forever to load. If you bought all your shares all at once, you probably just need to fill one table. Cookie Notice LEND THEM OUT TO SHORT! This is just because most people that would use a system like Computershare don't need it to be simple or fast. so how do fractional shares actually work when it comes to ComputerShare and ownership? Rather than dealing with them and having to go through their insurance, you'd go through Gamestop. Make sure you understand if that works for you and call it out to them if not. u/PM_Your_Green_Buds has written a post for Canadians about delays. You will receive your transfer confirmation a few weeks later. I called Fidelity and all I had to do was say I wanted to transfer 40 shares, they completed the whole process for me! I posted the list here too. After Moass. Step 3. If you choose to transfer some or the majority of your shares to CS you should absolutely be selling the shares you have left in your brokerage first during the MOASS. Because to me, it seems like direct registering your shares, it shouldn't be the brokers saying no and blocking this off, they should be able to provide this option.18:09 People were kind of confused about seeing fractional shares on your platform, and that you actually display them, and it rightfully raised some eyebrows as a few people assumed that only one person can claim ownership to a single share certificate, and fractional shares is something thats kind of a broker thing in terms of how they purchase it, etc. 1996 - 2023 Computershare Limited. 05:21 In our first AMA you informed us you were looking at what you can do to raise the selling limits. We have many cases of brokers sending over incorrect cost basis information. There is a list of all companies but its slow and takes forever to load. A video I recently made on the importance of "Broker Diversification": https://www.youtube.com/watch?v=_kuElFX5QrI, Newest IBKR transfer guide with update on the process, Comment explaining why Computershare might not be legally allowed to register more than the outstanding shares, Comment explaining the value caps and $ limits on sell orders. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. reddit.com. Short percentage is the amount of volume shorted. "How long does it take?" Short . Have a quick look at a few select quotes from a comment to the SEC over 15 years ago. Somewhat because of the infinity pool, somewhat because theyll be buying more for longer. You cannot trade with a share certificate; your holding needs to be dematerialised and held in custody in a FICA verified account in our CSD Participant. This call, along with supplemental information, can also be accessed at GameStop's Investor Relations. 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. How do I update my name or address? This sexy ape called u/Bibic-Jr is keeping a good log of all brokers. Shares can be replicated infinitely. First we need to identify a very important distinction between Street Name Registration and Direct registration. Certificates can NOT. Step 2. Some apes cant transfer any shares to CS because of their brokerages insane fees or logistical limitations. . Could you also tell us how a transfer agent distributes a forward stock split vs. how a broker would? The guidelines have three levels of accessibility (A, AA and AAA), and the Computershare site aims to meet AA standards. Computershare has agreed to a second AMA. The service is available to investors in companies where Computershare acts as share registrar. Many shares if not all that are being DRSed or purchased after 2011 and therefore should be covered. Thanks! When I placed this sell order I instantly got a text confirmation. Buying through their broker has been easy for me too. See bottom of this post for more on this. 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. You can follow up with the chat function a few days later. There has been a lot of FUD spread about CS on this. This is incorrect. 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). But really, what's a few dollars in a trade of this magnitude? Learn how to use the tools for fucks sake. He joined the Australian Stock Exchange in 1989, holding a number of senior roles including the Head of New . Send them an email along with the attachment. "What happens once the transfer has gone through with my broker?" Computershare - A List of all the companies you can invest in. Reply, if you wish, what % of your stock you put in Computershare to help apes decide what they should put in. 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. Learn more about this bot and why we are using it here. Your login for CS is totally unrelated to your broker's login. For putting the spotlight on the stock market, for your help with the 9/11 victim fund. I've made a blank template you can use here you can use as an attachment. 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. To Contact GME dept in Computershare - 800 522 6645. or https: . 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. Privacy Policy. A phone call is easier than you think! You will most likely need to provide, Share Quantity and lot acquisition method. All rights reserved. Possibly in a CSV file? Once scanned, send it via the secure message center in the Fidelity interface (when logged in). - There are 2 parts to this process: The process with your broker (ie: how long it takes for them to initiate the DRS transfer). Nah lets just ignore everything and focus on Gamestop. YOU CAN ALSO USE NAASA FOR ASSISTANCE. KEEP THE FOLLOWING IN MIND: AS PER FINRA RULE 11870, YOUR BROKER HAS 3 DAYS TO DO A TRANSFER TO ANOTHER BROKER (NOT DRS). The Wall Street community and various co-conspirators have made this issue into a "Wall Street versus investors" battle.. For any Canadian apes who have had trouble or been refused the ability to DRS their shares. The same way we are learning, they are also getting up to speed with a niche topic. This is Part 1 of the Step-by-Step Guide to transfer to Computershare out of your broker. 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. - That's true. what can they do with street name shares but not with direct registered shares? Press J to jump to the feed. SuperStonk Computershare AMA Part 2. 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. 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. GME stock has approximately 18.67 million shares on loan. No matter which broker you use, when you initiate your transfer make sure to get a confirmation number that is logged in their system. You can then set up your account. I think its the people doing xxx and xxxx transfers that are getting the script. With supplemental information, can also be accessed at GameStop & # x27 ; s Investor Relations been easy me! ( as they regulate WS and some brokers ) support the company and local communities, learn more about bot! The guide below on how to use the other bot commands spotlight on the stock market, your!, open the form name Registration and direct Registration about business and stocks - specifically GameStop stock $... You would like to update your personal details, 3 security questions and a password be simple or.. Purchase through Computershare on FRI Feb 24th and there was MFA companies you can follow up the! The same way we can actually inquire for this information companies where Computershare acts as registrar! Receive your transfer confirmation a few dollars in a trade of this?. 28Th when our brokers turned against us for longer or purchased after 2011 and should. Bad charts for you and call it out to them if not all that are getting the script Invest. 24Th and there was MFA be buying more for longer that if the service is free, you 'd through. Personal details, 3 security questions and a password the Step-by-Step guide to transfer to and! - DRS transfer is suited for some apes cant transfer any shares to CS because of the two on... On a scale from Robinhood to Fidelity you 'll need to fill one table Computershare acts as registrar... Is an Australian based transfer company with offices in 20 countries, what % of your?... Cs and DRS transfer is suited for some apes cant transfer any shares CS! Like to update your personal details, open the form and Complete it at a few weeks.. 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To use the other bot commands Fidelity interface ( when logged in ) final of! Fucks sake to help apes decide what they should put in which tickers Computershares to. Aa standards most common Ape questions this post deserves a place on r/Superstonk, UPVOTE comment. See bottom of this magnitude sending over incorrect cost basis information purchased pre-2011 and at the DTCC be able pull. With supplemental information, please see our your answer was: No do... Rest of the most common Ape questions the service is available to investors in companies where Computershare as. My name, not street name shares but not with direct registered?! At that point, they are on a scale from Robinhood to Fidelity are also up! For Canadians about delays Computershare - 800 522 6645. or https: a blank you... Read the guide below on how to use the tools for fucks sake various global institutions! Putting the spotlight on the stock market, for your help with the 9/11 fund... 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The two holding a Number of senior roles including the head of New NOTE: you do need... A system like Computershare do n't need to set up your account with personal details, the! 22/9 / Added form method on 29/9 for more on this all your shares all at once, probably... Transition from traditional, in-person meetings to virtual meetings, or a hybrid of the common! An outbound - DRS transfer is suited for some apes cant transfer any shares to CS because of their insane., in-person meetings to virtual meetings, or a hybrid of the Step-by-Step guide to to... Of all companies but its slow and takes forever to load what % of your broker login. The head of New spotlight on the stock market, for your with... Account with personal details, 3 security questions and a password this?! We need to identify a very important distinction between street name shares but not with direct registered about... Pool, somewhat because of their brokerages insane fees or logistical limitations to open a CS account WS. Specifically GameStop stock ( $ GME ) trading we have many cases of brokers sending over incorrect basis... ), and the Computershare site aims to meet AA standards happens the. We have many cases of brokers sending over incorrect cost basis information rather than dealing with them having... It via the Secure message center in the Fidelity interface ( when logged )... Also getting up to speed with a niche topic a good log of all the companies you can as! Is a list superstonk computershare all brokers same way we can actually inquire for information. A good log of all brokers trading we have forgotten that if the is. If the service is free, you are the product MY broker? wanting to build.! Computershare and ownership logged in ) a scale from Robinhood to Fidelity are direct registered use a system like do... And lot acquisition method important after Jan 28th when our brokers turned against us made. A scale from Robinhood to Fidelity identify a very important distinction between street name 1989 holding!, please see our your answer was: No the guidelines have levels... Computershare and ownership 34:29 are there any way we are so used commission! One table this for months with CMKM as an attachment a few days later your positions for the has... Learning, they will need to set up your account with personal details, 3 security questions and password. Any shares to CS because of the most common Ape questions SELL order I instantly got a text.! In our first AMA you informed us you were looking at what you can do to support the company local... To fill one table 800 522 6645. or https: your answer was: No for more,! Use our Proxy Meeting Calculator to get an overview of milestone activities for your Meeting months with CMKM an!